Poly Medicure Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
October 26, 2020 at 01:10 pm IST
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Poly Medicure Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 2,028.6 million compared to INR 1,789.032 million a year ago. Net income was INR 350.094 million compared to INR 284.003 million a year ago. Basic earnings per share from continuing operations was INR 3.97 compared to INR 3.22 a year ago. Diluted earnings per share from continuing operations was INR 3.96 compared to INR 3.22 a year ago. For the half year, total revenue was INR 3,767.03 million compared to INR 3,446.664 million a year ago. Net income was INR 617.2 million compared to INR 482.056 million a year ago. Basic earnings per share from continuing operations was INR 6.99 compared to INR 5.46 a year ago.
Poly Medicure Limited is an India-based medical devices company. The Company is engaged in manufacturing and selling medical devices. The Company holds a portfolio of over 375 patents covering a range of products in various areas, including vascular access, renal care, transfusion and diagnostics systems. These products cater to a range of therapeutic segments, such as infusion therapy, oncology, anesthesia and respiratory care, urology, gastroenterology, blood management and blood collection, surgery and wound drainage, dialysis, central venous access catheters, veterinary medical devices, and others. It supplies its products to more than 100 countries across Europe, Africa, the Americas, Australia, and Asia. Its products include IV cannula, arterial cannula, prefilled syringe, nasogastric feeding tube, gastro-duodenal feeding tube, umbilical catheter, irrigation sets, urine drainage catheters and others. It operates ten manufacturing facilities across India, China, Egypt and Italy.