Are Peninsula Land latest results good or bad?

Peninsula Land has reported its financial results for the quarter ending March 2025, which reflect a challenging operational landscape. The company experienced a notable decline in key financial metrics, with Profit Before Tax (PBT) recorded at Rs -16.38 crore, significantly lower than the average PBT of the prior four quarters. Similarly, Profit After Tax (PAT) fell to Rs -16.88 crore, contrasting sharply with the average PAT from previous quarters.
Net sales also faced a downturn, decreasing to Rs 63.09 crore, which is a reduction compared to the average sales in the preceding quarters. This decline in sales aligns with a broader trend, as the quarterly results indicate a QoQ growth of -37.18% in net sales when compared to the previous quarter.

Additionally, the company's interest expenses have risen, suggesting increased borrowing costs, which may further strain financial performance. The earnings per share (EPS) reached Rs -0.87, highlighting the challenges in profitability. Despite a rise in non-operating income to Rs 7.93 crore, the sustainability of this increase is uncertain.

Overall, the financial results for Peninsula Land indicate significant operational challenges, and the company saw an adjustment in its evaluation in light of these results.