Family Care Hospitals Reports Mixed Financial Results for Q1 2024

May 30 2024 06:00 PM IST
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Family Care Hospitals, a microcap healthcare services company, reported its financial results for the quarter ending March 2024. While the company's Profit After Tax showed a significant growth of 560.0% year on year, the Profit Before Tax and Net Sales have declined. Investors are advised to carefully consider these mixed results before making any investment decisions.

Family Care Hospitals, a microcap healthcare services company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Family Care's performance for the quarter has remained flat, with a score of 5 compared to -4 in the previous quarter. However, there are some positive aspects to the company's financials.

The Profit After Tax (PAT) for the quarter has shown a significant growth of 560.0% year on year, reaching Rs 8.58 crore. This is the highest PAT in the last five quarters, indicating a positive trend in the company's profitability. The Earnings per Share (EPS) for the quarter also reached its highest at Rs 1.59, showing an increase in earnings for shareholders.

On the other hand, there are some areas of concern in Family Care's financials. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -68.97% year on year, reaching Rs 0.54 crore. This is the lowest PBT in the last five quarters, with a negative trend in the near term. The Net Sales for the half-yearly period have also shown a decline of -36.68% year on year, indicating a negative trend in sales.

Moreover, the company's Operating Profit (PBDIT) for the quarter has reached its lowest at Rs 0.96 crore, with a negative trend in the near term. The Non-Operating Income for the quarter is also high at 79.39% of the PBT, which may not be sustainable for the company's business model.

Overall, Family Care's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.
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