By: IPP Bureau
Last updated : November 07, 2024 9:22 pm
Revenue growth was fueled by higher volumes and contributions from both existing and new centres
Vijaya Diagnostic Centre Limited, one of India’s leading integrated diagnostic chains, has announced its financial results for the quarter ended 30th Sep 2024. PH Diagnostic Centre Private Limited, Pune has become a wholly-owned subsidiary effective from 21st December 2023. Consequently, its financials have been consolidated from 21st December 2023 in the last financial year FY 2023-24.
Hence, the consolidated operational and financial figures of Q1 FY 25, Q2 FY25 and H1 FY 25 below include PH, unless otherwise stated.
The company has posted net profit of Rs. 41.94 crore in Q2 FY25 as compared to Rs. 33.32 crore in Q2 FY24, representing a growth of 25.9 per cent. Revenue from Operations stood at Rs. 182.95 crore in Q2 FY25 as compared to Rs. 138.86 crore, reflecting a growth of 31.8 per cent.
Commenting on the performance, Suprita Reddy, MD & CEO, said: “I’m excited to announce another key milestone in our growth journey. We have delivered a robust quarter, achieving an impressive 31.8% YoY revenue growth, of which 23.0% was organic. This strong performance was driven primarily by volume, with contributions coming from both our existing and newly launchedcentres.
“I’m also delighted to share that we successfully launched operations at our Hub center in Ongole this August, and the response in the first two months has been very promising. In addition, we are excited to begin operations at our new state-of-the-art facility in Nizamabad tomorrow. This center features cuttingedge technologies, including a 3T MRI, CT scan, an automated lab, and a range of basic radiology modalities.
“We’ve also upgraded our spoke centre in Gurgaon, transforming it into a fully equipped hub with the addition of MRI and CT machines. This enhancement enables us to provide a complete range of services, from basic blood tests to advanced imaging, all conveniently available under one roof at our Gurgaon centre.”