Blue Jet Health Reports Positive Financial Results for Q3 2024, Receives 'Buy' Call from MarketsMOJO.

Oct 31 2024 04:48 PM IST
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Blue Jet Health, a midcap company in the medical equipment/supplies/accessories industry, has reported a positive performance in the quarter ending September 2024. The company's Profit After Tax has increased by 41.8% and Net Sales have reached a five-quarter high. The company's financial results have received a 'Buy' call from MarketsMojo.

Blue Jet Health, a midcap company in the medical equipment/supplies/accessories industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a score of 8 compared to -9 in the previous quarter.

One of the key highlights of the financial results is the growth in Profit After Tax (PAT) which has increased by 41.8% to Rs 58.35 crore compared to the average PAT of the previous four quarters which was Rs 41.14 crore. This shows a very positive trend in the near term for the company.

The company has also seen a growth in Net Sales, which is the highest in the last five quarters at Rs 208.26 crore. This indicates a positive trend in the near term for the company's sales. Similarly, the Operating Profit (PBDIT) and Profit Before Tax less Other Income (PBT) have also shown a positive trend in the near term, with the highest figures in the last five quarters.

Blue Jet Health has also shown an increase in Earnings per Share (EPS), which is the highest in the last five quarters. This indicates that the company has been able to create higher earnings for its shareholders.

However, there is one aspect that is not working in favor of the company, which is the Non Operating Income. While it has shown an increase in this quarter, it may not be sustainable in the long run as it comes from non-business activities.

Overall, the financial results of Blue Jet Health for the quarter ending September 2024 have been positive and have received a 'Buy' call from MarketsMOJO. With a strong performance in key areas, the company is on track for growth and success in the medical equipment/supplies/accessories industry.
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