Poly Medicure Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2020
June 05, 2020 at 04:47 am
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Poly Medicure Limited announced earnings results for the fourth quarter ended March 31, 2020. For the fourth quarter, the company announced total revenue was INR 1,765.604 million compared to INR 1,792.792 million a year ago. Operating income was INR 278.167 million compared to INR 292.003 million a year ago. Net income was INR 226.551 million compared to INR 215.005 million a year ago. For the full year, total revenue was INR 7,057.024 million compared to INR 6,290.924 million a year ago. Operating income was INR 1,235.826 million compared to INR 986.757 million a year ago. Net income was INR 958.779 million compared to INR 653.990 million a year ago.
Poly Medicure Limited is an India-based medical devices company. The Company is engaged in manufacturing and selling medical devices. The Company holds a portfolio of over 375 patents covering a range of products in various areas, including vascular access, renal care, transfusion and diagnostics systems. These products cater to a range of therapeutic segments, such as infusion therapy, oncology, anesthesia and respiratory care, urology, gastroenterology, blood management and blood collection, surgery and wound drainage, dialysis, central venous access catheters, veterinary medical devices, and others. It supplies its products to more than 100 countries across Europe, Africa, the Americas, Australia, and Asia. Its products include IV cannula, arterial cannula, prefilled syringe, nasogastric feeding tube, gastro-duodenal feeding tube, umbilical catheter, irrigation sets, urine drainage catheters and others. It operates ten manufacturing facilities across India, China, Egypt and Italy.