Albert David Reports Positive Financial Results for Q1 2024, Hold Call by MarketsMOJO
Albert David, a microcap pharmaceutical company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Albert David has shown a positive performance in the quarter, with a score of 9 out of 10. This is a slight decrease from the previous quarter, where the company had a score of 10.
One of the major highlights of the financial report is the significant growth in Profit After Tax (PAT) for the quarter. The company's PAT has increased by 246.1% year on year, reaching Rs 12.91 crore. This is a positive trend for the company in the near term.
However, the report also highlights a concern regarding the company's Non Operating Income, which is 57.65% of the Profit Before Tax (PBT). This indicates that a significant portion of the company's income is coming from non-business activities, which may not be a sustainable business model in the long run.
Overall, Albert David has shown a positive financial performance in the quarter ending March 2024. Investors are advised to hold their stocks, as per the recommendation by MarketsMOJO.
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