~ The brand attributes its success to the rise in awareness about preventive healthcare and the launch of Q devices ~
National, 17th August 2023: As per the recent first quarter results released by QMS MAS (Medical Allied Services), a front-runner in the field of healthcare and wellness, several interesting insights and a surge in profits came to the fore, signalling a promising future for the legacy brand.
QMS Medical Allied Services Limited showcased a noteworthy financial performance in the first quarter of FY24, highlighting a consistent growth trajectory that speaks of the company’s dedication and effectiveness in the healthcare industry. The reported total revenue of ₹26.04 crores, a year-on-year increase of 5.90%, a clear indication of the company’s ability to capture and expand its market share. Growth recorded of key metrics was pegged at following numbers: the company’s EBITDA reached ₹4.74 crore, reflecting a steady year-on-year growth of 156.12%, while the EBITDA margin, at 18.20%, demonstrated a year-on-year growth of 11 basis points (BPS).
Net profit figures were recorded at ₹2.46 crore, a year-on-year growth of 910.06%, and a net profit margin surge to 9.45%, showcasing a substantial year-on-year growth of 846 basis points (BPS). Earnings per share (EPS) were reported at ₹1.38 for the quarter, indicating a year-on-year growth of 213.64%. QMS Medical Allied Services Limited has proven its ability to not only deliver strong financial results but also to strategically position itself for continued success in the dynamic healthcare sector.
Speaking on the report findings, Mahesh Makhija, the Chairman and Managing Director of QMS MAS, said, expressed his gratitude, stating, “As a company growing from strength to strength, QMS MAS has always placed our customers at the heart of everything we do. We take pride in the trust and loyalty that generations of customers have placed in us. This remarkable increase in profitability is a testament to our team’s hard work, dedication, and commitment to delivering top-quality products and services. Our patient service programs in particular have demonstrated tremendous success.”
The success of QMS MAS in the healthcare domain can be attributed to its adaptability to the changing industry landscape and its proactive efforts in promoting preventive healthcare practices. As the world witnesses a paradigm shift toward a more health-conscious approach, the brand is at the forefront, offering solutions that empower individuals to take charge of their health. The company embraces its legacy and remains steadfast in its pursuit of excellence, blending the essence of tradition with cutting-edge technology to provide world-class healthcare solutions.
