Are National Standar latest results good or bad?

National Standard (India) has reported its financial results for the quarter ending March 2025, revealing a mix of operational trends. The company achieved net sales of Rs 22.30 crore for the nine-month period, which surpasses the Rs 20.96 crore recorded in the previous twelve months, indicating a positive trend in overall sales performance.
However, the profitability aspect presents challenges, with Profit After Tax (PAT) for the latest six months at Rs 5.75 crore, marking a significant decline of 37.09% year-on-year. This decline raises concerns about the company's profitability sustainability, particularly as non-operating income accounted for 102.45% of Profit Before Tax (PBT), suggesting a heavy reliance on income from non-business activities. The non-operating income reached its highest level in five quarters at Rs 5.01 crore, which may pose risks moving forward.

In terms of quarterly performance, the company experienced a substantial decline in net sales for the quarter ended March 2025, with a reported change of -82.09% compared to the previous quarter. Conversely, the standalone net profit showed a growth of 67.44% in the same period, reflecting some operational recovery.

Overall, while National Standard has demonstrated growth in sales relative to prior periods, the significant challenges in profitability and reliance on non-operating income warrant careful consideration. Additionally, the company saw an adjustment in its evaluation over the last three months, reflecting the complexities of its financial landscape.