Poly Medicure Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 27, 2021 at 03:14 am EST
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Poly Medicure Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 2,085.539 million compared to INR 1,844.755 million a year ago. Operating income was INR 455.09 million compared to INR 333.837 million a year ago. Net income was INR 353.08 million compared to INR 250.17 million a year ago. Basic earnings per share was INR 4 compared to INR 2.83 a year ago. Diluted earnings per share was INR 3.99 compared to INR 2.83 a year ago. For the nine months, total revenue was INR 5,852.569 million compared to INR 5,291.419 million a year ago. Operating income was INR 1,265.989 million compared to INR 957.657 million a year ago. Net income was INR 970.28 million compared to INR 732.226 million a year ago. Basic earnings per share was INR 11 compared to INR 8.3 a year ago. Diluted earnings per share was INR 10.99 compared to INR 8.29 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.
POLY MEDICURE LIMITED 
