Are Olectra Greentec latest results good or bad?

Olectra Greentech has reported its financial results for the quarter ending March 2025, showcasing notable growth in several key metrics. The company achieved net sales of Rs 448.92 crore, reflecting a year-on-year growth of 55.44%. This marks a significant turnaround from the previous year's decline. Profit Before Tax (PBT) also demonstrated strong performance, amounting to Rs 24.72 crore, which is a 61.15% increase compared to the same quarter last year. Additionally, Profit After Tax (PAT) reached Rs 21.00 crore, indicating a year-on-year growth of 53.2%.
However, Olectra Greentech is facing challenges with a substantial rise in interest expenses, which surged to Rs 19.60 crore, marking an 82.33% increase quarter-on-quarter. This increase in interest costs suggests heightened borrowings, which could pose risks to the company's financial stability moving forward.

Overall, while Olectra Greentech has demonstrated robust growth in sales and profits, the rising interest expenses are a concern for its financial health. Furthermore, the company saw an adjustment in its evaluation based on these results.