Vasa Denticity (formerly Vasa Denticity Private Limited), a provider of dental products through its acclaimed platform Dentalkart, has announced its financial results for the first quarter ending June 30, 2024.
In a press statement on Thursday, the company has demonstrated remarkable growth, reinforcing its position in the dental industry.
For Q1 FY 2024-25, Vasa Denticity reported revenue from operations of Rs 5,406.27 lakhs, marking a 52.07 per cent increase from Rs 3,556.16 lakhs in Q1 FY 2023-24. Total income rose to Rs 5,438.01 lakhs, up from Rs 3,569.88 lakhs, reflecting a 52.25 per cent year-over-year growth. Total expenses reached Rs 4,979.88 lakhs, which is a 52.99 per cent increase from Rs 3,254.78 lakhs. The company achieved a profit before tax (PBT) of Rs 458.13 lakhs, a 45.41 per cent rise from Rs 315.10 lakhs. Profit after tax (PAT) was Rs 341.84 lakhs, representing a 34.15 per cent increase from Rs 254.76 lakhs. Earnings per share (EPS) improved to Rs 2.13, a 15.76 per cent increase from Rs 1.84.
Dr Vikas Agarwal, CEO of Vasa Denticity, expressed enthusiasm about the company's performance, stating, "We are thrilled to report our best first-quarter results to date, with substantial year-over-year growth in revenue and profitability. This robust performance reflects our relentless commitment to innovation and our strategic focus on expanding our product offerings to meet the evolving needs of dental professionals worldwide."
Co-founder and Executive Director Sandeep Aggarwal noted, "Our efforts in strengthening our supply chain and enhancing customer experiences have paid off handsomely. The impressive growth in revenue and profits underscores our strategies' effectiveness and our dedicated team's hard work."
Supply Chain Manager Akash Bairwa added, "The significant increase in operational efficiencies and strategic procurement initiatives has contributed to our strong financial performance. We will continue to optimise our processes to sustain this positive momentum."
Looking ahead, the management remains optimistic and is committed to driving further growth. The company aims to expand its market presence and invest in innovative solutions to cater to the needs of dental professionals, the press statement from the company read.
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