Zeal Aqua's Financial Results Show Mixed Performance in Q4 2023

Despite a flat financial performance in the quarter ending December 2023, Zeal Aqua has shown signs of improvement according to the latest financial results declared on February 13, 2024. The company's score has increased from -5 to 3 in the last three months, indicating a positive trend.

One of the key factors contributing to this improvement is the company's operating profit to interest ratio, which is at its highest in the last five quarters at 1.88 times. This shows that Zeal Aqua is effectively managing its interest payments, which is a positive sign for investors.

Another positive aspect of the financial results is the net sales, which have reached a high of Rs 136.38 crore in the last five quarters. This indicates a positive trend in the company's sales performance in the near term.

The profit after tax (PAT) for the quarter is also at its highest in the last five quarters, standing at Rs 3.49 crore. This shows a positive trend in the company's profitability in the near term.

However, one area of concern for Zeal Aqua is its non-operating income, which is 55.01% of the profit before tax (PBT). This indicates that a significant portion of the company's income is coming from non-business activities, which may not be sustainable in the long run.

Overall, the financial results for the quarter ending December 2023 show a mixed performance for Zeal Aqua. While there are some positive signs of improvement, the company needs to address its reliance on non-operating income to ensure sustainable growth in the future. Based on these results, MarketsMOJO has given a 'Hold' call for Zeal Aqua's stock.