Zenith Fibres reports strong financial performance in Q3, net sales and profits on the rise

Zenith Fibres, a microcap company in the textile industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with its score improving from 4 to 9 in the last 3 months.

One of the key highlights of the financial report is the increase in net sales, which reached a high of Rs 13.28 crore in the last five quarters. This shows a positive trend in the company's sales in the near term. Additionally, the net sales for this quarter have grown by 36.7% compared to the average net sales of the previous four quarters, which were at Rs 9.71 crore.

Another positive aspect of the financial report is the company's profit after tax (PAT) for the nine-month period, which stands at Rs 1.39 crore. This is higher than the preceding 12-month period, which ended in September 2024 and had a PAT of Rs 0.92 crore. This indicates a strong growth in profits for the company in the nine-month period, surpassing the sales of the previous twelve months.

Furthermore, Zenith Fibres has also shown a high dividend payout ratio (DPR) of 29.94% annually, which is the highest in the last five years. This shows that the company is distributing a higher proportion of its profits as dividends to its shareholders.

MarketsMOJO, a leading financial analysis platform, has given a 'Strong Sell' call for Zenith Fibres' stock. However, based on the company's positive financial performance in the recent quarter, investors may want to keep an eye on this microcap company in the textile industry.