Are Ashika Credit latest results good or bad?

Ashika Credit Capital has reported its financial results for the quarter ending March 2025, which indicate a challenging operational environment. The company recorded a Profit Before Tax less Other Income (PBT) of Rs -70.33 crore, which reflects a significant decline compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) was reported at Rs -53.87 crore, also showing a notable decline from prior averages.
In terms of net sales, the company experienced a year-over-year decline of 27.19%, contrasting sharply with the previous year's substantial growth. The Operating Profit (PBDIT) was reported at Rs -67.67 crore, marking the lowest performance in the last five quarters. This decline is echoed in the Earnings per Share (EPS), which fell to Rs -16.27, indicating challenges in profitability for shareholders.

Overall, the financial results for Ashika Credit Capital reflect a negative trend, with no signs of improvement over the last three months. Additionally, there has been an adjustment in its evaluation, indicating a reassessment of the company's performance in light of these results.