Zenlabs Ethica Reports Decline in Financial Performance for Q1 FY25
Zenlabs Ethica, a microcap finance company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.
According to the financial report, Zenlabs Ethica’s performance has remained flat in the last quarter, with a score of -4 compared to 4 in the previous three months. This indicates a decline in the company’s overall financial health.
One of the major factors contributing to this decline is the decrease in net sales. The company’s net sales for the quarter were Rs 12.36 crore, which is a 15.6% decrease from the average net sales of the previous four quarters, which stood at Rs 14.64 crore. This trend is expected to continue in the near term.
Moreover, the company’s net sales for the quarter were the lowest in the last five quarters, further highlighting the negative sales trend. Additionally, the earnings per share (EPS) for the quarter were at its lowest at Rs 0.06 in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.
Overall, Zenlabs Ethica’s financial performance for the quarter ending June 2024 has not been favorable. Investors are advised to exercise caution and consider the company’s current financial situation before making any investment decisions.
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