QMS Medical Allied Services Reports 55% QoQ increase in Net profits for Q1FY25

QMS Medical Allied Services, a leading holistic healthcare management solutions company, reported its financial results for Q1FY25

Q1FY25 vs. Q4FY24 (QoQ) Performance

The company posted an operating revenue of Rs 30.37 crore for the first quarter ended June 30, 2024. As compared to Q4FY24, the company posted a 22% growth in EBIDTA to Rs. 4.95 crore in Q1FY25. The company’s net profit stood at Rs. 2.40 crore in Q1FY25, up 56% from Rs. 1.54 crore in Q4FY24. The growth in margins indicated the shift from providing products to solutions for its clientele during the quarter.

Q1FY25 vs. Q1FY24 (YoY) Performance

On a year-on-year basis (YoY), the company’s operating income improved by 17%, while EBITDA clocked a 4% jump in Q1FY25 as compared to Q1FY24.

Commenting on the results, Mahesh Makhija, Founder, Chairman & Managing Director, QMS Medical Allied Services Limited, said, “The quarter was headlined by India’s national elections, which led to lower activation and on-ground programs. However, the operating margins improved owing to the company’s ongoing shift from products to solutions ecosystem play. The quarter also witnessed the acquisition of a 51% stake in Saarathi Healthcare – which has added a new dimension to the company’s opportunity landscape.”

Recently, the Mumbai-headquartered company successfully completed the 51% acquisition of Saarathi Healthcare Pvt Ltd, marking a significant milestone in the company's growth and strategic expansion.