Are C C C L latest results good or bad?

Consolidated Construction Consortium (CCCL) has reported its financial results for the quarter ending March 2025, which reveal a complex picture of the company's performance. The Profit After Tax (PAT) for this quarter is reported at Rs 10.71 crore, showing a substantial growth compared to the average PAT of Rs -0.02 crore from the previous four quarters. This indicates a notable turnaround in profitability.
However, the company experienced a decline in Profit Before Tax (PBT), which decreased to Rs -17.76 crore, a reduction of 29.2% from the average PBT of Rs -13.75 crore over the last four quarters. This suggests challenges in operational profitability, as the reliance on non-operating income, which constitutes 268.50% of the PBT, raises questions regarding the sustainability of the financial performance.

In terms of sales, the net sales for the latest six months reached Rs 95.10 crore, reflecting a year-on-year growth of 32.51%. Nonetheless, there was a quarter-over-quarter decline in net sales of 13.82% compared to the previous quarter. The operating profit margin has shown some improvement, reaching -12.42%, which is the highest level in five quarters, but still indicates a negative margin.

Overall, while CCCL's latest results show significant growth in PAT and some improvements in operating metrics, the decline in PBT and reliance on non-operating income highlight areas of concern. Additionally, the company saw an adjustment in its evaluation, reflecting the mixed nature of its financial performance.