Are Ideaforge Tech latest results good or bad?

Ideaforge Technology has reported its financial results for the quarter ending March 2025, which reflect significant challenges in its operational performance. The net sales for the quarter were recorded at Rs 20.31 crore, which represents a notable decline compared to the average net sales over the previous four quarters. Similarly, the profit before tax less other income (PBT) was reported at Rs -30.12 crore, indicating a substantial drop from the prior average. The profit after tax (PAT) also showed a considerable decline, recorded at Rs -25.71 crore.
The operating profit margin reached a low of -107.53%, suggesting a decrease in operational efficiency. Earnings per share (EPS) fell to Rs -5.97, highlighting the declining profitability and lower returns for shareholders.

In terms of quarter-on-quarter performance, there was a reported growth in net sales of 15.33% compared to the previous quarter, while the consolidated net profit showed a slight improvement with a growth of -7.04%. However, the operating profit margin continued to reflect a negative trend, with a change of -8.27%.

Overall, the financial outlook for Ideaforge Technology appears to be challenging, and the company has experienced an adjustment in its evaluation based on these results.