Veerhealth Care Ltd turnaround business operations; Company Reports Net Profit of Rs. 1.58 crore in FY23

Gujarat (India), May 30: Veerhealth Care Ltd – engaged in the business of ayurvedic, herbal and personal care products has successfully turnaround its business operations in FY23. Company has reported net profit of Rs. 1.58 crore and revenue from operations of Rs 13.27 crore in FY23. Company also successfully completed preferential issue of Rs. 5.90 […]

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PNN Verified Media or Organization • 11 Apr, 2026 Agency
May 30, 2023 • 12:20 PM  0
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Veerhealth Care Ltd turnaround business operations; Company Reports Net Profit of Rs. 1.58 crore in FY23
operations; Company Reports Net Profit of Rs. 1.58 crore in FY23
Gujarat (India), May 30: Veerhealth Care Ltd – engaged in the business of ayurvedic, herbal and personal care products has successfully turnaround its business operations in FY23. Company has reported net profit of Rs. 1.58 crore and revenue from operations of Rs 13.27 crore in FY23. Company also successfully completed preferential issue of Rs. 5.90 […]
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Veerhealth Care Ltd turnaround business operations; Company Reports Net Profit of Rs. 1.58 crore in FY23

Gujarat (India), May 30: Veerhealth Care Ltd – engaged in the business of ayurvedic, herbal and personal care products has successfully turnaround its business operations in FY23. Company has reported net profit of Rs. 1.58 crore and revenue from operations of Rs 13.27 crore in FY23. Company also successfully completed preferential issue of Rs. 5.90 crore to fund its expansion plans.

For FY23, company reported revenues of Rs. 13.27 crore, 38% growth YOY as against revenue of Rs. 9.62 crore in FY22. Company reported net profit of Rs. 1.58 crore in FY23 as against loss of Rs. 9.6 lakh in FY22. EPS for FY23 was Rs. 1.52 per share.

In the month of March 2023, company completed preferential allotment of 30.65 lakh equity shares of Rs. 10 each at Rs. 19.25 per share including premium of Rs. 9.25 per share amounting Rs. 5.90 crore. The funds are being utilised for the expansion of company’s manufacturing facilities, new product launches and install new manufacturing lines.

During Q4FY23, revenues of the company reported 85% growth to Rs. 3.73 crore as against revenue of Rs. 2.01 crore in Q4FY22. Company posted net profit of Rs. 1.04 crore during Q4FY23 as against loss of Rs. 34.81 lakh in Q4FY22.

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PNN Verified Media or Organization • 11 Apr, 2026 Agency

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