Are Adcon Capital latest results good or bad?

Adcon Capital Services has released its financial results for the quarter ending March 2025, which show a flat performance overall compared to previous quarters. However, the company reported a significant increase in Profit After Tax (PAT) for the nine-month period, reaching Rs 1.91 crore, which reflects a substantial year-on-year growth of 218.33%. This figure surpasses the Rs 0.77 crore recorded in the preceding twelve months, indicating that Adcon Capital has exceeded its sales figures from the previous year.
In terms of quarterly performance, the net sales for the quarter ended March 2025 showed a growth of 74.51% compared to the previous quarter, which had a decline of 60.47%. Similarly, the standalone net profit for the same quarter increased by 30.30% from the previous quarter, which had seen a decline of 71.30%. The operating profit also demonstrated growth, with an increase of 38.64% compared to the previous quarter.

Despite these positive trends in specific metrics, the company experienced an adjustment in its evaluation over the last three months. The operating profit margin, however, saw a decline of 17.73% compared to the previous quarter's margin of 68.54%.

Overall, while Adcon Capital has shown notable growth in PAT and positive trends in net sales and profit, the flat performance and adjustment in evaluation indicate a complex operational landscape.