Are Mirza Internatio latest results good or bad?

Mirza International has reported its financial results for the quarter ending March 2025, which reflect significant challenges in its operational performance. The net sales for this quarter amounted to Rs 121.95 crore, representing a decline of 20.3% compared to the average net sales of Rs 152.92 crore over the previous four quarters. This trend highlights ongoing difficulties for the company in maintaining sales momentum.
Profit Before Tax (PBT) was reported at Rs -4.60 crore, indicating a substantial decline of 5073.0% from the average PBT of Rs 0.09 crore in the prior four quarters. Similarly, Profit After Tax (PAT) fell to Rs -4.40 crore, a drop of 950.2% compared to the average PAT of Rs 0.52 crore from the previous four quarters. These figures suggest a challenging financial environment for Mirza International.

Additionally, the company experienced a significant increase in interest expenses, which rose by 50.59% to Rs 6.37 crore over the latest six months, indicating a rise in borrowings that may further strain its financial position.

Despite these challenges, there are some signs of operational recovery in the most recent quarter. The quarterly results show a QoQ growth in net sales of 6.62% compared to the previous quarter, along with a 22.67% growth in consolidated net profit. Operating profit also saw a notable increase, suggesting some positive operational trends may be emerging.

Overall, Mirza International's financial performance indicates substantial challenges, but recent quarterly results show some potential for recovery. The company saw an adjustment in its evaluation, reflecting the complexities of its current financial landscape.