Are HMA Agro Inds. latest results good or bad?

HMA Agro Industries has reported its financial results for the quarter ending June 2025, which indicate notable challenges in its operational performance. The company's Profit Before Tax (PBT) has declined significantly to Rs -9.90 crore, contrasting sharply with the average PBT of Rs 11.06 crore over the previous four quarters. This decline is accompanied by a drop in Profit After Tax (PAT) to Rs 0.81 crore, which represents a substantial reduction from the prior average of Rs 21.70 crore.
Net sales for the quarter were recorded at Rs 1,122.61 crore, reflecting a decrease of 12.5% compared to the average of Rs 1,283.25 crore in the preceding four quarters. Furthermore, the reliance on non-operating income has surged to 797.18% of PBT, suggesting a growing dependency on income from non-business activities, which raises questions about the sustainability of the company's financial health. The Earnings per Share (EPS) has also reached its lowest level in five quarters at Rs 0.02, indicating a trend of declining profitability and reduced earnings for shareholders.

In terms of quarterly performance, the company experienced a 25.14% decline in net sales compared to the previous quarter, and a dramatic 93.87% decrease in consolidated net profit. The operating profit margin, excluding other income, was reported at 0.47%, showing a slight change from the previous period.

Overall, HMA Agro Industries has seen an adjustment in its evaluation, reflecting the challenges faced in this quarter's financial performance.