Are Intl. Combustion latest results good or bad?

International Combustion (India) has reported its financial results for the quarter ending March 2025, revealing a mixed performance across various metrics. The company achieved a Profit After Tax (PAT) of Rs 6.79 crore, which represents a significant year-on-year growth of 83.5%, marking the highest PAT recorded in the last five quarters. This indicates a positive trend in profitability for the company.
Net sales also reached a five-quarter high at Rs 86.83 crore, reflecting a year-on-year growth of 6.84%. This suggests a favorable sales trend, although it is worth noting that this growth rate is lower than the previous year's 25.59%.

On the other hand, the Profit Before Tax (PBT), excluding other income, declined to Rs 4.46 crore, showing a year-on-year decrease of 22.84%. This decline contrasts with the positive developments in PAT and net sales, highlighting challenges in profitability metrics.

The Earnings per Share (EPS) stood at Rs 28.41, the highest in the same period, indicating improved earnings for shareholders. However, the Operating Profit Margin, excluding other income, experienced a decline, reflecting a decrease of 1.52% from the previous year.

Overall, while International Combustion has demonstrated strong growth in PAT and net sales, the decline in PBT and operating profit margin suggests that there are underlying challenges that the company needs to address. Additionally, the company saw an adjustment in its evaluation, reflecting the mixed nature of its financial performance.