P & G Health Ltd Reports Negative Performance in Q1 2024 Financial Results

May 02 2024 11:15 PM IST
share
Share Via
P & G Health Ltd, a midcap pharmaceutical company, has reported a negative performance in the quarter ending March 2024, with a decline in net sales and profit after tax. The company's debtors turnover ratio has also been consistently falling, indicating a slowdown in settling debts.

P & G Health Ltd, a midcap pharmaceutical 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, P & G Health Ltd has seen a negative performance in the quarter, with a score of -11 compared to -4 in the previous 3 months. This decline can be attributed to various factors.

One of the major concerns for the company is the decrease in net sales, which have fallen by -21.33% year on year. This trend is expected to continue in the near term. Similarly, the profit after tax (PAT) has also decreased by -21.3% year on year, indicating a negative trend in the company's profitability. The profit before tax (PBT) has also seen a decline of -17.82% year on year.

Another area of concern for P & G Health Ltd is its debtors turnover ratio, which has been consistently falling in the last five half-yearly periods. This indicates a slowdown in the company's pace of settling its debtors.

In the last five quarters, the company's net sales have been at its lowest at Rs 252.48 crore, further highlighting the negative trend in its sales performance.

Overall, the financial results for the quarter ending March 2024 have not been favorable for P & G Health Ltd. Investors are advised to take note of these factors before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News