Q1FY24 results. Sales have increased YoY 24%, which shows tests volumes have increased, ramp up of Punjab, himachal, maharastar centers etc. But cost of material consumed has doubled. Employee expenses and other expenses, depreciation increase is obvious considering new centers are setup. Cost of setting up new centers, radiology machines cost etc are capitalized. But I think gross margins are getting eroded. Pricing pressure ? Concall will be interesting.
Gross margins 80% versus 90% YoY. It can be pathology v/s radiology mix.
| Subscribe To Our Free Newsletter |
