Are Elixir Capital latest results good or bad?

Elixir Capital has reported its financial results for the quarter ending June 2025, which reflect significant challenges in its operational performance. The net sales for the latest six months were recorded at Rs 6.96 crore, showing a year-on-year decline of 77.20%. This substantial drop indicates ongoing difficulties in revenue generation for the company. Additionally, the Profit After Tax (PAT) for the same period was reported at Rs -3.22 crore, also reflecting a 77.20% decline year-on-year, further underscoring the financial struggles faced by Elixir Capital.
In terms of quarterly performance, the company reported a consolidated net profit of Rs 3.52 crore for the quarter, which represents a 19.5% decrease compared to the average PBT of Rs 4.38 crore over the previous four quarters. However, it is noteworthy that Elixir Capital recorded its highest non-operating income in five quarters at Rs 1.17 crore, although this increase may not be sustainable in the long term.

The company has seen an adjustment in its evaluation, which reflects the overall concerning financial outlook. The quarterly results also indicate a QoQ growth in net sales of 375.76%, compared to a previous decline, suggesting some recovery in the most recent quarter. Similarly, the consolidated net profit showed a QoQ growth of 143.54%, which contrasts with the previous quarter's significant decline.

Overall, while there are some signs of recovery in the latest quarter, the broader financial results for Elixir Capital indicate ongoing operational challenges that may impact its future performance.