Zeal Aqua's Q1 financials show mixed results, with significant growth in PAT but concerns over interest cost and non-operating income.

Zeal Aqua, a microcap aquaculture company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Zeal Aqua's performance for the quarter has been flat, with a score of 5 out of 20. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the half-yearly period has shown a significant growth of 162.67% compared to the previous year. This trend is a positive sign for the company.

On the other hand, there are some areas of concern for Zeal Aqua. The interest cost for the quarter has increased by 11.63% compared to the previous quarter, indicating a rise in borrowings. Additionally, the company's non-operating income is 200% of the Profit Before Tax (PBT), which suggests that the company's income from non-business activities is high and may not be sustainable in the long run. Furthermore, the company's Earnings per Share (EPS) for the quarter is the lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, Zeal Aqua's financial performance for the quarter has been mixed. While there are some positive aspects, there are also some areas of concern that the company needs to address. Investors are advised to hold their position in the company's stock and monitor its performance closely.