Zenith Exports' Financial Performance Shows Significant Decline in Q1 2024
Zenith Exports has reported a significant decline in operating profit, net profit, and earnings per share for the current quarter. This is a sharp contrast to the previous four quarters, where the company had shown positive results. MarketsMojo has advised selling the stock, possibly due to the company's small size in the trading industry and its vulnerability to market fluctuations. Investors should carefully consider the company's flat financial performance and negative trends before making any investment decisions.
Operating Profit - Quarterly: At Rs 0.41 cr has Fallen at -97.0 % over average Operating Profit of the previous four quarters of Rs 13.72 Cr. Near term profit trend is very negative.Net Profit - Quarterly: At Rs -0.10 cr has Declined at -102.0 % over average Net Profit of the previous four quarters of Rs 4.68 Cr. Near term profit trend is very negative.
Earnings per share (EPS) - Quarterly: At Rs -0.01 has Declined at -102.0 % over average EPS of the previous four quarters of Rs 0.47. Near term EPS trend is very negative.
Despite these negative financial results, MarketsMOJO has given a 'Sell' call for Zenith Exports' stock. This could be due to the company's microcap size in the trading industry, which may make it more vulnerable to market fluctuations.
Investors should take note of the company's flat financial performance and negative sales and profit trends in the near term. It is important to carefully consider all factors before making any investment decisions.
Zenith Exports has not received any recommendations from experts or shown any potential for future growth in the current quarter. This news article is based solely on the company's declared financial results for the quarter ending Jun 2024.
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