Medi Assist Healthcare Services reports strong financial performance in Q1 FY25, receives 'Hold' call from MarketsMOJO

Medi Assist Healthcare Services, a smallcap company in the miscellaneous industry, has recently announced its financial results for the quarter ending June 2024. The company has received a ‘Hold’ call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Medi Assist Ser. has shown a positive performance in the quarter, with a score of 17, an improvement from 13 in the last 3 months. This is a result of the company’s strong net sales, which have reached a record high of Rs 34.23 crore, the highest in the last five quarters. The net sales have also grown by 26.3% over the average of the previous four quarters, indicating a positive sales trend in the near term.

The company’s Profit Before Tax less Other Income (PBT) has also shown a significant growth of 32.9% over the average of the previous four quarters, reaching Rs 9.25 crore. This indicates a positive trend in the near term for PBT.

However, the company’s Profit After Tax (PAT) has fallen by -21.1% over the average of the previous four quarters, reaching Rs 8.67 crore. This is a negative trend in the near term for PAT.

Overall, Medi Assist Healthcare Services has shown a strong financial performance in the quarter ending June 2024, with positive trends in net sales and PBT. However, the decline in PAT is a cause for concern and will need to be monitored closely. Investors are advised to hold their position in the company for now, as per the recommendation of MarketsMOJO.