Artemis Medicare Services Reports Positive Financial Results for Q2 FY25

Nov 18 2024 12:54 PM IST
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Artemis Medicare Services, a smallcap company in the hospital and healthcare services industry, has reported positive financial results for the quarter ending September 2024. The company has shown improvement in managing interest payments and has seen significant growth in Profit After Tax and Net Sales. However, the Non Operating Income may not be sustainable. MarketsMojo has a 'Hold' stance for investors.

Artemis Medicare Services, a smallcap company in the hospital and healthcare services industry, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 18 compared to 12 in the previous quarter.


One of the key highlights of the financial results is the company’s ability to manage interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 5.30 times. This shows an improvement in the company’s financial management.


The Profit After Tax (PAT) for the quarter has also seen a significant growth of 59.0% compared to the average PAT of the previous four quarters. This indicates a positive trend in the company’s profitability in the near term.


The Net Sales for the quarter have also been the highest in the last five quarters, showing a positive trend in the company’s sales performance. The Operating Profit (PBDIT) has also seen a positive trend, being the highest in the last five quarters.


The company’s efficiency has also improved, with the Operating Profit Margin being the highest in the last five quarters at 17.50%. The Profit Before Tax less Other Income (PBT) has also shown a positive trend, being the highest in the last five quarters.


However, the Non Operating Income for the quarter has been the highest in the last five quarters, which may not be sustainable as it comes from non-business activities.


Overall, Artemis Medicare Services has shown a positive financial performance in the quarter ending September 2024. The stock call by MarketsMOJO for the company is ‘Hold’, indicating a neutral stance for investors.


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