Are North Eastn.Car. latest results good or bad?

North Eastern Carrying Corporation has reported its financial results for the quarter ending March 2025, which indicate several notable trends. The Profit Before Tax (PBT) has significantly declined to Rs 0.57 crore, reflecting an 83.3% decrease compared to the average PBT from the previous four quarters. This decline highlights challenges in the company's near-term profitability.
The Profit After Tax (PAT) for the last six months is recorded at Rs 3.70 crore, showing a year-on-year decline of 31.23%. Additionally, the Operating Profit (PBDIT) has reached its lowest level in five quarters at Rs 2.50 crore, with an operating profit margin of just 2.84%. The Earnings per Share (EPS) has also decreased to Rs 0.18, indicating reduced profitability for shareholders.

In terms of sales performance, the company reported a net sales growth of 8.70% for the quarter ended March 2025, compared to a decline of 1.09% in the previous quarter. However, the standalone net profit has shown a decline of 9.28% in the same period, although this is an improvement from the previous quarter's decline of 32.40%.

The Operating Profit to Interest ratio has fallen to its lowest point in five quarters at 1.87 times, suggesting challenges in managing interest payments. Overall, the financial data reflects a complex scenario for North Eastern Carrying Corporation, with some areas showing growth while others indicate significant declines.

It is also noted that the company saw an adjustment in its evaluation based on these financial results.