Artemis Medicare Reports Mixed Financial Results with Strong Inventory Management and Concerns on Non-Operating Income

Artemis Medicare Services has recently reported its financial results for the quarter ending December 2024, showcasing a mix of positive developments and areas of concern. The company has experienced a notable performance in its inventory turnover ratio, achieving a high of 90.41 times over the last five half-year periods, indicating an efficient inventory management strategy. Additionally, the profit after tax (PAT) for the quarter stands at Rs 20.67 crore, reflecting a growth of 27.9% compared to the average PAT of the previous four quarters.
On the balance sheet front, Artemis Medicare has maintained a low debt-equity ratio of 0.40 times, suggesting a prudent approach to borrowing relative to its equity capital. However, the company has also reported its highest non-operating income in the last five quarters at Rs 8.80 crore, raising questions about the sustainability of this income stream, as it stems from non-business activities.

In light of these developments, there has been an adjustment in evaluation for Artemis Medicare, reflecting the complexities of its financial landscape.

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