Are One Mobikwik latest results good or bad?

One Mobikwik Systems has reported its financial results for the quarter ending March 2025, revealing a notable decline across several key metrics. The Profit Before Tax less Other Income (PBT) was recorded at Rs -69.20 crore, which represents a significant deterioration compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) stood at Rs -55.71 crore, reflecting a substantial decline from the prior averages.
Net sales for the quarter totaled Rs 265.85 crore, indicating a decrease from the average sales figures of the last four quarters. The operating profit (PBDIT) reached Rs -57.20 crore, marking the lowest level in five quarters, accompanied by an operating profit margin of -21.52%, suggesting challenges in operational efficiency.

Earnings per share (EPS) fell to Rs -7.17, also the lowest recorded in five quarters, highlighting a trend of declining profitability. Notably, there was an increase in non-operating income, which rose to Rs 13.49 crore, the highest in the last five quarters, although this increase may not be indicative of sustainable performance.

Overall, the financial data indicates that One Mobikwik Systems is facing significant operational challenges, and the company has experienced an adjustment in its evaluation in light of these results.