Medi Assist Healthcare Services Reports Positive Q2 Results, Investors Advised to Hold

Medi Assist Healthcare Services, a smallcap company in the miscellaneous industry, has recently announced its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Hold'.

According to the financial report, Medi Assist Ser. has shown positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 17 to 16 in the last three months.

The company's net sales for the quarter were the highest in the last five quarters, standing at Rs 39.48 crore. This is a positive trend for the company's near-term sales. Additionally, the net sales have grown by 32.0% over the average net sales of the previous four quarters, which were at Rs 29.90 crore.

The operating profit (PBDIT) for the quarter was also the highest in the last five quarters, at Rs 17.32 crore. This shows a positive trend for the company's near-term operating profit.

The profit before tax less other income (PBT) for the quarter was at Rs 11.68 crore, which is a growth of 36.9% over the average PBT of the previous four quarters, which was at Rs 8.53 crore. This indicates a positive trend for the company's near-term PBT.

However, the profit after tax (PAT) for the quarter has fallen by -16.6% over the average PAT of the previous four quarters, which was at Rs 12.17 crore. This is a negative trend for the company's near-term PAT.

Overall, Medi Assist Healthcare Services has shown positive financial performance in the second quarter of the fiscal year 2024-25. The company's net sales and operating profit have seen a positive trend, while the PAT has shown a negative trend. Investors are advised to hold their stocks in the company, as recommended by MarketsMOJO.