Zuari Industries Reports Positive Financial Results for Q3 2024, Improves Profitability and Liquidity.

Zuari Industries, a microcap trading company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with its score improving from 2 to 6 in the last 3 months according to MarketsMOJO.

The company's Profit After Tax (PAT) for the quarter has grown by 37.5% to Rs 5.32 crore, compared to the average PAT of the previous four quarters which was Rs 3.87 crore. This indicates a positive trend in the company's near term profitability. Additionally, Zuari Industries has also shown improvement in its short term liquidity with its Cash and Cash Equivalents reaching a high of Rs 860.75 crore in the last six half yearly periods.

On the other hand, the company's Non Operating Income for the quarter is 832.57% of its Profit Before Tax (PBT), which suggests that the company's income from non-business activities is high and may not be a sustainable business model. Furthermore, Zuari Industries has also distributed a lower dividend of Rs 1.00 per share annually, which is the lowest in the last five years.

Overall, Zuari Industries has shown positive financial performance in the quarter ending September 2024, with improvements in its profitability and liquidity. However, investors should also consider the company's high non-operating income and lower dividend distribution before making any investment decisions. MarketsMOJO has given a 'Hold' call for the company's stock.