Family Care Hospitals Reports Mixed Financial Results

Oct 27 2023 12:00 AM IST
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Family Care Hospitals, a microcap company in the healthcare industry, reported a 4.19% growth in net sales for the September quarter, but a decrease in standalone net profit and operating profit. Interest expenses also saw a significant decrease. The company's operating profit margin has fallen, but net sales have shown a positive trend. However, the company's operating cash flow has been consistently declining. MarketsMojo has given a 'Sell' call for the stock, with a score of -1 in the last three months.

Family Care Hospitals, a microcap company in the hospital and healthcare services industry, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a growth of 4.19% compared to the previous quarter, which had a decline of 12.79%. However, the standalone net profit for the quarter saw a decrease of 5.97% compared to a growth of 3.08% in the previous quarter.

The operating profit (PBDIT) excluding other income also saw a decline of 11.45% in the September quarter, compared to a growth of 3.18% in the previous quarter. The interest expenses for the company also saw a significant decrease of 48.28% in the September quarter, compared to a growth of 141.67% in the previous quarter.

The operating profit margin (excluding other income) for the September quarter has fallen from the previous quarter. However, Family Care has shown a positive trend in its net sales for the past nine months, with a growth of 22.39% year on year. On the other hand, the company's operating cash flow has been consistently falling over the past three years, with the lowest being at Rs -5.26 crore annually.

Despite the mixed financial performance, MarketsMOJO has given a 'Sell' call for Family Care's stock. The company's score has also fallen from 4 to -1 in the last three months. Investors should carefully consider these factors before making any investment decisions.
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