Are Zenith Steel latest results good or bad?
Profitability metrics also reflect a troubling situation, with Profit Before Tax (PBT) falling to Rs -2.96 crore, a decline of 153.62% year-on-year. Similarly, Profit After Tax (PAT) decreased by 70.2%, amounting to Rs 2.97 crore. These figures suggest a substantial deterioration in the company's profitability.
Additionally, the reliance on non-operating income is noteworthy, as it constituted 193.67% of the PBT, with non-operating income reaching Rs 6.12 crore, the highest level in the last five quarters. This dependence on non-business activities raises concerns regarding the sustainability of Zenith Steel's financial model.
Furthermore, the company saw an adjustment in its evaluation, reflecting the overall financial challenges it is currently facing. The data indicates a significant decline across key performance metrics, underscoring the difficulties Zenith Steel is encountering in its operations.
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