Are Machino Plastics latest results good or bad?

Machino Plastics has reported its financial results for the quarter ending March 2025, showcasing notable operational trends. The company achieved a profit before tax (PBT) of Rs 2.62 crore, reflecting a year-on-year growth of 120.17%. Profit after tax (PAT) reached Rs 3.50 crore, which represents a substantial increase of 184.6% compared to the previous year. Furthermore, net sales for the quarter amounted to Rs 107.16 crore, indicating a year-on-year growth of 30.95%, marking the highest sales figure recorded in the last five quarters. Earnings per share (EPS) also reached Rs 5.70, the highest in the same period.
However, the company is facing challenges with rising interest expenses, which have increased to Rs 9.47 crore, a 64.12% rise over the preceding nine months. This increase in interest costs has led to a declining operating profit to interest ratio of 2.57 times, suggesting potential difficulties in managing interest payments.

Additionally, the company saw an adjustment in its evaluation over the past three months. Overall, while Machino Plastics has demonstrated significant growth in key financial metrics, it is also contending with rising interest expenses that may impact its financial management moving forward.