New Delhi, August 2, 2024 – Vasa Denticity Ltd. (formerly Vasa Denticity Private Limited), a leading provider of dental products through its renowned platform Dentalkart, announced its financial results for the first quarter ending June 30, 2024. The company has showcased remarkable growth and continues to solidify its position in the dental industry.
Key Financial Highlights for Q1 FY 2024-25:
– Revenue from Operations: Rs 5,406.27 lakhs, an increase of 52.07% YoY from Rs 3,556.16 lakhs in Q1 FY 2023-24.
– Total Income: Rs 5,438.01 lakhs, up from Rs 3,569.88 lakhs, marking a 52.25% YoY growth.
– Total Expenses: Rs 4,979.88 lakhs, a 52.99% increase YoY from Rs 3,254.78 lakhs.
– Profit before Tax (PBT): Rs 458.13 lakhs, up by 45.41% YoY from Rs 315.10 lakhs.
– Profit After Tax (PAT): Rs 341.84 lakhs, an increase of 34.15% YoY from Rs 254.76 lakhs.
– Earnings Per Share (EPS): Rs 2.13, a 15.76% increase from Rs 1.84.
Dr. Vikas Agarwal, CEO of Vasa Denticity Ltd., stated, “We are thrilled to report our best first-quarter results to date, with substantial year-over-year growth in revenue and profitability. This robust performance reflects our relentless commitment to innovation and our strategic focus on expanding our product offerings to meet the evolving needs of dental professionals worldwide.”
Sandeep Aggarwal, Co-founder and Executive Director, added, “Our efforts in strengthening our supply chain and enhancing customer experiences have paid off handsomely. The impressive growth in revenue and profits underscores the effectiveness of our strategies and the hard work of our dedicated team.”
Mr Akash bairwa, Supply chain Manager, commented, “The significant increase in our operational efficiencies and strategic procurement initiatives has contributed to our strong financial performance. We will continue to focus on optimizing our processes to sustain this positive momentum.”
The management remains optimistic about the future and is committed to driving further growth. The company aims to expand its market presence and invest in innovative solutions to cater to the needs of dental professionals. Vasa Denticity Ltd. is also dedicated to upskilling dentists across India, fostering a community of excellence and continuous learning.
About Vasa Denticity Ltd.:
Vasa Denticity Ltd. (formerly known as Vasa Denticity Private Limited) operates under the brand Dentalkart, providing a wide range of dental products to professionals globally. The company is listed on the stock market in India and is committed to delivering high-quality dental solutions and supporting the professional development of dentists.
