Are CDG Petchem Ltd latest results good or bad?

CDG Petchem Ltd has reported its financial results for the third quarter of FY24-25, which reflect a mixed performance. The company has experienced some progress, as indicated by a slight adjustment in its evaluation over the past three months.
In terms of profitability, CDG Petchem achieved its highest Profit Before Tax (PBT) at Rs -0.08 crore and Profit After Tax (PAT) at Rs -0.06 crore, both showing consistent quarterly growth over the last five quarters. Additionally, the Earnings per Share (EPS) improved to Rs -0.19, suggesting higher earnings for shareholders.

However, the company faced significant challenges with net sales, which fell to Rs 5.45 crore, marking a decline of 49.91% year-on-year and representing the lowest net sales recorded in the last five quarters. This decline in sales performance is notable, especially when considering the broader context of the company's financial results.

The quarterly results for the period ending March 2025 show a year-on-year decline in net sales of 13.58%, compared to a more substantial decline of 54.39% in the previous year. The standalone net profit also reflected a negative trend, with a year-on-year decline of 9.09%. Furthermore, the operating profit margin (excluding other income) decreased, indicating ongoing operational challenges.

Overall, CDG Petchem's financial results highlight both areas of improvement and significant challenges, underscoring the complexities of its current operational landscape.