Are Indian Renewable latest results good or bad?
The Profit Before Tax less Other Income (PBT) for the quarter was Rs 292.39 crore, which is notably lower than the average PBT recorded over the previous four quarters. This decline suggests challenges in maintaining profitability despite the sales growth. Similarly, the Profit After Tax (PAT) was reported at Rs 246.68 crore, reflecting a substantial decrease from the average PAT of prior quarters, indicating reduced earnings for shareholders.
Additionally, the Earnings per Share (EPS) fell to Rs 0.88, marking the lowest figure in the last five quarters, which further emphasizes the decline in profitability. The operating profit margin also experienced a decrease compared to the previous quarter, highlighting operational challenges.
Overall, while IREDA's sales figures show a positive trend, the significant declines in profitability metrics suggest underlying challenges that the company is currently facing. Furthermore, the company saw an adjustment in its evaluation based on these financial results.
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