Are PNC Infratech latest results good or bad?

PNC Infratech has reported its financial results for the quarter ending March 2025, which reveal significant challenges in its operational performance. The company's Profit Before Tax (PBT) has dropped to Rs 88.48 crore, a substantial decline compared to the average PBT of Rs 360.05 crore over the previous four quarters. Similarly, Profit After Tax (PAT) has decreased to Rs 75.48 crore, down from an average of Rs 283.98 crore in prior quarters.
Net sales have also shown a downward trend, falling to Rs 1,704.11 crore, which is lower than the average of Rs 1,916.18 crore in the last four quarters. The operating profit margin has reached its lowest level in five quarters at 21.26%, indicating a decline in operational efficiency. Additionally, the interest expense has risen by 21.85% over the past nine months, totaling Rs 661.28 crore, which suggests increasing borrowing costs for the company.

Earnings per share (EPS) have fallen to Rs 2.94, marking the lowest level in five quarters. Notably, non-operating income has surged to 41.40% of PBT, raising concerns about the sustainability of PNC Infratech's business model.

In light of these results, the company saw an adjustment in its evaluation, reflecting the operational challenges it faces. Overall, the financial data indicates a period of significant difficulty for PNC Infratech, with declining profitability and rising costs impacting its performance.