Medico Intercontinental Reports Mixed Financial Results for Q1 2024
Medico Intercontinental, a microcap finance company, reported its financial results for the quarter ending March 2024. While the company's operating profit and profit after tax were the highest in the last five quarters, its net sales for the half-yearly period showed a decline. Investors should carefully evaluate these mixed results before making any investment decisions.
Medico Intercontinental, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.According to the financial report, Medico Intercontinental's performance for the quarter was flat compared to the previous quarter. However, there has been an improvement in the company's score, which has increased from -3 to 0 in the last three months.
The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs 1.62 crore. The near-term trend for operating profit is positive. Similarly, the profit before tax less other income (PBT) was also the highest in the last five quarters at Rs 1.36 crore, with a positive trend in the near term. The profit after tax (PAT) for the quarter was also the highest in the last five quarters at Rs 1.08 crore, with a positive trend in the near term. This indicates that the company has been able to increase its profitability and create higher earnings for its shareholders.
However, the net sales for the half-yearly period ending March 2024 have shown a decline of -36.33% year on year, with a negative trend in the near term. This is an area of concern for the company.
Overall, Medico Intercontinental's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative trends. Investors should carefully consider these factors before making any investment decisions.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
