Zeal Aqua's Financial Results Show Positive Growth and Efficiency in Q1 2024

Zeal Aqua, a microcap company in the aquaculture industry, has recently announced its financial results for the quarter ending March 2024. The company has shown a very positive performance, with a significant improvement in its financial score from 3 to 20 in just three months.

According to the financial report, Zeal Aqua's Profit Before Tax (PBT) has grown by 393.62% year on year, reaching Rs 2.76 crore. The company's Profit After Tax (PAT) has also seen a growth of 281.0% year on year, amounting to Rs 4.80 crore. This indicates a very positive trend in the near term for both PBT and PAT.

Zeal Aqua has also shown a strong ability to manage its interest payments, with an Operating Profit to Interest ratio of 2.09 times, the highest in the last five quarters. The company's Operating Profit (PBDIT) has also reached its highest at Rs 7.55 crore in the last five quarters, with a positive trend in the near term. Additionally, the company's Operating Profit Margin has improved to 11.61%, indicating increased efficiency.

However, there are some areas that require improvement for Zeal Aqua. The company's Net Sales for the quarter were the lowest in the last five quarters, at Rs 65.04 crore, with a negative trend in the near term. The company's interest cost has also increased by 12.11% quarter on quarter, reaching its highest at Rs 3.61 crore, which could signify increased borrowings.

It is worth noting that Zeal Aqua's Non Operating Income is 42.50% of its PBT, which could indicate a reliance on non-business activities for income. Overall, Zeal Aqua's financial performance for the quarter ending March 2024 has been positive, with a 'Hold' call from MarketsMOJO. The company has shown growth in profitability and efficiency, but there are some areas that require attention for sustained success in the future.