Are Gillanders Arbut latest results good or bad?

Gillanders Arbuthnot & Company has reported its financial results for the quarter ending March 2025, which present a mixed performance. The company achieved a Profit After Tax (PAT) of Rs 4.87 crore for the latest six months, indicating a significant year-on-year growth compared to a loss of Rs -35.35 crore in the previous period. This reflects a notable recovery in profitability.
Net sales for the same period were reported at Rs 231.58 crore, which shows a year-on-year increase, suggesting a robust sales performance. However, the company encountered challenges with its Profit Before Tax (PBT), which stood at Rs -7.79 crore for the quarter, marking a decline compared to the average PBT from the previous four quarters.

In terms of quarterly performance, the net sales for the quarter ended March 2025 experienced a decline compared to the previous quarter, with a decrease of 18.57%. The consolidated net profit also saw a significant decline of 84.34% from the prior quarter. Operating profit metrics reflected a similar trend, with a notable decline in operating profit margin.

Additionally, while non-operating income reached Rs 4.08 crore, its sustainability remains uncertain, adding a layer of complexity to the financial outlook. Overall, Gillanders Arbuthnot's results indicate growth in sales and PAT, but also highlight concerns regarding PBT and recent quarterly performance metrics, leading to an adjustment in its evaluation.