Healthcare stock hits 5% upper circuit after reporting 295% YoY increase in net profits

This healthcare stock, engaged in manufacturing medical devices and telemedicine solutions, hit a 5 percent upper circuit after reporting a company’s December quarterly results, with a net profit increase of 295 percent YOY.

Stock Price Movement

With a market capitalization of Rs. 101.94 crores, the shares of Maestros Electronics and Telecommunications Systems Limited’s stock surged by 5 percent, reaching an upper circuit of Rs. 189 per share on Wednesday, up from its previous closing price of Rs. 180 per share.

Q3 FY25 Result Walkthrough

Coming into the quarterly results of Maestros Electronics and Telecommunications Systems Limited, the company’s consolidated revenue from operations increased by 49.55 percent YOY, from Rs. 3.35 crore in Q3 FY24 to Rs. 5.01 crore in Q3 FY25, and dropped by 31.65 percent QoQ from Rs. 7.33 crore in Q2 FY25.

Further, the company’s EBIDT has improved from Rs. -0.10 crore in Q3 FY24 to Rs. 0.54 crore in Q3 FY25. 

In Q3 FY25, Maestros Electronics and Telecommunications Systems Limited’s consolidated net profit increased by 294.74 percent YOY, reaching Rs. 0.75 crore compared to Rs. 0.19 crore during the same period last year. As compared to Q2 FY25, the net profit has decreased by 25.74 percent, from Rs. 1.01 crore.

The basic earnings per share increased by 297.06 percent and stood at Rs 1.35 as against Rs 0.34 recorded in the same quarter in the previous year 2024.

Business Operations

Maestros specializes in manufacturing medical devices like patient monitors and ECG machines, offering telemedicine solutions for remote healthcare, and providing business automation services. They also focus on financial inclusion and automation for banking and microfinance, helping improve access to essential services.

Written By – Nikhil Naik

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Healthcare stock hits 5% upper circuit after reporting 295% YoY increase in net profits appeared first on Trade Brains.