Paras Healthcare posts Rs 40 crore Q2 net profit in first results after listing
Indian markets moved higher in a quarterly results development.
· Economic Times Markets, ET Stocks
Paras Healthcare announced a profit after tax of Rs 40.35 crore in the September quarter. This performance shows a significant increase from the net profit of Rs 12.38 crore reported last year. Revenue from operations reached Rs 510.89 crore, with expenses at Rs 463.12 crore during the same period. The company utilized a portion of its IPO proceeds to strengthen its balance sheet.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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