Are Alps Industries latest results good or bad?

Alps Industries has reported its financial results for the quarter ending March 2025, revealing several key operational trends. The company has achieved its highest cash and cash equivalents in the last six half-yearly periods, amounting to Rs 9.42 crore, which indicates an improvement in short-term liquidity. However, the company continues to face significant challenges, as evidenced by its profit before tax (PBT), which has reached a low of Rs -16.53 crore, reflecting a decline over the last five quarters. The operating profit (PBDIT) also recorded a low of Rs -0.40 crore during the same period, indicating a negative trend in operational performance.
Earnings per share (EPS) have fallen to Rs -4.16, suggesting declining profitability and lower earnings for shareholders. Additionally, the debtors turnover ratio has dropped to 0.00 times, which may imply a slowdown in the pace of settling debts.

In terms of evaluation, the company saw an adjustment in its evaluation over the past three months. The net sales for the quarter ended March 2025 remained unchanged at 0.00%, consistent with the previous quarter. The consolidated net profit showed a slight decline of -1.31% compared to the previous quarter's -1.71%. Overall, while there are some positive aspects regarding liquidity, the underlying operational challenges remain significant for Alps Industries.