Are HB Estate Devel. latest results good or bad?

HB Estate Developers has reported its financial results for the quarter ending June 2025, revealing a notable decline in several key metrics compared to previous periods. The company experienced a significant reduction in profit after tax (PAT), which fell to Rs 0.38 crore, representing a substantial drop from the average of Rs 2.70 crore over the prior four quarters. Additionally, net sales decreased to Rs 23.76 crore, marking the lowest figure in five quarters, and reflecting a decline of 19.2% compared to the previous quarter.
On the operational side, the company has achieved a reduction in its debt-equity ratio, now standing at 1.63 times, which indicates a consistent improvement over the last five half-year periods. Furthermore, the inventory turnover ratio has reached its highest point at 8.11 times, suggesting enhanced efficiency in selling inventory. Cash and cash equivalents have also increased to Rs 19.11 crore, indicating improved short-term liquidity.

However, the financial results also highlight challenges, as operating profit and earnings per share have shown negative trends, raising concerns about the company's profitability and operational efficiency. Overall, the company saw an adjustment in its evaluation, reflecting the mixed operational trends and financial performance during this period.