The stock soared 23.16% in the past three sessions, driven by strong Q2FY25 results announced on Tuesday (29 October 2024). On a consolidated basis, net profit of Poly Medicure rose 40.62% to Rs 87.45 crore on 24.53% increase in net sales to Rs 420.02 crore in Q2 September 2024 over Q2 September 2023. Profit before tax stood at Rs 117.98 crore in the Q1 FY25, up 45.7% YoY and up 19.83% QoQ. Operating profit margin (OPM) expanded to 27% in Q2 FY25, up from 25% in the same period last year. Poly Medicure manufactures disposable medical items, such as IV cannula, blood bags, blood collection tubes, and infusion and transfusion sets. Powered by Capital Market - Live

Net profit of Poly Medicure rose 40.62% to Rs 87.45 crore in the quarter ended September 2024 as against Rs 62.19 crore during the previous quarter ended September 2023. Sales rose 24.53% to Rs 420.02 crore in the quarter ended September 2024 as against Rs 337.29 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales420.02337.29 25 OPM %27.4624.97 - PBDT138.8496.94 43 PBT117.9880.95 46 NP87.4562.19 41 Powered by Capital Market - Live

Poly Medicure will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

Aptus Value Housing Finance India Ltd, J K Cements Ltd, Raymond Ltd, KSB Ltd are among the other stocks to see a surge in volumes on NSE today, 14 October 2024.Poly Medicure Ltd clocked volume of 5.74 lakh shares by 14:14 IST on NSE, a 9.61 times surge over two-week average daily volume of 59769 shares. The stock gained 2.60% to Rs.2,405.15. Volumes stood at 26617 shares in the last session.Aptus Value Housing Finance India Ltd registered volume of 158 lakh shares by 14:14 IST on NSE, a 7.68 fold spurt over two-week average daily volume of 20.59 lakh shares. The stock rose 8.41% to Rs.391.15. Volumes stood at 4.3 lakh shares in the last session.J K Cements Ltd recorded volume of 3.74 lakh shares by 14:14 IST on NSE, a 5.91 times surge over two-week average daily volume of 63179 shares. The stock gained 1.34% to Rs.4,295.75. Volumes stood at 54626 shares in the last session.Raymond Ltd saw volume of 12.09 lakh shares by 14:14 IST on NSE, a 4.45 fold spurt over two-week average daily volume of 2.72 lakh shares. The stock increased 4.71% to Rs.1,679.05. Volumes stood at 2.2 lakh shares in the last session.KSB Ltd notched up volume of 7.07 lakh shares by 14:14 IST on NSE, a 4.42 fold spurt over two-week average daily volume of 1.60 lakh shares. The stock rose 1.42% to Rs.918.90. Volumes stood at 1.34 lakh shares in the last session.Powered by Capital Market - Live

K E C International Ltd, TCI Express Ltd, Finolex Industries Ltd and Kalpataru Projects International Ltd are among the other losers in the BSE's 'A' group today, 20 September 2024.Poly Medicure Ltd lost 4.14% to Rs 2360.7 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2464 shares were traded on the counter so far as against the average daily volumes of 6162 shares in the past one month.K E C International Ltd crashed 4.06% to Rs 945.5. The stock was the second biggest loser in 'A' group.On the BSE, 39389 shares were traded on the counter so far as against the average daily volumes of 99746 shares in the past one month.TCI Express Ltd tumbled 3.38% to Rs 1098. The stock was the third biggest loser in 'A' group.On the BSE, 3957 shares were traded on the counter so far as against the average daily volumes of 3975 shares in the past one month.Finolex Industries Ltd dropped 3.25% to Rs 297.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 29463 shares were traded on the counter so far as against the average daily volumes of 63086 shares in the past one month.Kalpataru Projects International Ltd shed 3.24% to Rs 1334.6. The stock was the fifth biggest loser in 'A' group.On the BSE, 7214 shares were traded on the counter so far as against the average daily volumes of 15645 shares in the past one month.Powered by Capital Market - Live

Poly Medicure announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

The company has allotted 53.19 equity shares to qualified institutional investors, the shares were priced at Rs 1,880 apiece, resulting in an issue size of approximately Rs 1,000 crore. The QIP garnered interest from a diverse range of investors, including long-only funds, mutual funds, insurance companies, and other key stakeholders. The QIP witnessed participation from various institutional investors, with the allottees receiving more than 5% of the total issue size. Lighthouse India Fund received 20% allocation from the total issue, followed by SBI Mutual Fund (13%) and Nomura Funds Ireland (10.50%), Further, ICICI Prudential Life Insurance Company, Kotak Mahindra Life Insurance Company, Quant Mutual Fund, Max Life Insurance Company received an allocation of 5% each. Poly Medicure intends to use the proceeds from the issue for funding capital expenditure to be incurred by the company for setting up of manufacturing facilities, pursuing inorganic initiatives; and general corporate purposes. Poly Medicure manufactures disposable medical items, such as IV cannula, blood bags, blood collection tubes, and infusion and transfusion sets. Powered by Capital Market - Live

Poly Medicure has launched a qualified institutional placement of equity shares of face value of Rs 5 each with floor price of Rs 1880.6875 per equity share on 19 August 2024. Powered by Capital Market - Live