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Prevest DenPro has reported a net profit of Rs 3.59 crore in the third quarter of FY23, an increase of 8 per cent QoQ, the company informed the exchange in a regulatory filing. The company’s net profit in the September quarter stood at Rs 3.33 crore. The net profit in the October-December quarter of FY22 was Rs 3.75 crore.
The Jammu-based dental products manufacturer’s net sales increased to Rs 12.6 crore during the December quarter as compared to Rs 11.41 crore during the same quarter a year ago. In the July-September quarter of FY23, the company’s net sales stood at Rs 11.44 crore.
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Its total expenses during the quarter under review rose to Rs 74.8 crore from Rs 66.6 crore a year ago period.
Meanwhile, the company’s new R&D centre, set up at an investment of $1.45 million, has become operational. The facility is spread across 16,000 sq ft. The company in 2022 was named among the 5 top performing SME companies listed on BSE in the year 2021-22.
Established by Atul Modi and Namrata Modi in 1999, Prevest DenPro supplies products to more than 80 countries.
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The stock finished at Rs 334 apiece on BSE on Wednesday. It had yielded a whopping 77 per cent return since listing in October 2021, resulting in wealth gain for investors. The stock’s 52-week range is Rs 494.50 – Rs 267. The company has a market capitalization of Rs 400 crore
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