Prevest Denpro Ltd, a leading manufacturer of dental materials, has reported a 42 per cent increase in net profit for the January-March quarter of the financial year 2022-23 due to improvement in sales. The company earned a net profit of Rs 5.10 crore during the March quarter as compared to Rs 3.58 crore in the December quarter. In the January-March period of FY22, the company posted a net profit of Rs 2.46 crore.
The company’s total revenue during the quarter under review stood at Rs 14.10 crore, up 10 percent QoQ and nearly 38 percent YOY.
Total expenses for the quarter stood at Rs 8.32 crore as against Rs 7.48 crore in the December quarter and Rs 6.57 crore in the corresponding quarter of the previous fiscal. Earnings per share rose 42 per cent to Rs 4.26 in the quarter under review.
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Financial Results (Year Ending FY2023) – YoY Comparison
The company has reported a total income of Rs 51.9 crore during the financial year ended March 31, 2023, as against Rs 39.7 crore during the financial year ended March 31, 2022.
The company has posted a net profit of Rs 15.7 crore for the financial year ending March 31, 2023, as against a net profit of Rs 11.5 crore for the financial year ending March 31, 2022.
The company has reported an EPS of Rs 13.09 for the financial year ended March 31, 2023, as against Rs 9.64 for the financial year ended March 31, 2022.
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Meanwhile, shares of Prevest Dnepro closed at Rs 358, up nearly 8 per cent on Thursday. The market cap of the company is Rs 429.7 crore. Prevest Denpro is a Jammu based dental materials manufacturer. The company is primarily engaged in the business of manufacturing a wide portfolio of Dental Materials.
The stock got listed on BSE SME platform in Sep 2021. It initially earned a premium of 115 per cent over the issue price of Rs 84.