Are Ansal Housing Ltd latest results good or bad?

The latest financial results for Ansal Housing Ltd reveal a complex operational landscape characterized by significant challenges. In the quarter ending September 2025, the company reported net sales of ₹121.47 crores, reflecting a quarter-on-quarter growth of 44.95% from ₹83.80 crores in the previous quarter. However, this figure represents a year-on-year decline of 10.71% compared to ₹136.04 crores in the same quarter of the previous year, indicating volatility in revenue generation. Despite the revenue growth, Ansal Housing faced substantial difficulties in profitability, posting a net loss of ₹6.62 crores for the quarter. This marks a dramatic deterioration from a loss of ₹0.29 crores in the previous quarter, highlighting the company's ongoing struggle to achieve profitability. The operating margin, which excludes other income, fell sharply to 4.19% from 16.29% in the prior quarter, suggesting significant cost pressures or unfavorable project dynamics. The company's profit before tax also reflected a negative trend, with a loss of ₹6.81 crores compared to a profit of ₹0.58 crores in the previous quarter. The operational challenges are further underscored by a negative return on capital employed (ROCE) of -2.70% and a return on equity (ROE) of -1.06%, both indicating inefficiencies in generating returns for shareholders. In terms of financial health, the company’s balance sheet shows a debt-to-equity ratio of approximately 2.39 times, indicating high leverage relative to its equity base. The absence of institutional investor participation raises concerns about market confidence in the company's governance and financial stability. Overall, while Ansal Housing Ltd has demonstrated some revenue growth, the persistent losses, declining margins, and operational inefficiencies present significant hurdles. The company saw an adjustment in its evaluation, reflecting these underlying challenges and the need for strategic intervention to address its financial and operational issues.