Are Indian Metals latest results good or bad?

Indian Metals & Ferro Alloys has reported its financial results for the quarter ending March 2025, indicating a challenging period for the company. The Profit Before Tax (PBT) has significantly declined to Rs 46.66 crore, a notable drop from the previous average of Rs 121.99 crore over the last four quarters. Similarly, the Profit After Tax (PAT) decreased to Rs 47.32 crore, down from an average of Rs 104.42 crore.
Net sales for the quarter were reported at Rs 567.15 crore, reflecting a decline of 15.9%, which marks the lowest figure in the last five quarters. The operating profit, measured as PBDIT, was reported at Rs 70.53 crore, also the lowest in the same timeframe, with an operating profit margin falling to 12.44%, indicating a decline in operational efficiency. Additionally, interest expenses rose to Rs 10 crore, the highest level in five quarters, suggesting increased borrowing.

The quarterly results snapshot shows a QoQ decline in net sales of 11.83% and a QoQ decline in consolidated net profit of 49.29%. The operating profit also saw a decline of 44.98%, while the operating profit margin decreased by 7.49%.

Overall, the financial data reflects multiple metrics trending negatively for Indian Metals & Ferro Alloys, and the company saw an adjustment in its evaluation during this period.