Are Indian Acrylics latest results good or bad?

Indian Acrylics has reported its financial results for the quarter ending March 2025, which indicate significant challenges for the company. The net sales for this quarter amounted to Rs 82.92 crore, reflecting a notable decline of 19.6% compared to the average net sales of Rs 103.19 crore over the previous four quarters. This marks the lowest quarterly sales in the last five quarters, suggesting a negative trend in sales performance.
The profit before tax (PBT) for the quarter was recorded at Rs -6.05 crore, representing the highest loss in the last five quarters. Despite this, there are indications of a potential improvement in the near-term PBT trend. The profit after tax (PAT) over the latest six months stands at Rs -10.61 crore, which shows a year-on-year decline of 24.21%.

Additionally, the quarterly results reveal a decrease in consolidated net profit, which dropped to Rs -5.69 crore, with a decline of 15.65% compared to the previous quarter. The operating profit margin, excluding other income, also saw a reduction, indicating further operational challenges.

Overall, these results highlight a difficult market environment for Indian Acrylics, leading to an adjustment in its evaluation. The company is navigating through a period marked by declining sales and profitability metrics.