Entero Healthcare Solutions Ltd Share Price – NSE  /  BSE

Retail, Small Cap

Atam Valves Ltd, Ashiana Housing Ltd, Exicom Tele-Systems Ltd and Krystal Integrated Services Ltd are among the other gainers in the BSE's 'B' group today, 12 April 2024.

Entero Healthcare Solutions Ltd surged 20.00% to Rs 1202 at 12:02 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 26418 shares were traded on the counter so far as against the average daily volumes of 6015 shares in the past one month.

Atam Valves Ltd soared 16.57% to Rs 221.3. The stock was the second biggest gainer in 'B' group. On the BSE, 21422 shares were traded on the counter so far as against the average daily volumes of 4879 shares in the past one month.

Ashiana Housing Ltd spiked 14.35% to Rs 348.6. The stock was the third biggest gainer in 'B' group. On the BSE, 1.88 lakh shares were traded on the counter so far as against the average daily volumes of 7713 shares in the past one month.

Exicom Tele-Systems Ltd gained 12.05% to Rs 246.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 11.6 lakh shares were traded on the counter so far as against the average daily volumes of 2.02 lakh shares in the past one month.

Krystal Integrated Services Ltd spurt 11.08% to Rs 947.7. The stock was the fifth biggest gainer in 'B' group. On the BSE, 99461 shares were traded on the counter so far as against the average daily volumes of 1.07 lakh shares in the past one month.

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Revenue from operations Rs 992.6 crore in Q3 FY24 as compared with Rs 829.02 crore posted in corresponding quarter last year.

Profit before tax stood at Rs 8.23 crore in Q3 FY24, steeply higher than Rs 2.48 crore posted in Q3 FY23.

During the quarter, EBITDA jumped 54% to Rs 28.6 crore as compared with Rs 18.6 crore in Q3 FY23. EBITDA margin expanded by 64 bps to 2.9% in Q3 FY24 as against 2.2% in Q3 FY23.

Meanwhile, the company will acquire balance 12,00,000 equity shares (representing 15% paid up equity share capital) from erstwhile promoters of Getwell Medicare Solution Private and thereby making Getwell a wholly-owned subsidiary of the company.

The company will acquire 15% stake for total consideration of Rs 120 crore.

Prabhat Agrawal, promoter, managing director and CEO, said, “delivering strong results as we capitalize on the differentiated value proposition that we bring to our customers as well healthcare product companies in this extremely fragmented supply chain market.

As we look ahead to the rest of our fiscal year, we are focused on executing on our growth levers and capturing multiple opportunities through our wide geographic network, technology driven approach and strong execution team.

With our current robust balance sheet post IPO we are well-positioned to expand our business, capitalize on future growth opportunities and continue to add value to the entire healthcare ecosystem. We are confident that our experienced and capable management team, coupled with our differentiated business model and robust strategies, will drive sustainable growth and create long-term value for our shareholders.

The shares of Entero Healthcare Solutions were listed on bourses at Rs 1,245, exhibiting a discount of 1.03% to the issue price of Rs 1,258.

Entero Healthcare Solutions is a distributor of healthcare products in India. The company‘s technology-driven platform provides healthcare product distribution services to pharmacies, hospitals, and clinics throughout India.

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Revenue from operations Rs 992.6 crore in Q3 FY24 as compared with Rs 829.02 crore posted in corresponding quarter last year.

Profit before tax stood at Rs 8.23 crore in Q3 FY24, steeply higher than Rs 2.48 crore posted in Q3 FY23.

During the quarter, EBITDA jumped 54% to Rs 28.6 crore as compared with Rs 18.6 crore in Q3 FY23. EBITDA margin expanded by 64 bps to 2.9% in Q3 FY24 as against 2.2% in Q3 FY23.

Meanwhile, the company will acquire balance 12,00,000 equity shares (representing 15% paid up equity share capital) from erstwhile promoters of Getwell Medicare Solution Private and thereby making Getwell a wholly-owned subsidiary of the company.

The company will acquire 15% stake for total consideration of Rs 120 crore.

Prabhat Agrawal, promoter, managing director and CEO, said, “delivering strong results as we capitalize on the differentiated value proposition that we bring to our customers as well healthcare product companies in this extremely fragmented supply chain market.

As we look ahead to the rest of our fiscal year, we are focused on executing on our growth levers and capturing multiple opportunities through our wide geographic network, technology driven approach and strong execution team.

With our current robust balance sheet post IPO we are well-positioned to expand our business, capitalize on future growth opportunities and continue to add value to the entire healthcare ecosystem. We are confident that our experienced and capable management team, coupled with our differentiated business model and robust strategies, will drive sustainable growth and create long-term value for our shareholders.

The shares of Entero Healthcare Solutions were listed on bourses at Rs 1,245, exhibiting a discount of 1.03% to the issue price of Rs 1,258.

Entero Healthcare Solutions is a distributor of healthcare products in India. The company‘s technology-driven platform provides healthcare product distribution services to pharmacies, hospitals, and clinics throughout India.

The scrip rallied 5.85% to end at Rs 1,093.40 on Thursday, 7 March 2024.

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Net profit of Entero Healthcare Solutions rose 104.83% to Rs 6.78 crore in the quarter ended December 2023 as against Rs 3.31 crore during the previous quarter ended December 2022. Sales rose 19.73% to Rs 992.63 crore in the quarter ended December 2023 as against Rs 829.03 crore during the previous quarter ended December 2022.

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