India's MedPlus Health gains on higher quarterly profit
28/05/2025 07:18
** Shares of MedPlus Health Services MEDP.NS climb 2.4% to 972.05 rupees ** Pharmacy chain operator reports 54% jump in Q4 consol net profit; gross margins expand 245 bps to 24.4% ** Results boosted by store expansions and strong demand for over-the-counter products and high-margin private label products ** Opened 113 stores in Q4, total count now 4,712 - Co ** Trading volume at more than 808,000 shares, 4x 30-day moving average ** Stock extends YTD gains to 17% (Reporting by Kashish Tandon in Bengaluru) ((Kashish.tandon@thomsonreuters.com))
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