Are Arrow Greentech latest results good or bad?

Arrow Greentech has reported its financial results for the quarter ending March 2025, showcasing a notable year-on-year growth in net sales and profit after tax. Specifically, the company achieved net sales of Rs 112.40 crore over the last six months, reflecting a year-on-year growth of 48.82%. In the latest quarter, net sales increased by 13.18% compared to the same period last year, which is an improvement from the previous year's growth rate of 5.15%.
The profit after tax also demonstrated a strong performance, reaching Rs 24.30 crore, which marks a year-on-year increase of 61.68%. In the most recent quarter, consolidated net profit grew by 12.93%, a significant turnaround from the decline of 20.67% reported in the same quarter last year.

Additionally, the company's efficiency in managing its receivables is highlighted by a debtors turnover ratio of 8.30 times over the last five half-yearly periods. However, it is worth noting that the company recorded its highest non-operating income in the last five quarters at Rs 1.76 crore, which raises questions about the sustainability of this income source.

Despite these positive operational metrics, the company saw an adjustment in its evaluation over the past three months. Overall, Arrow Greentech's financial results indicate a strong operational performance, although there are concerns regarding the nature of its non-operating income.