Are Krishanveer Forg latest results good or bad?

Krishanveer Forge has released its financial results for the quarter ending March 2025, which present a mixed picture of the company's performance. The company reported a Profit After Tax (PAT) of Rs 3.89 crore for the nine-month period, reflecting a year-on-year growth of 36.97%, indicating some resilience in earnings. However, net sales for the quarter totaled Rs 19.82 crore, which represents an 8.3% decline compared to the average net sales of Rs 21.62 crore over the previous four quarters, suggesting challenges in near-term sales performance.
In terms of quarterly results, there was a reported net sales growth of 9.14% compared to the previous quarter, which contrasts with the decline experienced in the prior quarter. The standalone net profit also showed a growth of 19.83% from the previous quarter, indicating an upward trend in profitability. However, the operating profit margin experienced a slight contraction, reflecting some operational challenges.

Additionally, the company saw an adjustment in its evaluation over the past three months. Overall, while there are positive trends in profitability, the decline in net sales and the adjustment in evaluation suggest that Krishanveer Forge is navigating a complex operational landscape.