Zenith Fibres' Q4 financial report shows mixed performance, with growth in profitability but decline in sales.

Zenith Fibres, a microcap company in the textile industry, has recently declared its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Zenith Fibres has shown a flat performance in the last quarter, with a slight improvement in its score from -7 to -2 in the past three months. However, there are some positive aspects to the company's financials.

The Profit After Tax (PAT) for the nine-month period has increased to Rs 1.64 crore, compared to the previous 12-month period ending in March 2024, which was Rs 1.58 crore. This shows a growth in profitability for the company. Additionally, the company has already surpassed its sales from the previous 12 months in just nine months.

On the other hand, there are some areas of concern for Zenith Fibres. The Net Sales for the nine-month period have decreased by -20.85% compared to the same period last year. This indicates a negative trend in sales in the near term. Furthermore, the Non-Operating Income for the quarter is 447.83% 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.

Overall, Zenith Fibres has shown a mixed performance in the last quarter, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.