Zodiac Energy Reports Strong Q2 FY24-25 Growth Amid Mutual Fund Caution

Zodiac Energy, a microcap player in the engineering and industrial equipment sector, has recently undergone an adjustment in evaluation. This revision reflects the company's financial metrics and market position, which have shown notable trends in recent quarters.
In Q2 FY24-25, Zodiac Energy reported very positive financial performance, highlighted by a significant annual growth rate in operating profit of 38.84%. The net profit also saw a substantial increase of 68.24%, contributing to a streak of positive results over the last six consecutive quarters. The company's profit before tax, adjusted for other income, reached Rs 3.59 crore, marking an impressive growth of 112.43%. Additionally, operating cash flow hit a record high of Rs 15.97 crore, while net sales for the first nine months stood at Rs 238.74 crore.

Despite these positive indicators, domestic mutual funds hold no stake in Zodiac Energy, which may suggest caution regarding the company's valuation or business outlook. The stock's return over the past year has outperformed the broader market, generating a return of 57.57% compared to the BSE 500's 6.58%.

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