Excelsior Correspondent
JAMMU, May 4: Prevest DenPro Limited, a Jammu based leading manufacturer of dental materials, has reported 42 per cent increase in net profit in the January-March quarter of financial year 2022-23 on improved sales. The company clocked net profit of Rs 5.10 crore during the March quarter compared at Rs 3.58 crore in the December quarter.
In the January-March period of FY22, the company has posted a net profit of Rs 2.46 crore. The Company’s total revenue during the reporting quarter stood at Rs 14.10 crore, up to 10 per cent QoQ and around 38 per cent YoY. The expenses came in the Rs 8.32 crore in the quarter as against Rs 7.48 crore in December quarter and Rs 6.57 crore in the corresponding quarter last fiscal. The earning per share for the quarter under review grew 42 per cent to Rs 4.26.
The Company has reported total income of Rs 51.9 crores during the financial Year ended March 31, 2023 as compared to Rs 39.7 crores during the Financial Year of March 31, 2022. The company has posted net profit of Rs 15.7 crores for the Financial Year ended March 31, 2023 as against net profit of Rs 11.5 crores for the Financial Year ended March 31, 2022.
Further, the company has reported EPS Rs 13.09 for the Financial Year ended March 31, 2023 as compared to Rs 9.64 for the Financial Year ended March 31, 2022. The company has a market cap of Rs 429.7 crores.
Prevest DenPro is a Jammu-based dental material manufacturer. The stock got listed on the BSE SME platform in September 2021. It yielded a whopping 115 percent premium over the issue price of Rs 84 on debut.
Atul Modi CMD of the Company said that the Company is well-positioned to capitalize on the growing demand for dental materials and is committed to provide innovative and high quality products to its customers across the globe.
Namrata Modi ED and CFO said that the Company has shown strong set of numbers for the financial year 2023 and we expect a healthy trajectory of performance to continue.
Trending Now
E-Paper
Follow our WhatsApp channel