Pharmacy retail chain Medplus Health Services Ltd has posted its results for the April-June quarter of the current fiscal year.

The company reported an 86% drop in its consolidated net profit at Rs 3.77 crore from the Rs 26.55 crore posted in the previous quarter of Q4FY23.

The company reported a 29% increase in its operating revenue to Rs 1,284.29 crore for the quarter under review against the Rs 993.65 reported in the year-ago quarter and a 2.5% increase on a sequential basis.

The EBITDA increased by 28.6% YoY to Rs 80.73 crore for the quarter under review against the Rs 62.77 reported in the same quarter of the previous fiscal year.

The shares of Medplus Health Services have increased by 46.76% on the year to date basis and by 22% over the course of a year.

For the June quarter, the pharmacy retail chain has opened 153 new stores, out of which 87 of them are beyond Tier 1 cities. With the addition of the new outlets, the company’s store network stands at 3,975 stores as of June 30, 2024.

At 12:20 pm, the shares of Medplus Health Services Ltd were trading at Rs 901.20 or 5.05% below its previous close of Rs 951.25 on NSE.