Are Nocil latest results good or bad?

Nocil's financial results for the quarter ending June 2025 reflect several challenges in its operational performance. The company's Profit After Tax (PAT) has declined significantly to Rs 17.26 crore, which is a notable decrease compared to the average PAT of the previous four quarters. This trend indicates ongoing difficulties in maintaining profitability.
The operating cash flow has reached its lowest level in three years at Rs 24.03 crore, highlighting a consistent decline in cash revenues from business operations. Additionally, the Profit Before Tax (PBT) has also shown a downturn, reported at Rs 16.54 crore, which is lower than the average PBT from the prior quarters.

Nocil's net sales experienced a slight decline of 1.02% compared to the previous quarter, contrasting with a growth of 6.78% in the prior period. The operating profit margin, excluding other income, has also decreased to 9.10%, down from 10.07% in the previous quarter.

Furthermore, the company has opted to reduce its dividend per share to Rs 2.00, marking the lowest dividend in the last five years, which suggests a shift in its financial strategy. Overall, these results have raised concerns regarding Nocil's operational stability and profitability, leading to an adjustment in its evaluation.