Dr Agarwal's Eye Hospital Reports Mixed Financial Results Amid Rising Interest Expenses in December 2024

Feb 14 2025 08:22 PM IST
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Dr Agarwal's Eye Hospital has announced its financial results for the quarter ending December 2024, showing a year-on-year sales growth of 25.23% to Rs 95.11 crore. However, rising interest expenses and a decline in profit before tax indicate challenges in managing financial stability and profitability.
Dr Agarwal's Eye Hospital has recently reported its financial results for the quarter ending December 2024, revealing a mixed performance within the Hospital & Healthcare Services industry. The company's net sales reached Rs 95.11 crore, reflecting a year-on-year growth of 25.23%, indicating a positive trend in sales for the near term.

However, the financial results also highlight some challenges. The interest expense for the half-yearly period has risen significantly to Rs 7.52 crore, marking a growth of 48.62% compared to the previous half-year. This increase in interest costs suggests a rise in borrowings, which could impact the company's financial stability. Additionally, the operating profit to interest ratio has reached its lowest point in five quarters at 6.65 times, indicating a potential strain on the company's ability to manage its interest payments effectively. Furthermore, the profit before tax, excluding other income, has also declined to Rs 11.75 crore, the lowest in the last five quarters, suggesting a negative trend in profitability.

In light of these developments, Dr Agarwal's Eye Hospital has experienced an adjustment in its evaluation, reflecting the complexities of its current financial landscape.

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