Z F Steering Gear (India) Reports Mixed Financial Results for Q1 FY25
Z F Steering Gear (India), a smallcap company in the auto ancillary industry, has recently declared its financial results for the quarter ended June 2024. According to the data released on August 6, 2024, the company’s stock has been given a ‘Hold’ call by MarketsMOJO.
The financial performance of Z F Steering for the quarter has remained flat, with no significant changes in the last three months. However, there are some positive aspects to the company’s performance. The net sales for the quarter were the highest in the last five quarters, at Rs 128.10 crore, indicating a positive sales trend in the near term. Additionally, the Profit Before Tax (PBT) has grown by 38.6% compared to the average PBT of the previous four quarters, which is a positive sign for the company.
On the other hand, there are some areas where Z F Steering needs to improve. The Profit After Tax (PAT) for the quarter has fallen by -6.7% compared to the average PAT of the previous four quarters. This indicates a negative trend in the near term for the company’s profitability. Moreover, the Non-Operating Income for the quarter is 57.17% of the PBT, which suggests that the company’s income from non-business activities is high and may not be a sustainable business model.
Overall, Z F Steering’s financial results for the quarter ended June 2024 show a mixed performance. While there are some positive aspects, there are also areas that need improvement. Investors are advised to hold their positions in the company’s stock and keep an eye on its future performance.
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