Are Athena Global latest results good or bad?

Athena Global Technologies has reported its financial results for the quarter ending June 2025, revealing a complex operational landscape. The company's net sales for the last six months amounted to Rs 5.91 crore, reflecting a year-on-year decline of 26.95%. This significant drop in sales raises concerns regarding the company's near-term performance and market position.
In terms of profitability, the Profit After Tax (PAT) for the same period stands at Rs -11.22 crore, also showing a year-on-year decrease of 26.95%. This decline in profitability highlights the challenges that Athena Global Technologies is currently facing as it navigates through a difficult financial environment.

However, when examining the quarterly results, there are some positive operational trends. The net sales for the quarter ended June 2025 show a growth of 4.50% compared to the previous quarter, which had experienced a decline of 31.03%. Similarly, the consolidated net profit for the quarter reflects a growth of 36.92%, contrasting with a significant drop of 79.17% in the prior quarter.

Additionally, the operating profit margin (excluding other income) has shown a notable change, moving from -46.36% in March 2025 to a much improved figure in June 2025, indicating a positive shift in operational efficiency.

Overall, while Athena Global Technologies faces significant challenges reflected in its year-on-year performance, recent quarterly results indicate some operational recovery, leading to an adjustment in its evaluation.