Are Marathon Nextgen latest results good or bad?

Marathon Nextgen Realty's financial results for the quarter ending March 2025 present a mixed picture. The company reported a Profit After Tax (PAT) of Rs 53.30 crore, which is the highest in the last five quarters and reflects a growth of 23.2% compared to the average PAT of Rs 43.27 crore from the previous four quarters. This indicates enhanced profitability for shareholders, as evidenced by an Earnings per Share (EPS) of Rs 10.41, also the highest in the last five quarters.
On the other hand, the company encountered challenges. The Profit Before Tax (PBT), excluding other income, declined to Rs 22.56 crore, which represents a decrease of 25.9% from the previous four-quarter average. Additionally, net sales for the latest six months fell by 25.67% year on year, suggesting a negative trend in sales performance. The rising interest costs, which surged by 109.56% quarter on quarter, have raised concerns regarding the company's capacity to manage its financial obligations, as indicated by the lowest operating profit to interest ratio of 2.27 times in the last five quarters.

In terms of quarterly performance, net sales showed a growth of 20.45% compared to the previous quarter, while consolidated net profit increased by 11.30%. However, the operating profit margin, excluding other income, experienced a slight decline of 1.74%. Overall, the company saw an adjustment in its evaluation, reflecting the complexities of its operational performance during this period.