Are Gravita India latest results good or bad?

Gravita India has reported its financial results for the quarter ending March 2025, showcasing notable performance across various metrics. The company achieved net sales of Rs 1,037.07 crore, marking the highest quarterly figure in the last five quarters, which indicates a consistent growth trajectory. The operating profit to interest ratio improved to 16.40 times, reflecting the company's enhanced capability in managing its interest obligations.
Profit Before Tax (PBT) was reported at Rs 78.82 crore, showing a substantial growth of 43.2% compared to the average PBT of the previous four quarters. Profit After Tax (PAT) also saw a significant rise, reaching Rs 95.13 crore, which is a 32.9% increase over the previous four-quarter average. The Earnings per Share (EPS) reached Rs 12.89, the highest in five quarters, further indicating a positive trend in profitability.

Additionally, the company reported cash and cash equivalents of Rs 407.27 crore, suggesting improved short-term liquidity. The debt-equity ratio was recorded at a low 0.14 times, highlighting a reduction in borrowing relative to equity capital.

However, when comparing the quarter ending June 2025 to the previous quarter, there was a slight growth in net sales of 0.28%, which is lower than the 4.08% growth seen in March 2025. The consolidated net profit experienced a decline of 1.97% compared to the previous quarter's growth of 22.07%.

Overall, Gravita India has demonstrated strong financial performance in the March 2025 quarter, but the subsequent quarter shows some adjustments in its evaluation, reflecting mixed operational trends.