QMS Medical Allied Services Limited — Updates, 18-02-2025: Press Release

QMS Medical Allied Services reported a significant 41.8% increase in consolidated net profit to Rs 3.46 crore for the quarter ended December 31, 2024, driven by entry into a new business segment supplying hospitals and the acquisition of a 51% stake in Saarathi Healthcare. The company’s consolidated operating income also rose by 24.5% to Rs 44.06 crore, while EBITDA grew 43.1% to Rs 7.14 crore. For the nine-month period, consolidated operating income grew 24.3% to Rs 112.06 crore, although EBITDA declined to Rs 19.66 crore due to a one-time marketing expense.

The company's board has approved a rights issue to raise approximately Rs 49 crore, aimed at increasing its stake in Saarathi Healthcare to 100%. QMS is optimistic about ongoing growth in the hospital supplies sector and plans to expand into new regions, leveraging its recent acquisition to enhance operational capacity and service offerings. Overall, the outlook remains positive as the company executes its growth strategies.