India's Entero Healthcare rises to 15-month high on profit growth, margin gains
BUZZ-India's Entero Healthcare rises to 15-month high on profit growth, margin gains ** Shares of Entero Healthcare Solutions ENTE.NS rise as much as 14.8% to 1,426.3 rupees, their highest level since May 2025
** The pharmaceuticals and healthcare products distributor's June-quarter revenue from operations rises 38.2% YoY, and net profit jumps 37.3% year-on-year
** Gross margin improves by 147bps YoY to 11.4%
** "We have started FY27 on a strong footing... this sets a very strong momentum for rest of the year with high confidence on delivering on our guidance," says CEO
** Stock trades at forward 12-months PE of 28.88 vs Industry median of 33.71 - LSEG-compiled data
** Company's return on equity stands at 8.3%, compared with 14.3% for peer Max Healthcare Institute
** YTD, stock up 28.7%
(Reporting by Abhinav Parmar in Bengaluru)
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