Are Goodricke Group latest results good or bad?

Goodricke Group has reported its financial results for the quarter ending March 2025, which reflect significant challenges in its operational performance. The net sales for this quarter were recorded at Rs 131.84 crore, indicating a notable decline compared to the average net sales of the previous four quarters. This suggests a difficult sales environment for the company.
Profit Before Tax (PBT) was reported at Rs -56.13 crore, which marks a substantial decline from the average PBT in prior quarters, indicating a deterioration in profitability. Similarly, Profit After Tax (PAT) fell to Rs -41.89 crore, showcasing a significant drop from the average PAT of the previous periods.

The operating profit to interest ratio reached its lowest level in five quarters at -32.46 times, further emphasizing the company's declining financial health. While there was an increase in non-operating income to Rs 10.58 crore, the sustainability of this income remains uncertain.

Additionally, the quarterly results show a QoQ growth in net sales of -53.61%, which aligns with the overall trend of declining performance. The standalone net profit also reflected a substantial negative change.

Overall, Goodricke Group's latest financial results indicate a challenging operational landscape. The company saw an adjustment in its evaluation based on these results.