Are Competent Auto latest results good or bad?

Competent Automobiles Company has reported its financial results for the quarter ending March 2025, highlighting several operational challenges. The company's Profit Before Tax (PBT) is recorded at Rs 8.47 crore, which reflects a year-on-year decline of 33.83%. Similarly, the Profit After Tax (PAT) stands at Rs 7.40 crore, marking a decrease of 25.4% compared to the previous year. These figures indicate that the company is encountering significant operational difficulties.
In terms of sales performance, the net sales for the quarter show a growth of 2.03%, down from 9.52% in the same quarter last year. The standalone net profit has also declined by 11.97%, contrasting with a positive growth of 5.49% in the prior year. This suggests that while there has been some sales activity, profitability is under pressure.

Additionally, the interest expenses for the nine-month period have risen to Rs 23.31 crore, representing a growth of 22.30% over the previous nine months. This increase in interest costs may indicate higher borrowings, potentially adding further strain to the company's financial position.

In light of these results, Competent Automobiles Company has seen an adjustment in its evaluation, reflecting the current sentiment surrounding its financial health. Overall, the data suggests that the company is navigating a challenging financial landscape with notable declines in profitability and rising costs.