Lincoln Pharmaceuticals' Q2 financials show mixed performance, net sales at 5-quarter high.

Nov 16 2024 05:05 PM IST
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Lincoln Pharmaceuticals, a smallcap company in the pharmaceuticals and drugs industry, reported its financial results for the quarter ending September 2024. The company's net sales were the highest in the last five quarters, but its PBT decreased by 11.99% compared to the same quarter last year. MarketsMojo recommends holding the stock.

Lincoln Pharmaceuticals, a smallcap company in the pharmaceuticals and drugs industry, recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Hold'.

According to the financial report, Lincoln Pharma. has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 4 to -2 in the last three months. However, there are some positive aspects to the company's financials.

The net sales for the quarter were the highest in the last five quarters, standing at Rs 161.21 crore. This shows a positive trend in the near term sales for the company. However, there are also some areas that need improvement.

The Profit Before Tax less Other Income (PBT) for the quarter was Rs 24.80 crore, which is a decrease of 11.99% compared to the same quarter last year. The near term trend for PBT is also negative.

Overall, Lincoln Pharmaceuticals has shown a mixed performance in the recent quarter. Investors are advised to hold their positions in the company's stock, as recommended by MarketsMOJO.
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