Vijaya Diagnostic hits new high, stock up 65% in 4 months on strong Q2 nos

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Vijaya Diagnostic hits new high, stock up 65% in 4 months on strong Q2 nos - Business Standard

Quick Summary:

In Q2 the company delivered impressive 31.8% YoY revenue growth, of which 23.0% was organic, driven primarily by volume, with contributions coming from both its existing and newly launched centres.

Even after significant technology costs, the company is able to protect the EBITDA, according to JM Financial Institutional Securities.

The continuous investment in technology - Vijaya has recently invested ~Rs 4 crore in IT systems to strengthen their technological backbone.