Are Elcid Investment latest results good or bad?

Elcid Investments has reported its financial results for the quarter ending March 2025, which reflect significant challenges in its operational performance. The Profit Before Tax less Other Income (PBT) was recorded at Rs -21.17 crore, a notable decline compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) fell to Rs -19.54 crore, indicating a substantial reduction from prior averages.
Net sales for the nine-month period reached Rs 33.61 crore, which represents a year-on-year decrease of 68.06%. The operating profit was reported at Rs -20.90 crore, the lowest in five quarters, with an operating profit margin of 0.00%, suggesting a decline in the company's operational efficiency. Additionally, earnings per share (EPS) dropped to Rs -977.00, reflecting a challenging profitability landscape.

In terms of quarterly performance, the net sales showed a significant decline of -232.32% compared to the previous quarter, while the consolidated net profit also experienced a sharp downturn of -183.60%. Despite a rise in non-operating income to Rs 1.21 crore, the sustainability of this increase remains uncertain.

Overall, the financial data indicates that Elcid Investments is facing considerable operational difficulties, leading to an adjustment in its evaluation.