Medico Remedies Announces Robust Financial Performance For Q2 FY 2024

Haresh Mehta, Chairman of Medico Remedies Limited, said, “We are pleased with our financial results for the second quarter. Despite challenging market conditions, we have managed strong revenue and profit performance. We are well-positioned to benefit from the opportunities the fast-growing pharmaceuticals business offers and are confident of improving our financial performance in the coming quarters.”

Medico Remedies is focused on expanding its market presence and is actively pursuing growth opportunities within the sector. It remains committed to providing high-quality medicines and healthcare solutions at affordable prices.

Headquartered in Mumbai, Medico Remedies is a leading player in the pharmaceutical sector with manufacturing and marketing capabilities in formulation with a focus on anti-infective, beta-lactams, cephalosporins, antimalarial, antiretroviral, anti-ulcer drugs and antacids, vitamins, haematinics and other supplements.

Medico Remedies also has manufacturing capabilities in other drugs such as NSAIDs, antihistaminics, anti-diabetics, cardiovascular drugs, diuretics, anti-epileptics, combination drug kits, syrups, creams and gels for various therapeutic segments. Established in 1994, the company is known for its commitment to innovation, quality assurance and customer satisfaction.

Medico Remedies’ market cap stood at Rs. 424.55 crore as of Monday, December 23. The company’s shares closed at Rs. 51.16 on the BSE.

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