Are Kesar Enterprise latest results good or bad?

Kesar Enterprises has reported significant operational challenges in its latest financial results for the quarter ended September 2025. The company recorded a net profit of ₹-19.47 crores, marking its sixth consecutive quarter of losses, with cumulative deficits exceeding ₹90 crores over the past 18 months. Revenue for the quarter fell to ₹13.66 crores, reflecting a substantial decline of 32.41% quarter-on-quarter and a staggering 63.59% year-on-year decrease. This represents the lowest quarterly revenue in the company's recent history.
The operating margin for Kesar Enterprises was reported at a negative 81.11%, indicating severe operational distress, as the company is losing more than ₹80 for every ₹100 of revenue generated. This margin has deteriorated significantly from previous quarters, highlighting the ongoing crisis in operational performance. Furthermore, the profit after tax margin of negative 142.53% represents the worst performance in eight quarters, suggesting that the company is facing critical financial difficulties.

The financial data indicates that the company's fixed costs, including employee costs and interest expenses, are far exceeding its revenue generation capacity. This mismatch raises serious concerns about the sustainability of its business model. Additionally, Kesar Enterprises has seen a notable decline in shareholder equity, with a negative book value per share, which poses risks of potential insolvency.

In light of these developments, the company saw an adjustment in its evaluation, reflecting the severity of its operational challenges and deteriorating financial condition. Overall, Kesar Enterprises is currently navigating a critical phase, with significant risks to its operational viability and financial stability.