Are Delta Manufact. latest results good or bad?

Delta Manufacturing's financial results for the quarter ending March 2025 indicate a challenging operational environment. The company has experienced an adjustment in its evaluation over the past three months, reflecting the difficulties faced during this period.
In terms of earnings, Delta Manufacturing reported its highest Earnings per Share (EPS) at Rs -0.34 in the last five quarters, which suggests some level of improvement in profitability for shareholders, despite the overall concerning financial picture. The Profit Before Tax less Other Income (PBT) for the quarter was recorded at Rs -3.67 crore, showing a significant decline compared to the average PBT of Rs -0.39 crore from the previous four quarters.

Net sales for the quarter reached Rs 15.72 crore, marking a 14.2% decline from the average net sales of Rs 18.33 crore in the prior four quarters. Additionally, interest expenses have risen by 20% over the preceding nine months, totaling Rs 2.40 crore, indicating a rise in borrowing costs.

When examining the quarterly results, there was a reported growth in net sales of 4.04% compared to the previous quarter, contrasting with a decline of 23.14% in the quarter ending December 2024. The consolidated net profit showed a growth of 93.68% from the previous quarter, which was a significant improvement from a decline of 97.64% in December 2024. However, the operating profit margin (excluding other income) remained negative, reflecting ongoing operational challenges.

Overall, the financial results for Delta Manufacturing highlight a complex situation with some signs of recovery in certain metrics, yet significant concerns persist regarding profitability and sales performance.