The Income-tax department has conducted searches at the premises of Metropolis Healthcare in Mumbai that runs medical diagnostic centres. The searches were done as part of a tax evasion investigation, as per sources. The locations of the company in Mumbai are being covered, they said. A response from the company is awaited.
The company is a prominent player in the medical tests and diagnostics business domain.
Last week, the company reported a consolidated profit after tax of ₹40.5 crore for the second quarter ended September 30. The company had reported a profit after tax of ₹58.4 crore in the year-ago period.
Its revenue from operations fell marginally to ₹300.3 crore during the period under review from ₹302.6 crore a year ago. In a statement, Metropolis Healthcare said its wellness revenue during the quarter increased by 40 per cent year-on-year to ₹33 crore. Specialised tests contributed 40 per cent to the non-Covid revenue during Q2, it had added.
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