Max Healthcare Announces Q1 FY25 Financial Results, Stock Receives 'Hold' Call from MarketsMOJO

Max Healthcare Institute, a leading healthcare services provider in India, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Max Healthcare has seen a negative performance in the quarter, with a score of -11 compared to -5 in the previous quarter. 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, at Rs 1,542.95 crore, and the near-term sales trend is positive. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters, at Rs 387.41 crore, and the near-term trend is positive as well.

On the other hand, there are some areas of concern for Max Healthcare. The operating profit to interest ratio for the quarter was the lowest in the last five quarters, indicating a deteriorating ability to manage interest payments. The profit after tax (PAT) for the quarter has fallen by 10.6% compared to the average of the previous four quarters, and the near-term trend is very negative. The company’s interest cost has also increased by 15.20% compared to the previous quarter, indicating increased borrowings. The earnings per share (EPS) for the quarter were the lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders. Additionally, the debt-equity ratio for the half-yearly period was the highest in the last five periods, indicating increased borrowing and a potentially stressed liquidity situation.

Despite the mixed financial results, Max Healthcare remains a leading player in the healthcare services industry in India. Investors are advised to hold their positions in the company’s stock, as per the recommendation of MarketsMOJO. The company’s performance in the near future will be closely monitored by the market.