Are Arihant Capital latest results good or bad?

Arihant Capital Markets has reported its financial results for the quarter ending June 2025, highlighting several key metrics. The company's net sales for this quarter were Rs 50.77 crore, which reflects a decline of 17.9% when compared to the average net sales of Rs 61.83 crore from the previous four quarters. This suggests that the company is facing challenges in generating revenue.
In terms of profitability, the Profit Before Tax (PBT) was recorded at Rs 16.26 crore, marking an 11.2% decline from the average PBT of Rs 18.32 crore in the prior four quarters. Similarly, the Profit After Tax (PAT) fell to Rs 12.70 crore, which is a 9.6% decrease from the average PAT of Rs 14.05 crore over the same period. These figures indicate a negative trend across key performance metrics.

However, when looking at the quarter-on-quarter performance, there are signs of improvement. The net sales showed a growth of 9.56% compared to the previous quarter, and the consolidated net profit experienced a significant increase of 64.94%. Additionally, the operating profit margin (excluding other income) was reported at 39.98%, with a quarter-on-quarter change of 5.80%.

Overall, while Arihant Capital Markets is currently facing challenges reflected in its year-on-year performance, there are indications of recovery in the most recent quarter. The company also saw an adjustment in its evaluation during this period.