Medinova Diagnostic Services Q1 Results Revenue ₹2.49 Crores & Net Income ₹0.42 Crores

Medinova Diagnostic Services Q1 Results: The Medinova Diagnostic Services Q1 results show the company’s performance for the period ending June 2024. They earned ₹2.49 crores in total revenue, which is a decrease of 9.46% compared to the previous quarter (₹2.75 crores) but an increase of 3.04% from the same quarter last year (₹2.42 crores). Their expenses for selling, general, and administrative costs rose by 5.08% from the previous quarter, totaling ₹0.62 crores, though this was slightly lower than a year ago.

Medinova Diagnostic Services’s depreciation and amortization costs dropped by 25% from the previous quarter, but they stayed the same compared to last year. Other operating expenses increased by 2.11% from the previous quarter to ₹0.97 crores, but decreased by 3.46% compared to the same quarter last year. Total operating expenses were down by 2.14% from the previous quarter, totaling ₹1.83 crores, and they were also lower by 4.69% year-over-year.

Medinova Diagnostic Services’s operating income, or the profit from core operations, fell by 25% compared to the last quarter but rose by 32% compared to last year. Net income before taxes and net income both saw significant decreases of 38.89% and 45.45%, respectively, from the previous quarter. Despite the drop, net income increased by 27.27% compared to last year. Diluted normalized EPS also fell by 45.45% from the previous quarter but was up by 27.27% compared to last year.

Here are the Q1 results for Medinova Diagnostic Services, with figures in crores:

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results

Medinova Diagnostic Services Q1 Results

Medinova Diagnostic Services made a total income of ₹187.50 lakhs in this quarter. This includes ₹185.51 lakhs from its core operations and ₹1.99 lakhs from other sources. The total income for this quarter is slightly higher than the ₹185.49 lakhs earned in the same quarter last year but less than the ₹207.15 lakhs earned in the previous quarter.

Medinova Diagnostic Services’s expenses for the quarter were ₹165.65 lakhs. This includes costs like ₹19.96 lakhs for materials, ₹40.18 lakhs for employee salaries, ₹15.27 lakhs for testing fees, and ₹14.08 lakhs for finance costs. Other expenses and depreciation bring the total expenses to ₹165.65 lakhs.

Medinova Diagnostic Services’ profit before tax for the quarter was ₹21.85 lakhs. After accounting for taxes, which totaled ₹5.22 lakhs, the net profit for the quarter was ₹16.63 lakhs. This is higher compared to ₹4.38 lakhs in the same quarter last year and slightly less than the ₹29.45 lakhs profit in the previous quarter. The earnings per share (EPS) for this quarter are ₹0.17, the same as in the previous quarter.

Standalone Financial Results for the Quarter Ended June 30, 2024

Medinova Diagnostic Services Stock Performance

Medinova Diagnostic Services is a company that provides medical testing and diagnostic services. They offer a range of tests to help doctors diagnose diseases and health conditions. These tests include blood tests, imaging services like X-rays and MRIs, and other diagnostic procedures. Medinova's goal is to provide accurate and timely results to support patient care. 

Here’s the stock information in table format:

Quarterly Results 

For Medinova Diagnostic Services, the financial results for December 2023, March 2024, and June 2024 show how the company performed. In December 2023, the company had sales of Rs. 2.39 crores, with a profit of Rs. 0.40 crores and an Operating Profit Margin (OPM) of 24.69%. By March 2024, sales increased to Rs. 2.49 crores, and profit rose to Rs. 0.60 crores, improving the OPM to 30.12%.

Here's the table for December 2023, March 2024, and June 2024: