MEDPLUS

Feb 19 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• STAY ORDER GRANTED AGAINST DEMAND OF 18.9 MILLION RUPEES

Source text: ID:nBSE2P9g0R

Further company coverage: MEDP.NS

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Jan 31 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• MEDPLUS HEALTH SERVICES Q3 CONSOL NET PROFIT 458.9 MILLION RUPEES

• MEDPLUS HEALTH SERVICES Q3 CONSOL REVENUE FROM OPERATIONS 15.61 BILLION RUPEES

Source text: ID:nBSE99Lj0Q

Further company coverage: MEDP.NS

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Jan 7 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• OPTIVAL HEALTH SOLUTIONS RECEIVES DRUG LICENSE SUSPENSION ORDER

Source text: ID:nBSE2nPfJT

Further company coverage: MEDP.NS

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** Shares of MedPlus Health Services MEDP.NS fall as much as 4.3% to 811 rupees before recovering slightly; last down 3.8%

** Co's unit Optival Health Solutions gets suspension order of drug license for stores in Karnataka and Maharashtra

** Stock on track for second-sharpest intraday fall in 2024

** Avg rating of six analysts is a "strong buy" and median PT is 915 rupees, ~12% higher than current price - LSEG data

** Stock trims YTD gains to around 9%

(Reporting by Anuran Sadhu in Bengaluru)

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Dec 19 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• MEDPLUS HEALTH SERVICES LTD - OPTIVAL HEALTH SOLUTIONS RECEIVES DRUG LICENSE SUSPENSION ORDER

Source text: ID:nBSE9dL6xb

Further company coverage: MEDP.NS

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Nov 28 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• MEDPLUS HEALTH SERVICES - UNIT GOT ONE SUSPENSION ORDER OF DRUG LICENSE FOR FOUR DAYS AT ONE STORE

• MEDPLUS HEALTH SERVICES - POTENTIAL REVENUE LOSS OF 250,000 RUPEES FROM ORDER

Source text: ID:nNSE15b7k9

Further company coverage: MEDP.NS

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Nov 18 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• PI OPPORTUNITIES FUND-I SOLD 6.9 MILLION SHARES OF MEDPLUS HEALTH SERVICES AT 700 RUPEESPER SHARE VIA BULK DEAL - EXCHANGE DATA

• SBI MUTUAL FUND SOLD 1 MILLION SHARES OF MEDPLUS HEALTH SERVICES AT 700 RUPEESPER SHARE VIA BULK DEAL - EXCHANGE DATA

Source text: [ID:]

Further company coverage: MEDP.NS

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** Shares of MedPlus Health Services MEDP.NS rise as much as 7.4% to 724.95 rupees

** MEDP on Tuesday reported its Q2 consol net profit to more than doubled to 387.4 mln rupees ($4.6 mln); rev from ops rose ~12% Y/Y

** Co's retail business, which accounts for nearly all of its revenue, rose 11.3% Y/Y

** More than 1.5 mln shares change hands, 6.5x of 30-day avg

** Avg rating of six analysts equivalent to "strong buy", median PT is 840 rupees - LSEG data

** Stock down 6.5% YTD

($1 = 84.4000 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Nov 12 (Reuters) - India's MedPlus Health Services MEDP.NS reported a sharp jump in second-quarter profit on Tuesday, propelled by strong demand for over-the-counter (OTC) medicines.

The company reported consolidated net profit of 387.4 million rupees ($4.6 million) for the quarter ended Sept. 30, compared to 145.6 million rupees a year ago.

Its revenue from operations rose 12% to 15.76 billion rupees, led by an about 11% jump in its retail business, which accounts for nearly all of its total revenue.

The company did not specify the sales break-up of over-the-counter and prescription medicines, both of which are part of the retail business.

Drugmakers Mankind Pharma's MNKI.NS and Cipla's CIPL.NS domestic revenues were boosted by strong demand for OTC medications, the companies said in their second-quarter earnings statements.

MedPlus Health said in September that it plans to increase its presence in tier-2 cities by opening 600 new stores over the next three years.

The company currently has more than 4,000 outlets in the country, just behind Apollo Pharmacy, which has more than 6,000 stores.

It also said it is focussing on increasing the scalability of products under its own private label in both pharmaceuticals and consumer wellness categories, which according to analysts contributes more to its margins.

MedPlus competes with Reliance Industries' RELI.NS Netmeds and Apollo Pharmacies, both of which are unlisted, among other retail pharmacies in the Indian OTC drug retail market.

