Deccan Health Care's Q1 financials show mixed results, with strong profit growth but declining sales

Jul 31 2024 06:32 PM IST
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Deccan Health Care, a microcap pharmaceutical company, has reported a flat performance for the quarter ending June 2024, with a score of 1 out of 10. However, the company's Profit After Tax has shown a strong growth, while net sales have decreased by 11.7%. Investors should carefully evaluate all factors before investing.

Deccan Health Care, a microcap pharmaceutical company, has recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Deccan Health Care's performance for the quarter has been flat, with a score of 1 out of 10. This is a significant decrease from the previous quarter's score of 9. However, there are some positive aspects to the company's financials.

One of the highlights is the Profit After Tax (PAT) for the nine-month period, which has increased to Rs 1.02 crore from the previous 12-month period's Rs 0.65 crore. This shows a strong growth in profits, as the company has already surpassed its sales from the previous year in just nine months.

On the other hand, the net sales for the quarter have fallen by 11.7% to Rs 13.19 crore, compared to the average net sales of the previous four quarters at Rs 14.93 crore. This indicates a negative trend in sales in the near term.

Despite the mixed financial results, Deccan Health Care remains a promising player in the pharmaceutical industry. Investors should carefully consider all factors before making any investment decisions.
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