Are IIFL Capital latest results good or bad?

IIFL Capital Services has reported financial results for the quarter ending March 2025 that reflect notable declines across several key performance metrics. The Profit Before Tax less Other Income (PBT) was recorded at Rs 126.94 crore, which represents a significant reduction compared to the average PBT of the previous four quarters. Similarly, Profit After Tax (PAT) also saw a decline, reaching Rs 127.95 crore, again lower than the average of prior quarters.
Net sales for the quarter totaled Rs 537.14 crore, marking a downturn from the average of the last four quarters and indicating the lowest sales figure in five quarters. The operating profit, measured as PBDIT, was reported at Rs 185.95 crore, the lowest in the same timeframe, suggesting a negative trend in operational efficiency. The operating profit margin decreased to 34.62%, further emphasizing the challenges faced by the company. Additionally, earnings per share (EPS) fell to Rs 4.13, indicating a decline in profitability for shareholders.

In subsequent results for the quarter ending June 2025, there was a notable recovery in certain metrics, with net sales showing a growth of 14.94% compared to the previous quarter. Consolidated net profit also demonstrated a positive trend with a growth of 37.04%. However, the operating profit margin experienced a slight decrease, reflecting ongoing operational challenges.

Overall, the financial data indicates that IIFL Capital Services experienced a challenging quarter in March 2025, followed by some recovery in the subsequent quarter. The company saw an adjustment in its evaluation based on these results.