($1 = 84.3670 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru and Varun H K)

(([email protected]; 8800437922;))

Oct 31 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• UNIT RECEIVED FIVE SUSPENSION ORDERS OF DRUG LICENSE

Source text: ID:nBSEc5fS70

Further company coverage: MEDP.NS

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Aug 20 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• MEDPLUS HEALTH SERVICES LTD - UNIT RECEIVED TWO SUSPENSION ORDERS OF DRUG LICENSE

Source text for Eikon: ID:nNSE5Vk96x

Further company coverage: MEDP.NS

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BENGALURU, Aug 2 (Reuters) - India's MedPlus Health Services MEDP.NS reported a surge in first-quarter profit on Friday, driven by growth in the organised retail pharmaceutical sector.

MedPlus, which sells medicines online and in retail stores, said consolidated net profit rose 3.8 times to 143.6 million rupees ($1.7 million) for the quarter ended June 30.

Growth in the retail pharmaceutical sector has improved and is expected to sustain, according to analysts, as an improvement in medical infrastructure has resulted in better access to these platforms.

Analysts also pointed to the launch of new drugs and medical devices for the profit jump. Mankind Pharma MNKI.NS, which makes condoms and pain-relieving medicine, and generic drug-maker Dr Reddy's REDY.NS both attributed their revenue growths in the June quarter to new launches.

Medplus' revenue from operations rose almost 16% to 14.89 billion rupees, led by a 15.3% jump in its retail business, which accounts for nearly all of the company's total revenue.

The company did not specify the sales break-up of over-the-counter and prescription medicines.

MedPlus competes with Reliance-owned RELI.NS Netmeds and Apollo Pharmacies, both unlisted, among other retail pharmacies in the Indian over-the-counter drugs market.

($1 = 83.7200 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Janane Venkatraman)

(([email protected]; 8800437922;))

July 24 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• MEDPLUS HEALTH SERVICES - UNIT GOT 3 DAYS SUSPENSION ORDER FOR TRICHY STORE

Further company coverage: MEDP.NS

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July 5 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• RECEIVED STAY ORDER AGAINST EARLIER SUSPENSION ORDER

Further company coverage: MEDP.NS

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June 28 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• RECEIVED TWO DAYS SUSPENSION ORDER OF DRUG LICENSE FOR A STORE SITUATED AT HYDERABAD

• POTENTIAL REVENUE LOSS OF 0.15 MILLION RUPEES DUE TO THE SUSPENSION ORDER

Further company coverage: MEDP.NS

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** Shares of MedPlus Health Services MEDP.NS down 2.5% to 712.8 rupees

** Stock among few losers amid jump in broader markets .BO

** The retail pharmacy co says its unit got four days suspension order for store in Warangal, Telangana

** Stock on track to log biggest one-day drop since early-Feb

** Analysts' avg rating on stock is equivalent of "Buy", their median PT is 855 rupees, per LSEG data

** Including session's losses, stock down ~5% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

BENGALURU, May 28 (Reuters) - India's MedPlus Health Services MEDP.NS reported a rise in fourth-quarter profit on Tuesday, driven by retail sales.

MedPlus, which sells online and in retail stores, said consolidated net profit climbed 25.6% year-on-year to 333.96 million rupees ($4 million) for the three months to March 31.

Analysts expect the retail pharmaceutical sector to see strong growth in the near term and an increasing market share for organised players such as MedPlus. Store network expansion and an uptick in branded prescription medicines are expected to boost sales further.

New drug launches and improving medical infrastructure have also improved access to these medicines, driving sales of retail pharmacies.

MedPlus said revenue from operations rose nearly 19% to 14.90 billion rupees.

Revenue from its retail business, which constituted 98% of its net sales, jumped more than 18%, while revenue from its diagnostics business surged 94.6%.

Expenses rose 17.6%, mainly due to higher procurement costs of medicines it sells.

MedPlus competes with Reliance-owned RELI.NS Netmeds and Apollo Pharmacies among other retail pharmacies in the Indian OTC drugs market.

Shares of MedPlus closed 1.6% lower ahead of the result.

($1 = 83.1700 Indian rupees)

(Reporting by Kashish Tandon and Varun Hebbalalu in Bengaluru; Editing by Sohini Goswami)

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April 11 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• UNIT RECEIVED SUSPENSION ORDERS FROM DRUGS AND CONTROL AUTHORITIES

• POTENTIAL REVENUE LOSS OF SUSPENSION ORDERS AGGREGATES TO 1.7 MILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: MEDP.NS

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March 21 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• RECEIVED A SUSPENSION ORDER FROM DRUGS AND CONTROL AUTHORITIES

Source text for Eikon: ID:nNSE4MjZdG

Further company coverage: MEDP.NS

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** Shares of MedPlus Health Services MEDP.NS fall ~2% to 699 rupees

** Pharmacy retailer said its board has decided not to proceed with a fund raise, for which it had received shareholders' approval on Nov. 30

** Fund raise deferred as board decided to stall expansion plans of its diagnostics division beyond Hyderabad until pilot project turns profitable

