Are Cords Cable latest results good or bad?

Cords Cable's latest financial results for the quarter ending September 2025 reflect a complex operational landscape. The company reported net sales of ₹225.70 crores, which represents a year-on-year growth of 23.37%. However, this figure indicates a lack of sequential growth compared to the previous quarter, suggesting potential challenges in demand or operational efficiency.
Net profit for the same quarter was ₹3.58 crores, marking a year-on-year increase of 36.12%. Despite this positive annual comparison, the net profit experienced a quarter-on-quarter decline of 7.49%, primarily driven by rising interest costs, which increased to ₹7.04 crores. This rise in interest expenses has raised concerns regarding the company's financial leverage and cost management.

The operating margin stood at 6.18%, showing a slight improvement of 14 basis points from the previous quarter, yet it remains below the levels achieved in earlier periods. The profit after tax (PAT) margin contracted to 1.59%, down from 1.71% in the prior quarter, indicating ongoing pressures on profitability.

Overall, while Cords Cable has demonstrated robust year-on-year growth in both revenue and net profit, the sequential stagnation in revenue and the decline in net profit raise questions about the sustainability of this growth. The company saw an adjustment in its evaluation, reflecting these mixed operational trends and the challenges posed by rising costs and competitive pressures in the cables sector.