HY1-Q2FY23-24 Financial Results
HY1-Q2FY23-24 Earning Call Audio
HY1-Q2FY23-24 Earning Call Transcript
Prevest DenPro Limited today announced that the U.S. Food and Drug Administration (FDA) has approved four of its products falling in the category of Dental Cavity Liners. Prevest DenPro Limited is the 1st Indian dental manufacturer who has received USFDA approvals for its products. The products are which have been recently approved in the category of Cavity Liners are CalUltra, Cal LC, Apacal ART and Calcigel. All these products are calcium hydroxide base cavity liners highly useful for endodontic treatment worldwide.
With the approval of these products our product portfolio has widened and we have better marketing prospects in the USA market. As an organization committed to expand its market globally, this approval will enable us to serve the international market especially US Market with a bigger product portfolio. The approval is also an endorsement of our commitment to comply with global manufacturing standards and regulations. Prevest DenPro Limited is committed to continue its efforts in developing newer innovative products and expanding business globally to make it a truly a world class dental company.
Earnings Presentation- PREVEST -Q3FY22
Prevest DenPro Earnings Invite (1) (1)
Prevest DenPro announces robust 9MFY22 results, reports PAT of Rs 9.11 Cr.
New Delhi: Prevest Denpro Limited (BSE Code: 543363), a leading homegrown manufacturer of dental materials, has announced its 9 months results for Fiscal Year 2022.
Jammu based Prevest DenPro was listed on BSE SME platform in September 2021. Established in 1999, the company has a successful track record of more than two decades in manufacturing over 100 dental products with export to more than 80 countries worldwide, which contributes 60% to the revenue.
Financial Highlights for the 9MFY2022:
* Total Revenue of Rs 29.54 crores
* EBITDA of Rs 12.91 crores
* Profit After Tax of Rs 9.11 crores
* EPS of Rs 7.59 per share
Financial Highlights for Q3FY2022:
* Total Revenue of Rs 11.79 crores
* EBITDA of Rs 5.26 crores
* Profit After Tax of Rs 3.75 crores
* EPS of Rs 3.13 per share
Commenting on the company's financial performance, Mr Atul Modi, Chairman and Managing Director of Prevest DenProsaid, "with our continuous efforts in the development of new products, aggressive marketing and brand promotion, our company continues to report strong financials with a healthy topline and bottom line.
The company has a strong network of more than 90 international dealers in more than 80 countries of Europe, South America, Middle East, Africa and Asia. We are making continuous efforts to spread our business in other countries.
The company also obtained USFDA approval for their dental cements products and expects to receive approval for a few more products very soon. The company has also received MDSAP Certification and now it can export the products to Canada and Brazil. We expect to sell our products in USA, Canada, and Brazil in the near future.
The company has obtained Saudi FDA approval and has already started exporting to Saudi Arabia where the products have been well accepted and we aim for a sizeable business coming from Saudi Arabia.
The company has undertaken expansion or modernization of existing factory, setting up a state-of-the-art research center, diversification into manufacture of oral hygiene, oral care products, and biomaterials such as bone grafting materials and membranes which will immensely contribute to the revenue of the company and enhance its market position.”
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As a recognition for the outstanding export performance by the company, Prevest DenPro Limited received “Gold Trophy” Northern Region Export Excellence Award conferred by Hon’ble Minister of State for Commerce and Industries Sh. Som Parkash today in a function organized by Federation of Indian Exporters Organisation (FIEO) at Jalandhar. Mr. Atul Modi Managing Director and Mrs. Namrata Modi Executive Director represented the company and jointly received the prestigious award.
Prof. Dr. O.P. Kharbanda applauds Prevest DenPro for Make in India initiative while launching three new products in the presence of eminent personalities in the dental health care sector.
Prevest DenPro Limited launched three ingenious biomaterials in the presence of eminent personalities in the dental health care sector. Prof. Dr. O.P. Kharbanda who presently occupies the Dr. C G Pandit national chair of the Indian Council for Medical Research graced the occasion as the chief guest. He appreciated the company’s make in India efforts and acknowledged their constant thrust to develop innovative dental materials indigenously. The event was also attended by Dr. Rakesh Kumar Gupta, Principal Indira Gandhi Govt. Dental College, Jammu along with other faculty members. The dignitaries unveiled the products and appreciated their clinical importance.
Dr. Sai Kalyan, Director (R&D)apprised the audience about the salient features of the newly launched products. These innovative materials for endodontic, restorative and orthodontic applications were developed by in-house research and development team of Prevest DenPro Limited. This launch makes Prevest DenPro the 1st Indian dental company to develop such products with indigenous technology. After the launch ceremony all the dignitaries toured the manufacturing facility and the management explained the various stages of manufacturing process. They were highly impressed with the manufacturing facilities established by the company and expressed appreciation for the efforts made by the management of Prevest DenPro and their vision for growth.
On behalf of the management Mr. Atul Modi Managing Director and Mrs. Namrata Modi Executive Director thanked Dr. O. P. Kharbanda and Dr. Rakesh Kumar Gupta, Principal IGGDC, Jammu and other dignitaries for sparing their valuable time to the grace the occasion and support the make in India efforts by an Indian manufacturer.
Products Launched:
Prevest DenPro products approved by Saudi FDA. Prevest DenPro's competitive strengths lie in wide sales and distribution network, comprehensive product portfolio of over 100 dental products, experienced management with strong domain knowledge, track record of robust financial performance, collaboration with reputed dental universities and institutions for technical knowledge & research. This will in turn help in achieving greater support from our consumers at Saudi Arabia.
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