Thyrocare Technologies Reports Strong Q3 FY24-25 Results Amid Non-Operating Income Concerns

Jan 23 2025 07:15 PM IST
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Thyrocare Technologies has reported strong financial results for the third quarter of FY24-25, with net sales of Rs 165.92 crore, a 23.14% year-on-year increase. Profit Before Tax rose to Rs 23.91 crore, up 39.17%, while Profit After Tax reached Rs 19.11 crore, reflecting a 24.5% growth.
Thyrocare Technologies, a small-cap player in the Hospital & Healthcare Services sector, has released its financial results for the third quarter of FY24-25, showcasing a positive performance. The company reported net sales of Rs 165.92 crore, which reflects a year-on-year growth of 23.14%. This trend in sales points to a robust near-term outlook for the company.

Profit Before Tax (PBT) also exhibited significant growth, reaching Rs 23.91 crore, marking a 39.17% increase compared to the same quarter last year. Furthermore, Profit After Tax (PAT) rose to Rs 19.11 crore, indicating a year-on-year growth of 24.5%. The trends in both PBT and PAT suggest a favorable financial trajectory for Thyrocare Technologies.

However, the company noted a substantial increase in non-operating income, which reached Rs 4.01 crore, the highest in the last five quarters. This rise in income from non-business activities raises questions about its sustainability. Overall, Thyrocare Technologies has demonstrated strong financial performance in the latest quarter, despite some concerns regarding non-operating income.

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