Are NINtec Systems latest results good or bad?

NINtec Systems has reported its financial results for the quarter ending March 2025, showcasing a notable performance in terms of net sales and profitability. The company achieved its highest quarterly net sales at Rs 37.85 crore, reflecting consistent growth over the last five quarters. This represents a year-on-year growth of 20.15%, although this is a decrease compared to the previous year's growth rate of 85.49%.
Profit After Tax (PAT) also reached a record Rs 7.35 crore, indicating a year-on-year growth of 37.69%, which is lower than the previous year's growth of 143.23%. Additionally, the Earnings per Share (EPS) rose to Rs 3.96, marking the highest level in the last five quarters.

However, NINtec Systems faces challenges as its non-operating income has peaked at Rs 2.07 crore, which raises concerns about the sustainability of this income source. Furthermore, the company saw an adjustment in its evaluation over the past three months.

Overall, while NINtec Systems has demonstrated strong sales and profit figures, the decline in growth rates and the reliance on non-operating income may warrant closer scrutiny moving forward.