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Consolidated net profit rose to 555 million Indian rupees ($6.31 million) for the quarter ended September 30, up from 387 million rupees a year ago.

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Total revenue rose 6.5% to 16.79 billion Indian rupees ($191.02 million).

The company, which operates over 4,200 pharmacies in India, has been expanding into smaller cities and plans to open 600 new stores by the end of this fiscal year.

MedPlus is benefitting from growing demand for its high-margin private label products in both the pharmaceuticals and consumer wellness categories.

The pharmacy chain is also offering online sale and at-home delivery of medicines, keeping up with the growing appetite for convenience among Indian customers.

($1 = 87.8950 Indian rupees)

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This article first appeared on GuruFocus.

Nvidia (NASDAQ:NVDA) said it will supply more than 260,000 of its new Blackwell AI chips to South Korea’s government and major companies, a move aimed at boosting the country’s AI infrastructure.

The package includes about 50,000 chips earmarked for a national AI computing center, while Samsung Electronics, SK Group and Hyundai Motor Group are set to receive up to 50,000 chips each to power smart factories and advanced manufacturing initiatives. Naver plans to buy roughly 60,000 chips to expand cloud and AI services.

The announcement came after Nvidia CEO Jensen Huang met South Korean President Lee Jae Myung and industry leaders at the APEC CEO Summit in Gyeongju, underscoring closer commercial ties between the U.S. chipmaker and Korea’s tech and auto sectors.

Analysts say the deal helps Nvidia diversify sales beyond China amid export restrictions and accelerates South Korea’s push to become a regional AI hub by scaling compute capacity across government and private cloud platforms.