Strong Quarterly Performance Drives Investor Optimism
Zuari Agro Chemicals’ recent rally can be primarily attributed to its outstanding financial performance reported in the September quarter. The company posted a remarkable net profit growth of 1108.86%, signalling a robust turnaround and operational efficiency. This surge in profitability is further supported by a 148.4% increase in profit before tax excluding other income (PBT less OI) for the quarter, reaching ₹217.73 crores compared to the previous four-quarter average. Such exceptional earnings growth has evidently bolstered investor sentiment, prompting renewed buying interest after six consecutive days of decline.
Additionally, the company’s operating cash flow for the year hit a peak of ₹511.47 crores, undersc...
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