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 across key performance metrics. The net sales for this quarter were recorded at Rs 20.31 crore, which represents a notable decline compared to the average net sales of the previous four quarters. This decline in sales is accompanied by a substantial negative profit before tax (PBT) of Rs -30.12 crore, indicating a significant deterioration from prior periods.
The profit after tax (PAT) also showed a considerable drop, recorded at Rs -25.71 crore, which highlights the ongoing struggles with profitability. Additionally, the operating profit margin reached a low of -107.53%, suggesting a decline in operational efficiency. The earnings per share (EPS) fell to Rs -5.97, further emphasizing the challenges faced by the company in delivering returns to its shareholders.

Despite these difficulties, there was a slight improvement in the quarterly growth metrics compared to the previous quarter. Specifically, net sales showed a growth of 15.33% quarter-over-quarter, while the consolidated net profit reflected a change of -7.04%. However, the overall financial outlook for Ideaforge Technology remains challenging.

It is also noted that the company saw an adjustment in its evaluation following these results. Overall, the financial data indicates that Ideaforge Technology is navigating a difficult operational landscape.