Nexus Surgical & Medicare Q1 Results Income ₹59.33 Lakhs & Net Profit ₹5.84 Lakhs

Nexus Surgical & Medicare Q1 Result

Nexus Surgical & Medicare Q1 Results: Nexus Surgical & Medicare released its financial results for the quarter ending June 30, 2024. For this period, the company earned ₹59.80 lakhs from sales and services, which is less compared to ₹176.03 lakhs earned in the previous quarter. They had a small negative other income of ₹0.46 lakhs, making the total income ₹59.33 lakhs. 

Nexus Surgical & Medicare's expenses include ₹41.60 lakhs for buying stock, a reduction in cost of materials by ₹20.04 lakhs, ₹5.94 lakhs for employee salaries, ₹0.10 lakhs for depreciation, and ₹23.49 lakhs for other expenses. This totals ₹51.05 lakhs in expenses, which is lower compared to ₹164.04 lakhs in the previous quarter.

After covering these expenses, the company made a profit of ₹8.29 lakhs before taxes. They paid ₹2.47 lakhs in current tax and ₹0.06 lakhs in deferred tax, resulting in a net profit of ₹5.84 lakhs. The company's total comprehensive income, which includes profits and other adjustments, was ₹8.99 lakhs for this quarter. The company’s paid-up equity share capital is ₹54 lakhs, with an earnings per share (EPS) of ₹0.16, up from ₹0.11 in the previous quarter.

Here is a simplified summary of the unaudited financial results for Nexus Surgical and Medicare for the quarter ended June 30, 2024:

Source: Here 

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Nexus Surgical & Medicare Financial Performance

Nexus Surgical & Medicare has a market capitalization of ₹9.31 crore, which means the total value of all its shares is ₹9.31 crore. The current price of one share of Nexus Surgical & Medicare is ₹17.00. The highest price at which the stock has traded in recent times is ₹21.70, while the lowest price is ₹8.10. 

Here's the financial summary for the company:

Quarterly Results

Nexus Surgical & Medicare table shows the financial results across different quarters. It includes figures for sales, expenses, operating profit, and net profit. For each quarter, you see how much money the company made (sales) and how much it spent (expenses). The operating profit shows the company's earnings before taxes and other costs. 

Here's the quarterly financial data for December 2023, March 2024, and June 2024:

About Nexus Surgical & Medicare

Nexus Surgical and Medicare, founded on January 8, 1992, is a company based in India with the CIN L33100MH1992PLC328367. It became publicly listed on the Bombay Stock Exchange (BSE) on January 8, 2015, with the code 538874. The company specializes in importing and marketing high-quality surgical and pharmaceutical products at affordable prices. They primarily deal in disposable syringes (with and without needles) and pouches for storing sterilized equipment and materials. 

Nexus Surgical and Medicare stands out in the market due to its vast experience, direct sourcing of quality products from overseas manufacturers, a broad distribution network, competitive pricing, and timely delivery of products.

Nexus Surgical and Medicare's mission is to make healthcare products both convenient and affordable, striving to be the go-to place for all hospital needs. Nexus values humility, empathy, adaptability, remarkable service, and transparency. These core values guide their actions and are appreciated by both employees and customers. 

Nexus Surgical and Medicare's vision is to build global connections by offering effective products at competitive prices and to be a central hub where hospitals can find everything they need. They aim to enhance patient health by delivering high-quality, safe, and effective products that meet hospital standards.