** Avg rating of five analysts on MEDP is "strong buy;" median PT is 980 rupees - LSEG data

** Stock down 6.8% YTD after rising 22% in 2023

(Reporting by Kashish Tandon)

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MedPlus Health Services Ltd MEDP.NS:

• MEDPLUS HEALTH SERVICES LTD - UNIT GETS SUSPENSION ORDER FROM DRUGS AND CONTROL AUTHORITIES, BANGALORE

• MEDPLUS HEALTH SERVICES LTD - UNIT GETS ORDER FOR TEMPORARILY SUSPENDING OPERATIONS OF A STORE FOR 2 DAYS

Source text for Eikon: [ID:]

Further company coverage: MEDP.NS

Feb 16 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• TO DISCUSS MANAGEMENT RECOMMENDATION TO NOT PROCEED WITH APPROVAL FOR QUALIFIED INSTITUTIONAL PLACEMENT

Source text for Eikon: ID:nBSE16Z2Pm

Further company coverage: MEDP.NS

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BENGALURU, Feb 2 (Reuters) - India's MedPlus Health Services MEDP.NS reported a marginal growth in third-quarter profit on Friday, as a surge in costs and tax expenses ate into growing revenue.

The pharmacy operator and diagnostics services provider reported a consolidated net profit of 137.3 million rupees ($1.7 million) for the quarter ended Dec. 31, up 2.4% from a year earlier.

This is the slowest profit growth for the company since the March quarter in 2023.

MedPlus reported a 21% growth in its revenue from operations to 14.41 billion rupees, driven mainly by a strong performance at its retail business, which contributed 98% to the total.

Total expenses grew 20% in the quarter to 14.31 billion rupees, and tax-related costs jumped two-fold.

Shares of MedPlus, which competes with the likes of Reliance-owned RELI.NS Netmeds and Apollo Pharmacies, closed 1.2% lower ahead of results.

($1 = 82.8780 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Varun H K and Mrigank Dhaniwala)

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Jan 24 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• SUBSIDIARY COMPANY RECEIVED SUSPENSION ORDER OF DRUG LICENSE FOR ITS STORE

Source text for Eikon: ID:nBSE4glX1X

Further company coverage: MEDP.NS

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Jan 15 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• UNIT RECEIVED ORDER FROM DRUG LICENSING AUTHORITY, MAHABOOBNAGAR

• ORDER FOR SUSPENSION OF DRUG LICENSE FOR 7 DAYS

Source text for Eikon: ID:nNSEc7zHR6

Further company coverage: MEDP.NS

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Jan 11 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• UNIT RECEIVED ORDER FROM DRUG LICENSING AUTHORITY, DRUG CONTROL ADMINISTRATION, RAJAMAHENDRAVARAM

• UNIT GOT ORDER FOR SUSPENSION OF DRUG LICENSE FOR 3 DAYS

• THERE IS NO MAJOR FINANCIAL IMPACT, CO TAKING CORRECTIVE ACTION

Source text for Eikon: ID:nBSE8q1xYW

Further company coverage: MEDP.NS

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Jan 5 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• MEDPLUS HEALTH SERVICES LTD - RECEIVED ORDERS FROM DRUG SALES LICENSING AUTHORITY, DRUG CONTROL ADMINISTRATION

• MEDPLUS HEALTH SERVICES LTD - UNIT RECEIVED ORDERS DRUG CONTROL ADMINISTRATION

• MEDPLUS HEALTH SERVICES LTD - UNIT RECEIVED ORDERS DRUG CONTROL ADMINISTRATION FOR SUSPENSION OF DRUG LICENSE

Source text for Eikon: ID:nBSE7QnZFZ

Further company coverage: MEDP.NS

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Jan 2 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• RECEIVED ORDERS FROM DRUG CONTROL ADMINISTRATION FROM VARIOUS LOCATIONS

• NO MAJOR FINANCIAL IMPACT, CO TAKING CORRECTIVE ACTION

Source text for Eikon: ID:nBSE2k4t98

Further company coverage: MEDP.NS

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Dec 25 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• UNIT RECEIVED AN ORDER FROM DRUGS AND CONTROL AUTHORITY, CHENNAI, TAMIL NADU

• ORDER FOR SUSPENSION OF DRUG LICENSE

• NO MAJOR FINANCIAL IMPACT DUE TO THE ORDER

Source text for Eikon: ID:nBSE3JXDPk

Further company coverage: MEDP.NS

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Dec 22 (Reuters) - MedPlus Health Services Ltd MEDP.NS:

• - GOT ORDER FROM DRUGS AND CONTROL AUTHORITY

Source text for Eikon: ID:nBSE5HvWYy

Further company coverage: MEDP.NS

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