Narayana Hrudaya Reports Negative Financial Performance in Q3 2024

Narayana Hrudaya, a leading hospital and healthcare services company, has recently announced its financial results for the quarter ending September 2024. The company has reported a negative financial performance for the quarter, with a score of -11 compared to -8 in the previous quarter.

Despite this, 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 1,400.01 crore. The near-term sales trend is also positive. Additionally, the operating profit (PBDIT) for the quarter was also the highest in the last five quarters, at Rs 308.43 crore. The near-term trend for operating profit is also positive.

However, there are some areas of concern for Narayana Hrudaya. The operating profit to interest ratio for the quarter was the lowest in the last five quarters, at 8.78 times. This ratio has been falling each quarter, indicating a deteriorating ability to manage interest payments. The company's interest cost has also increased by 30.28% over the previous half-yearly period, indicating a rise in borrowings.

Based on these financial results, MarketsMOJO has given a stock call of 'Sell' for Narayana Hrudaya. Investors should carefully consider these factors before making any investment decisions.