Are ITI latest results good or bad?

ITI has reported its financial results for the quarter ending March 2025, showcasing a notable year-on-year growth in net sales, which reached Rs 1,045.70 crore, reflecting a significant increase compared to the same quarter last year. This marks the highest quarterly sales for ITI in the past five quarters, indicating a favorable trend in sales performance.
The company's consolidated net profit also demonstrated improvement, with a year-on-year growth of 98.17%, suggesting enhanced profitability compared to the previous year. Additionally, earnings per share (EPS) reached Rs -0.05, which is the highest in the last five quarters, indicating a positive shift in earnings for shareholders.

However, it is important to note that ITI reported a non-operating income of Rs 35.33 crore, the highest in the last five quarters. This increase raises questions about the sustainability of such income, as it stems from non-business activities.

Furthermore, the company experienced an adjustment in its evaluation over the past three months, reflecting some challenges despite the positive operational trends. Overall, while ITI's latest results show significant growth in sales and profit, there are underlying concerns regarding the sustainability of non-operating income and the recent changes in evaluation.