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%. Additionally, the company achieved its highest quarterly net sales in the last five quarters, amounting to Rs 224.25 crore, indicating a positive trend in sales.
However, the Profit Before Tax (PBT), excluding other income, has decreased to Rs 18.01 crore, which represents a decline compared to the average PBT of Rs 19.26 crore over the previous four quarters. This suggests a negative trend for PBT in the near term. Furthermore, while non-operating income has reached its highest level in five quarters at Rs 3.54 crore, the reliance on this income from non-business activities raises concerns regarding its sustainability.

In terms of quarterly results, J.G.Chemicals experienced a net sales growth of 7.26% compared to the previous quarter, while the consolidated net profit showed a decline of 9.55%. The operating profit, excluding other income, also saw a decrease of 15.67%. The operating profit margin, excluding other income, was noted at 8.69%, reflecting a decline of 2.36% from the previous quarter.

Overall, J.G.Chemicals' financial performance presents a complex picture as it navigates its operational landscape, and the company saw an adjustment in its evaluation based on these results.