Are Rajratan Global latest results good or bad?

Rajratan Global Wire has reported its financial results for the quarter ending June 2025, revealing several operational trends. The company's net sales experienced a decline of 1.95% compared to the previous quarter, which contrasts with a notable growth of 15.14% in the quarter ending March 2025. This decline in sales is accompanied by a decrease in consolidated net profit, which fell by 11.05% from the previous quarter, where it had shown a significant increase of 63.27%.
The operating profit, excluding other income, also saw a decline of 7.17%, down from a growth of 33.33% in the prior quarter. The operating profit margin, which stood at 12.55% in March 2025, has decreased slightly, indicating pressure on profitability.

On a positive note, Rajratan Global's cash and cash equivalents reached Rs 24.23 crore, marking the highest level in the last six half-yearly periods, suggesting an enhancement in short-term liquidity. However, the company faced challenges with rising interest expenses, which increased by 31.65% over the preceding nine months, totaling Rs 22.71 crore, indicating higher borrowing costs.

Additionally, non-operating income reached Rs 1.04 crore, the highest in five quarters, although the sustainability of this income remains uncertain. Overall, the company saw an adjustment in its evaluation, reflecting the mixed results of the quarter.