Are JITF Infra Logis latest results good or bad?

JITF Infra Logistics has reported its financial results for the quarter ending March 2025, showcasing a mixed performance. The company achieved a profit before tax (PBT) of Rs 3.03 crore, reflecting a year-on-year growth of 109.57%, which is the highest PBT recorded in the last five quarters. Additionally, net sales reached Rs 787.52 crore, marking a year-on-year growth of 20.59%, also the highest in the same five-quarter period. The operating profit (PBDIT) stood at Rs 129.41 crore, indicating an improvement in operational efficiency.
However, the company faced significant challenges as well. The profit after tax (PAT) showed a substantial decline, falling to Rs -29.65 crore, which represents a year-on-year decrease of 742.8%. This decline raises concerns about profitability. Furthermore, interest expenses increased to Rs 99.91 crore, the highest in five quarters, suggesting rising borrowing costs. Notably, a large portion of the PBT, approximately 81.57%, was derived from non-operating income, which may raise questions regarding the sustainability of the business model. The earnings per share (EPS) dropped to Rs -11.50, the lowest level in five quarters.

Overall, while JITF Infra Logistics demonstrated strong growth in net sales and operating profit, the substantial decline in PAT and rising interest expenses highlight ongoing challenges. The company saw an adjustment in its evaluation, reflecting these mixed operational trends.