Are MKVentures Cap. latest results good or bad?

MKVentures Capital has reported its financial results for the quarter ending March 2025, which indicate significant challenges in its operational performance. The company experienced a notable decline in key financial metrics compared to prior periods.
Profit Before Tax less Other Income (PBT) for the quarter was recorded at Rs -7.31 crore, a considerable drop from the average PBT of Rs 6.30 crore over the previous four quarters. Similarly, Profit After Tax (PAT) fell to Rs -5.30 crore, reflecting a decline from the average PAT of Rs 5.18 crore in earlier quarters.

Net sales for the last six months amounted to Rs 10.74 crore, which represents a year-on-year decrease of 36.26%. The operating profit (PBDIT) was reported at Rs -6.65 crore, marking the lowest level in the last five quarters, which suggests a decline in operational efficiency. The operating profit margin was reported at 0.00%, indicating ongoing challenges for the company. Additionally, earnings per share (EPS) decreased to Rs -13.80, highlighting the reduced profitability for shareholders.

The quarterly results also show a QoQ decline in net sales of 63.36% compared to the previous quarter, alongside a QoQ decline in consolidated net profit of 198.33%. The operating profit margin also reflected a significant negative change.

Overall, MKVentures Capital's latest financial results demonstrate a challenging operational environment, leading to an adjustment in its evaluation.