Business

MedPlus Gains Nearly 20% On Credit Suisse Upgrade To ‘Outperform’

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Shares of MedPlus Health Ltd. gained the most since listing after Credit Suisse upgraded its rating to ‘outperform’ citing strong network expansion.

The Hyderabad-based company’s profit in the quarter-ended September fell 68% to Rs 7 crore.

Key Highlights Q2 FY23 (Consolidated, YoY)

  • Revenue up 21% at Rs 1,121 crore.

  • Ebitda down 4% at Rs 60 crore.

  • Margins at 5.3% versus 6.7%.



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