Are Arihant Capital latest results good or bad?

Arihant Capital Markets has reported its financial results for the quarter ending March 2025, which indicate notable challenges in its operational performance. The company's net sales for the quarter were recorded at Rs 46.34 crore, reflecting a significant decline of 30% compared to the average of the previous four quarters. This figure represents the lowest quarterly sales in the last five quarters, suggesting a concerning trend in sales performance.
Profit Before Tax (PBT), excluding other income, also experienced a sharp decline, falling to Rs 10.05 crore, which is a 58% decrease from the average PBT of Rs 23.91 crore over the previous four quarters. Similarly, Profit After Tax (PAT) decreased to Rs 7.70 crore, down 57.9% from an average of Rs 18.29 crore in prior quarters, marking the lowest PAT recorded in the last five quarters.

Operating Profit (PBDIT) reached Rs 15.84 crore, further underscoring the negative trends in profitability. Additionally, Earnings per Share (EPS) decreased to Rs 0.74, indicating a decline in earnings for shareholders.

The quarterly results also show that while there was a QoQ growth in net sales and consolidated net profit, both metrics still reflect negative growth rates compared to the previous quarter. Overall, the financial performance of Arihant Capital for this quarter has raised concerns regarding its operational efficiency, leading to an adjustment in its evaluation.