Are Imagica. Enter. latest results good or bad?

Imagicaaworld Entertainment has reported its financial results for the quarter ending June 2025, which reflect notable challenges in its performance compared to the previous year. The company's net sales for this quarter totaled Rs 148.10 crore, marking a decline of 19.50% year-on-year. This contrasts sharply with the previous year's growth of 83.37%, indicating a significant shift in revenue generation.
Profit Before Tax (PBT) was reported at Rs 42.68 crore, which represents a decline of 51.84% year-on-year. Similarly, Profit After Tax (PAT) stood at Rs 45.29 crore, down 33.5% compared to the same quarter last year. The operating profit margin, excluding other income, also saw a reduction, falling by 10.84% from the previous year.

Additionally, the interest expense has risen considerably, increasing by 50.87% over the past six months, suggesting a rise in the company's borrowings. The Debtors Turnover Ratio has reached its lowest point in the last five half-yearly periods at 42.46 times, indicating a slowdown in the company's ability to manage its receivables effectively.

On a slightly positive note, non-operating income recorded Rs 3.29 crore, the highest in the last five quarters, although the sustainability of this increase remains uncertain.

Overall, the financial data indicates that Imagicaaworld Entertainment is facing significant operational challenges, leading to an adjustment in its evaluation.