Are Diligent Media Corporation Ltd latest results good or bad?

Diligent Media Corporation Ltd's latest financial results for the quarter ending December 2025 reveal ongoing operational challenges. The company reported net sales of ₹1.41 crores, which reflects a year-on-year decline of 17.54% from ₹1.71 crores in December 2024. This decline continues a troubling trend of revenue volatility, with a significant sequential drop of 47.58% from the previous quarter, indicating instability in revenue generation. The net loss for the quarter narrowed to ₹0.30 crores compared to a loss of ₹0.67 crores in the prior quarter, suggesting some progress in reducing losses; however, the company remains firmly in negative territory. The operating margin, excluding other income, stood at -25.53%, highlighting persistent operational inefficiencies and the inability to achieve breakeven despite efforts to rationalize costs. The financial metrics also show that the company's return on capital employed (ROCE) remains negative, reflecting challenges in generating returns on capital. The balance sheet indicates a negative book value of ₹243.76 crores and long-term debt of ₹436.27 crores, underscoring significant financial strain and structural issues within the company. Overall, the financial results indicate that Diligent Media is grappling with fundamental challenges, including volatile revenues, persistent losses, and a high debt burden, which continue to hinder its operational viability. The company saw an adjustment in its evaluation, reflecting these ongoing difficulties and the broader context of a declining print media industry.