Are Indiabulls Enter latest results good or bad?

Indiabulls Enterprises has reported its financial results for the quarter ending March 2025, which reflect significant challenges in its operational performance. The company recorded a Profit Before Tax less Other Income (PBT) of Rs -121.46 crore, a notable decline compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) also fell to Rs -119.33 crore, indicating a substantial downturn from prior performance levels.
The interest expenses for the quarter surged to Rs 1.70 crore, suggesting a considerable rise in borrowing costs. Furthermore, the operating profit margin reached its lowest point in five quarters at -861.48%, highlighting ongoing profitability issues. The earnings per share (EPS) dropped to Rs -6.01, further emphasizing the company's declining financial health.

On a quarterly basis, net sales showed a slight growth of 0.75%, contrasting sharply with the consolidated net profit, which experienced a dramatic decline of -5,492.49%. The operating profit (PBDIT) also reflected a significant downturn, with a change of -5,795.07% compared to the previous quarter.

Despite a rise in non-operating income to Rs 2.11 crore, this increase may not be sustainable, given the overall financial context. In light of these results, the company saw an adjustment in its evaluation. Overall, the financial data indicates that Indiabulls Enterprises is facing considerable operational challenges.