Are Harshil Agrotech latest results good or bad?

Harshil Agrotech has reported its financial results for the quarter ending March 2025, which present a mixed picture of the company's performance. Over the last six months, net sales reached Rs 28.11 crore, showing a significant year-on-year growth of 333.80%. This indicates that the company has been successful in generating revenue during this period.
However, the results also highlight several challenges. The Profit After Tax (PAT) for the quarter is recorded at Rs -0.78 crore, which represents a notable decline compared to the average PAT of Rs 2.81 crore over the previous four quarters. This suggests a shift in profitability for the company. Additionally, the Operating Profit (PBDIT) has fallen to Rs -0.57 crore, marking the lowest level in the last five quarters, which points to a negative trend in operational profitability. The Profit Before Tax (PBT) mirrors this decline, also recorded at Rs -0.57 crore, the lowest in the same timeframe. Furthermore, the Earnings per Share (EPS) stands at Rs -0.01, indicating a decrease in profitability for shareholders.

In terms of quarterly performance, the company experienced a decline in net sales of 90.75% compared to the previous quarter, with a similar trend observed in standalone net profit, which declined by 114.23%. The Operating Profit Margin, excluding other income, also reflects a negative change, dropping significantly.

Overall, Harshil Agrotech's latest results indicate a combination of strong revenue generation alongside significant challenges in profitability and operational performance. The company saw an adjustment in its evaluation based on these results.