Astrazeneca Pharma India's Q2 FY24-25 Results: Mixed Performance with Positive Sales and Dividends, but Decline in Net Profit.

Nov 14 2024 04:59 PM IST
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Astrazeneca Pharma India's financial results for the quarter ending September 2024 showed a flat performance with a score of 5 compared to -1 in the previous quarter. The company's dividend per share and net sales have shown positive trends, while operating cash flow and net profit have declined. MarketsMojo advises holding positions in the company's stock.
Net Profit - Quarterly: At Rs 31.93 cr has Declined at -5.7 % over average NP of the previous four quarters of Rs 33.85 Cr.Near term NP trend is negative.

Astrazeneca Pharma India, a midcap pharmaceutical company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

In the second quarter of FY24-25, Astrazeneca Phar's financial performance remained flat, with a score of 5 compared to -1 in the previous quarter. However, there are some positive aspects to the company's financials.

One of the key highlights is the company's dividend per share (DPS), which has been consistently growing over the past five years and is currently at its highest at Rs 24.00. This shows that the company is distributing higher dividends from its profits. Additionally, the net sales for the quarter were at Rs 408.00 crore, the highest in the last five quarters, indicating a positive trend in sales.

Another positive aspect is the company's profit before tax less other income (PBT), which has grown at 23.3% over the average PBT of the previous four quarters. This shows a positive trend in PBT in the near term.

However, there are some areas of concern for Astrazeneca Phar. The company's operating cash flow has been consistently falling over the past three years, with the lowest being at Rs 27.87 crore annually. This indicates that the company's cash revenues from business operations are declining.

Moreover, the net profit for the quarter has declined by -5.7% compared to the average net profit of the previous four quarters. This shows a negative trend in net profit in the near term.

Overall, Astrazeneca Pharma India's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their positions in the company's stock, as suggested by MarketsMOJO.
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