Are Nimbus Projects latest results good or bad?

Nimbus Projects has reported its financial results for the quarter ending March 2025, which indicate a significant decline across key performance metrics. The Profit Before Tax less Other Income (PBT) has fallen to Rs -152.82 crore, contrasting sharply with the average PBT of Rs 31.15 crore from the previous four quarters. Similarly, the Profit After Tax (PAT) has dropped to Rs -113.52 crore, a stark deviation from the average PAT of Rs 21.92 crore in prior periods.
The company's operating profit, measured as Profit Before Depreciation, Interest, and Tax (PBDIT), has reached Rs -136.09 crore, marking its lowest level in five quarters. Additionally, the Earnings per Share (EPS) has also declined to Rs -104.72, reflecting a downturn in profitability and earnings for shareholders.

In terms of sales performance, net sales experienced a decline of 62.10% compared to the previous quarter, which had shown a growth rate of 277.59%. The consolidated net profit also reflected a significant negative change of 312.27% from the prior quarter's performance.

Overall, the financial data for Nimbus Projects suggests a negative trend in its operational performance for the reported quarter. Furthermore, the company saw an adjustment in its evaluation, reflecting the challenges faced in its financial results.