QMS Medical Allied Services, a prominent player in holistic healthcare management solutions, revealed its financial results for the first quarter of FY25, showcasing strong performance and strategic growth.
In a press statement on Friday, the company informed that for the quarter ending June 30, 2024, QMS Medical reported an operating revenue of Rs. 30.37 crore, reflecting solid business activity. The company achieved a significant 22 per cent quarter-on-quarter (QoQ) increase in EBITDA, which stood at Rs. 4.95 crore for Q1 FY25. Net profit surged by an impressive 55 per cent to Rs. 2.40 crore, up from Rs. 1.54 crore in Q4 FY24. This growth in margins indicates a strategic shift from providing products to offering comprehensive solutions to its clients.
On a year-on-year (YoY) basis, QMS Medical’s operating income saw a 17 per cent improvement, while EBITDA grew by 4 per cent compared to the same quarter last year.
Commenting on the results, Mahesh Makhija, Founder, Chairman & Managing Director of QMS Medical Allied Services Limited, stated, “The quarter was headlined by India’s national elections, which led to lower activation and on-ground programs. However, the operating margins improved owing to the company’s ongoing shift from products to a solutions ecosystem play. The quarter also witnessed the acquisition of a 51 per cent stake in Saarathi Healthcare – which has added a new dimension to the company’s opportunity landscape.”
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