Soni Medicare Reports Steady Financial Performance

Nov 14 2023 12:00 AM IST
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Soni Medicare, a microcap healthcare services company, reported a slight decrease in net sales and standalone net profit for the quarter ended September 2023. However, there was a significant increase compared to the same quarter last year. The company's operating profit and interest expenses also saw changes, but overall, its financial performance has been steady with promising growth potential.
Soni Medicare, a microcap healthcare services company, recently announced its financial results for the quarter ended September 2023. The company reported a slight decrease in net sales by 0.93% compared to the previous quarter, but a significant increase of 35.61% compared to the same quarter last year. The standalone net profit also saw a decrease of 66.67% compared to the previous quarter, but a substantial increase of 109.89% compared to the same quarter last year.

The company's operating profit (PBDIT) excluding other income also saw a decrease of 152.00% compared to the previous quarter, but a significant increase of 125.51% compared to the same quarter last year. However, the interest expenses decreased by 5.00% compared to the previous quarter, but still remained higher than the same quarter last year with a decrease of 13.04%.

Despite the slight decrease in operating profit margin (excluding other income) compared to the previous quarter, Soni Medicare has shown a consistent performance in the last three months. The company's half-yearly profit after tax (PAT) has also seen a significant increase of Rs 0.12 crore compared to the preceding 12-month period ended September 2023, which was at Rs -0.67 crore.

Overall, Soni Medicare's financial performance for the quarter ended September 2023 has been steady and shows promising growth potential for the future. With a strong half-yearly PAT and consistent performance in the last three months, the company is on track to achieve its financial goals.
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