Zenith Fibres' Q1 financials show growth potential despite 'Sell' call by MarketsMOJO

Zenith Fibres, a microcap company in the textile industry, has recently declared its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a potential decline in its value. However, the company has shown a flat financial performance in this quarter, with a slight improvement in its overall score from -2 to 4 in the last three months.

Despite this, there are some positive aspects to Zenith Fibres' financials for the quarter. The company's net sales have grown by 20.8% to Rs 10.31 crore, compared to the average net sales of the previous four quarters which stood at Rs 8.53 crore. This indicates a positive trend in the company's sales in the near term.

Moreover, the company's Profit After Tax (PAT) for the nine-month period ending June 2024 has also shown an increase, standing at Rs 1.22 crore compared to the preceding 12-month period which recorded a PAT of Rs 0.93 crore. This suggests that the company has already surpassed its sales from the previous year in just nine months.

While the stock call for Zenith Fibres may be 'Sell' at the moment, the company's financials show some promising growth potential. Investors and stakeholders can keep a close eye on the company's performance in the coming quarters to make informed decisions.