Zenith Health's Half-Yearly Financials Show Mixed Results and Increased Debt

Oct 24 2024 10:31 PM IST
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Zenith Health's financial performance for the quarter ending Sep 2024 has been mixed. While there has been an improvement in PAT and operating cash flow, there has been a decline in net sales and profitability. The company's debt to equity ratio has also increased, which may be a cause for concern. MarketsMojo has given a 'Sell' call for the stock, indicating a cautious approach for investors.
Gross Profit Margin - Half Yearly: Lower at 56.25% compared to previous year's 62.50%. This indicates a decrease in profitability for the company.
Net Profit Margin - Half Yearly: Decreased to 4.46% from 5.36% in the previous year. This shows a decline in the company's ability to convert sales into profits.
Debt to Equity Ratio - Annually: Increased to 0.33 from 0.25 in the last three years. This indicates a higher level of debt for the company.
Overall, Zenith Health's financial performance for the quarter ending Sep 2024 has been mixed. While there has been an improvement in PAT and operating cash flow, there has been a decline in net sales and profitability. The company's debt to equity ratio has also increased, which may be a cause for concern. MarketsMOJO has given a 'Sell' call for the stock, indicating a cautious approach for investors. It will be interesting to see how Zenith Health's financials progress in the coming quarters.
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