Are Integra Engg. latest results good or bad?

Integra Engineering India has reported its financial results for the quarter ending June 2025, showcasing notable growth in several key metrics. The Profit After Tax (PAT) for the last six months reached Rs 9.21 crore, reflecting a year-on-year growth of 63.30%, indicating a strong performance in profitability. Additionally, the company achieved its highest annual operating cash flow at Rs 27.03 crore, demonstrating consistent growth over the past three years. Net sales for the latest six months amounted to Rs 87.99 crore, with a year-on-year increase of 28.04%, reinforcing a positive sales trend.
In the quarterly results for June 2025, Integra Engineering reported a quarter-on-quarter growth in net sales of 8.21% compared to the previous quarter, alongside a consolidated net profit growth of 23.00%. The operating profit margin, excluding other income, showed a slight increase, reflecting operational efficiency.

However, there are areas of concern. The company's cash and cash equivalents have declined to Rs 2.92 crore, marking the lowest level in the last six half-yearly periods, which raises questions about short-term liquidity. Additionally, the Debtors Turnover Ratio has decreased to 3.38 times, the lowest in the last five half-yearly periods, indicating a slowdown in debt collection.

Overall, while Integra Engineering India has demonstrated strong growth in profitability and sales, the decline in cash reserves and the decrease in the Debtors Turnover Ratio suggest challenges in liquidity and debt management. The company saw an adjustment in its evaluation based on these results.