Aster DM Healthcare’s stock dropped by 5% after the company announced its financial results for Q3 FY2024. As of 9:57 AM, the shares were trading 5.59% lower at Rs 464.35.
The healthcare giant reported a significant decline in net profit, which fell by 68.31% year-on-year to Rs 56.79 crore in the quarter ended December 2024, compared to Rs 179.21 crore in the same period last year.
Despite the profit dip, the company saw a 9.97% rise in revenue, which reached Rs 1,049.81 crore for the quarter, up from Rs 954.67 crore in Q3 FY2023. The growth in sales suggests that Aster DM continues to expand its market presence, although the sharp decline in profit has raised concerns among investors.
Aster DM Healthcare shares opened at ₹469.55, showing a decrease from the previous close of ₹491.55. The stock reached a low of ₹462.20 and a high of ₹474.95 today. Over the past 52 weeks, the stock has fluctuated between a low of ₹311.10 and a high of ₹558.00, reflecting market volatility.
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