Are Jet Freight latest results good or bad?

Jet Freight Logistics has reported its financial results for the quarter ending June 2025, showcasing a mixed performance. The company's Profit After Tax (PAT) reached Rs 1.78 crore, which is the highest in the last five quarters, indicating a positive trend in profitability. Additionally, the Earnings per Share (EPS) peaked at Rs 0.38, reflecting an increase in earnings for shareholders.
However, the company faced notable challenges, particularly with net sales declining to Rs 119.72 crore, which represents a year-on-year decrease of 18.71%. This decline highlights a concerning trend in sales performance. Furthermore, a significant portion of the Profit Before Tax (PBT) was derived from non-operating income, accounting for 63.03%, which raises questions about the sustainability of the business model as it indicates a reliance on non-core activities. The Debtors Turnover Ratio fell to 5.70 times, the lowest in the last five half-yearly periods, suggesting a slowdown in the collection of receivables.

Overall, while Jet Freight has demonstrated some positive indicators in profitability, the significant challenges in sales and operational performance are noteworthy. The company saw an adjustment in its evaluation based on these results.