Are Jamshri Realty Ltd latest results good or bad?

Jamshri Realty Ltd's latest financial results indicate a mixed performance amidst ongoing operational challenges. For the quarter ending September 2025, the company reported net sales of ₹1.93 crores, reflecting a sequential growth of 4.89% and an 8.43% increase year-on-year. This growth in revenue is accompanied by an improvement in operating margins, which reached 27.98%, up from 5.62% in the same quarter last year, suggesting enhanced operational efficiency. However, the company continues to face significant financial hurdles. Despite the positive revenue trajectory, Jamshri Realty reported a net loss of ₹0.03 crores, with high interest costs consuming a substantial portion of its revenue. The persistent negative book value of ₹-12.86 per share and accumulated losses over multiple years raise concerns regarding its financial viability and long-term sustainability. In the subsequent quarter ending December 2025, the company experienced a decline in net sales by 5.70% to ₹1.82 crores, while the net profit showed a marginal improvement, indicating a complex financial landscape. The operational profit margin for the same period was reported at 37.91%, reflecting a positive trend in operational efficiency. Overall, while Jamshri Realty has demonstrated some operational improvements, the underlying issues related to its balance sheet, high debt levels, and negative equity position remain critical concerns. The company's evaluation has seen an adjustment, reflecting these ongoing challenges and the need for a sustainable path to profitability.