Are PMC Fincorp latest results good or bad?

PMC Fincorp has reported its financial results for the quarter ending March 2025, which reveal a complex picture. While net sales for the nine-month period reached Rs 15.55 crore, reflecting a year-on-year growth of 37%, this positive aspect is overshadowed by significant declines in profitability metrics.
In the latest quarter, net sales experienced a quarter-on-quarter decline of 26.13%, which contrasts with the previous quarter's performance. Operating profit also saw a notable decrease, with a quarter-on-quarter decline of 47.28%, marking the lowest level in the last five quarters. Furthermore, standalone net profit fell sharply by 77.57% compared to the previous quarter, indicating a substantial reduction in profitability.

The company's profit before tax (PBT) and profit after tax (PAT) also reflected serious downturns, with PBT dropping to Rs 1.47 crore, a decline of 75.1% from the average of the last four quarters, and PAT falling to Rs 0.85 crore, down 82% from the average in the same timeframe. The earnings per share (EPS) further illustrate the declining profitability, dropping to Rs 0.01.

Additionally, there has been an adjustment in the company's evaluation, reflecting the negative trends in its financial performance. Overall, the results indicate a challenging period for PMC Fincorp, characterized by declining profitability despite some growth in net sales.