Kilitch Drugs Reports Positive Growth in Financials for Q1 2024
Kilitch Drugs (India) has released its financial results for the quarter ended March 2024, with a 'Hold' call from MarketsMojo. The company's performance has remained stable, with a flat score of 3. However, there are positive trends in PAT and PBT, indicating a promising near-term outlook.
Kilitch Drugs (India), a microcap pharmaceutical company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO, a leading financial analysis platform.According to the financial report, Kilitch Drugs has shown a flat performance in the quarter, with a score of 3 compared to -5 in the previous quarter. However, there are some positive trends that can be seen in the company's financials.
One of the key highlights is the growth in Profit After Tax (PAT) for the nine-month period, which has increased by 34.45% year on year to Rs 11.24 crore. The near-term trend for PAT is also positive.
Another positive aspect is the growth in Profit Before Tax less Other Income (PBT) for the quarter, which has increased by 36.0% compared to the average PBT of the previous four quarters. This indicates a positive trend in the near term for PBT.
Overall, Kilitch Drugs has shown a stable financial performance in the quarter ended March 2024. Investors are advised to hold their positions in the company's stock, as suggested by MarketsMOJO.
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