Are One 97 latest results good or bad?

One 97 Communications has reported its financial results for the quarter ending June 2025, highlighting several key operational trends. The company achieved a Profit After Tax (PAT) of Rs 138.67 crore, a notable growth compared to the previous average PAT of Rs -367.31 crore over the last four quarters. This reflects a significant turnaround in profitability.
Net sales reached a record high of Rs 1,917.50 crore, indicating consistent growth over the last five quarters, although the quarter-on-quarter growth rate showed a slight decline to 0.31% from 4.58% in the previous quarter. The operating profit also recorded a quarterly high at Rs 71.50 crore, with an operating profit margin of 3.73%. However, the Profit Before Tax (PBT) remained negative at Rs -98.20 crore, despite being the highest in recent quarters, suggesting ongoing challenges within the operational framework.

Additionally, it is noteworthy that One 97's non-operating income constituted 168.58% of its PBT, raising questions about the sustainability of its business model. The non-operating income peaked at Rs 241.40 crore, indicating a reliance on income from non-business activities.

In terms of evaluation, the company saw an adjustment in its evaluation over the last three months. Overall, while One 97 Communications has shown a positive trend in profitability and sales, the reliance on non-operating income and the negative PBT highlight areas that may require further attention.