Are Aptech latest results good or bad?

Aptech has reported its financial results for the quarter ending June 2025, revealing a mixed operational performance. The company achieved a Profit After Tax (PAT) of Rs 6.87 crore, which represents a notable growth compared to the average PAT of Rs 4.90 crore over the previous four quarters, marking the highest PAT in the last five quarters. Additionally, the Earnings per Share (EPS) reached Rs 1.16, indicating enhanced profitability for shareholders. The Debtors Turnover Ratio also showed improvement, reaching 12.80 times, the best performance in the last five half-yearly periods, suggesting effective management of receivables.
However, there are concerns regarding the sustainability of Aptech's business model, as a significant portion of its Profit Before Tax (PBT), specifically 49.90%, was derived from non-operating income, which totaled Rs 4.85 crore, the highest in the last five quarters.

In terms of sales, the company reported a net sales growth of 1.47% for the quarter, which is a decline from the previous quarter's growth of 7.69%. The consolidated net profit growth was recorded at 36.23%, slightly lower than the 37.99% growth seen in the prior quarter. The operating profit margin, excluding other income, experienced a minor decline, indicating some challenges in operational efficiency.

Overall, Aptech's financial results reflect a combination of positive developments in profitability metrics alongside concerns about reliance on non-operating income and a slowdown in sales growth. Additionally, the company saw an adjustment in its evaluation over the last three months.