India's MedPlus Health Services jumps on strong quarterly performance

MedPlus Health Services

21/05/2026 07:04

** Shares of India's MedPlus Health Services MEDP.NS jump as much as 12.2% to 1,022.20 rupees; last up 7.4%

** Pharmacy chain's Q4 net profit rose 24.6% y/y to 639.8 million rupees ($6.65 million)

** Revenue from ops rose 23.5% y/y, driven by store expansion and strong same-store growth

** Co adds 218 net stores in the quarter, compared with 100 a year earlier

** Consol operating EBITDA margin increased to 5.8% from 5.3% a year earlier

** Trading vols at 9.7x the 30-day average

** MEDP rated "strong buy" on average by seven analysts, median PT: 1,110 rupees - LSEG data

** YTD, stock up ~22.2%

($1 = 96.2200 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))