Mercury Labs Reports Decline in Q1 FY25 Financial Results, Remains Committed to Improvement
Mercury Laboratories, a microcap pharmaceutical company, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Mercury Labs has seen a negative performance in the quarter, with a score of -6 compared to 8 in the previous quarter. This decline can be attributed to various factors, including a significant decrease in Profit After Tax (PAT) and Net Sales.
The company’s PAT for the quarter was at Rs 0.34 crore, which is a decrease of 76% from the average PAT of the previous four quarters. Similarly, the Net Sales for the quarter were at Rs 16.68 crore, a decrease of 11.7% from the average of the previous four quarters. This trend is expected to continue in the near term.
Mercury Labs also saw a decline in its Operating Profit (PBDIT) and Profit Before Tax less Other Income (PBT) for the quarter, with both being at their lowest in the last five quarters. The company’s Earnings per Share (EPS) also saw a decline, indicating a decrease in profitability and lower earnings for shareholders.
Despite these negative financial results, Mercury Laboratories remains a strong player in the pharmaceutical industry. The company is committed to improving its performance and is constantly working towards achieving its goals. Investors are advised to hold their stocks and monitor the company’s progress in the coming quarters.
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