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Poly Medicure has recorded strong 17% growth in sales to Rs 180.44 crore in Q3FY20 compared to Q3FY19. The company operating margins jumped 568 bps to 25.25% leading to 50% surge in operating profits to Rs 45.56 crore.
Other income rose 2% to Rs 4.28 crore compared to Rs 4.19 crore. Interest cost jumped to Rs 5.40 crore. Depreciation moved up 11% to Rs 10.81 crore. PBT increased 32% to Rs 33.63 crore.
Effective rate of taxes was down 1156 bps to 25.60%. PAT reported 56% higher at Rs 25.02 crore in Q3FY2020.
Performance for the nine months ended December 2019
For nine months ended December 2019, sales increased 18% to Rs 515.91 crore. The company operating margins galloped 218 bps to 24.0%. As a result operating profits jumped 29% to Rs 123.81 crore.
Other income increased 16% to Rs 14.30 crore. Interest cost rose 6% to Rs 10.23 crore. Depreciation moved up 12% to Rs 31.04 crore. PBT increased 37% to Rs 96.84 crore.
Effective tax rate dipped 1344 bps to 24.38%. PAT reported surged 67% to Rs 73.22 crore in 9MFY2020.
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