Are Mena Mani Inds. latest results good or bad?

Mena Mani Industries has reported its financial results for the quarter ending March 2025, showing a notable year-on-year growth in net sales, which reached Rs 14.14 crore, reflecting a growth of 46.38% compared to the previous year. This indicates a strong sales performance in the near term. However, the company is facing challenges in profitability metrics, with operating profit (PBDIT) declining to Rs -0.81 crore, marking the lowest point in five quarters. Profit before tax (PBT) also fell to Rs -0.87 crore, indicating a negative trend in profitability. Additionally, earnings per share (EPS) decreased to Rs -0.05, the lowest in the last five quarters, suggesting a decline in earnings for shareholders.
In the subsequent quarter ending June 2025, Mena Mani Industries experienced a significant decline in net sales, with a QoQ change of -55.54%. However, standalone net profit showed a positive change of 132.65%, indicating a recovery from the previous quarter's negative performance. Operating profit margin (excluding other income) also reflected a change, moving from 4.60% in March to a lower figure in June, highlighting ongoing challenges in maintaining profitability.

Overall, while Mena Mani Industries has demonstrated strong sales growth, the company is navigating mixed results in profitability, leading to an adjustment in its evaluation over the past three months.