Are H. S. India latest results good or bad?

H. S. India has reported its financial results for the quarter ending June 2025, revealing several operational trends that merit attention. The company's Profit After Tax (PAT) for the nine-month period stands at Rs 1.30 crore, consistent with the previous twelve months, indicating stability in profitability over that timeframe. Furthermore, H. S. India has achieved sales figures that surpass those of the prior year during this nine-month period.
However, the quarterly results indicate challenges in performance. The net sales for the quarter were recorded at Rs 5.93 crore, which reflects a notable decline compared to the average net sales of the previous four quarters, which were Rs 6.73 crore. This represents the lowest net sales recorded in the last five quarters, suggesting a concerning trend in near-term sales performance. Additionally, the operating profit (PBDIT) fell to Rs 0.51 crore, marking the lowest level in the same period, with an operating profit margin of 8.60%, also the lowest in five quarters. This decline indicates a reduction in operational efficiency.

In terms of quarterly comparisons, the net sales showed a decrease of 18.99% compared to the previous quarter, while the standalone net profit experienced a significant decline of 70.45%. The operating profit also saw a reduction of 52.34% from the previous quarter, further highlighting operational challenges.

It is worth noting that the company saw an adjustment in its evaluation over the past three months, reflecting the ongoing operational dynamics. Overall, while H. S. India has maintained profitability over a longer period, the recent quarterly performance raises concerns regarding sales and operational efficiency.