Aster DM Healthcare Reports Mixed Financial Results for Q1 2024.

May 29 2024 06:01 PM IST
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Aster DM Healthcare has announced its financial results for the quarter ended March 2024, with a flat performance and a 'Sell' call from MarketsMojo. While the PBT and Net Sales have shown significant growth, the PAT has decreased. Investors should carefully evaluate these mixed results before making any decisions.

Aster DM Healthcare, a midcap healthcare services company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Aster DM Health. has seen a flat performance in the quarter, with a score of 1 out of 8 in the last 3 months. However, there are some positive aspects to the company's financials.

The Profit Before Tax less Other Income (PBT) for the quarter has shown a significant growth of 221.99% Year on Year (YoY), reaching Rs 112.16 crore. This indicates a very positive trend in the near term. Additionally, the Net Sales for the quarter have also shown a growth of 20.65% YoY, reaching Rs 973.59 crore. This suggests a positive trend in the near term for sales.

On the other hand, the Profit After Tax (PAT) for the quarter has fallen by -97.6% YoY, reaching Rs 1.32 crore. This shows a very negative trend in the near term for PAT.

Overall, the financial results for the quarter ended March 2024 for Aster DM Healthcare have been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any decisions regarding the company's stock.
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