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    TTK Healthcare Q2 Results: Profit more than doubles on higher sales of medical devices

    Synopsis

    The rising prevalence of chronic medical conditions has led to development of various advanced medical treatments, resulting in higher demand for medical devices.Revenue from operations rose 12.8% to 1.7 billion rupees, helped by a 14.7% increase in revenue in its medical devices segment.

    TTK Healthcare Q2 Results: Profit more than doubles on higher sales of medical devices
    India's TTK Healthcare Ltd reported a more than two-fold rise in quarterly profit on Friday, boosted by higher sales of medical devices and contraceptives.

    Profit from continuing operations rose to 79.1 million Indian rupees ($959,625.37) for the three months ended Sept. 30, from 37.5 million rupees a year earlier.

    Shares of the company rose nearly 3% to hit a two-week high.

    The rising prevalence of chronic medical conditions has led to development of various advanced medical treatments, resulting in higher demand for medical devices.

    Revenue from operations rose 12.8% to 1.7 billion rupees, helped by a 14.7% increase in revenue in its medical devices segment.

    Revenue from its protective devices segment, which houses its Skore condom brand, climbed nearly 33% as it launched new products. Recently, it also won a contract to supply contraceptive devices to an international agency till July 2023.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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