Medico Intercontinental's Q1 2024 Financial Results Show Mixed Performance
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 has been flat, with a score of -3 compared to 0 in the previous quarter. However, there are some positive aspects to the company's financials.
The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs 1.54 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax less other income (PBT) for the quarter was the highest in the last five quarters at Rs 1.30 crore, with a positive near-term trend. The profit after tax (PAT) for the quarter was also the highest in the last five quarters at Rs 1.04 crore, with a positive near-term trend. 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 quarter were at Rs 15.70 crore, which is a decrease of 25.8% compared to the average net sales of the previous four quarters at Rs 21.17 crore. The near-term trend for net sales is also very negative.
Overall, Medico Intercontinental's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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