Are J.G.Chemicals latest results good or bad?

J.G.Chemicals has reported its financial results for the quarter ending March 2025, revealing a mixed performance. The Profit After Tax (PAT) for the latest six months is recorded at Rs 32.32 crore, reflecting a year-on-year growth of 38.65%. This growth is complemented by the achievement of the highest quarterly net sales in the last five quarters, totaling Rs 224.25 crore, indicating a positive trend in sales.
However, the results also highlight some challenges. The Profit Before Tax (PBT), excluding other income, has decreased to Rs 18.01 crore, which is a decline compared to the average PBT of Rs 19.26 crore over the previous four quarters. This suggests a negative trend in PBT performance. Additionally, while non-operating income has reached its highest level in five quarters at Rs 3.54 crore, there are concerns regarding the sustainability of this income, as it is derived from non-business activities.

In terms of quarterly performance, there was a 7.26% growth in net sales compared to the previous quarter, contrasting with a decline in consolidated net profit, which fell by 9.55%. The operating profit, excluding other income, also saw a decline of 15.67%. These figures reflect a complex operational landscape for J.G.Chemicals.

Overall, the company has experienced an adjustment in its evaluation, reflecting the mixed nature of its financial performance as it navigates these operational challenges and opportunities.