Are Gayatri Highways latest results good or bad?

Gayatri Highways has reported its financial results for the quarter ending March 2025, which present a mixed picture of its operational performance. The company experienced a significant increase in Profit After Tax (PAT), reaching Rs 9.36 crore, which reflects a substantial growth compared to the average PAT of Rs 0.29 crore from the previous four quarters. This increase in profitability is highlighted by an earnings per share (EPS) that has reached its highest level in five quarters at Rs 56.22.
However, the company faced notable challenges in other areas. The Profit Before Tax less Other Income (PBT) dropped to Rs -1,343.81 crore, marking a decline from the average PBT of Rs 63.25 crore in the previous four quarters. This figure represents the lowest PBT recorded in the last five quarters, indicating operational difficulties in this segment.

In terms of sales performance, Gayatri Highways reported a decline in net sales, with a QoQ growth of -45.87% compared to a previous growth of 235.38% in December 2024. The operating profit margin, excluding other income, also reflected a negative trend, with a significant change from the previous quarter.

Overall, while Gayatri Highways has seen a notable improvement in its profitability metrics, the decline in net sales and PBT suggests underlying operational challenges. Additionally, the company saw an adjustment in its evaluation over the past three months, reflecting a change in how its financial performance is perceived.