Are Ratnaveer Precis latest results good or bad?

Ratnaveer Precision Engineering has reported its financial results for the quarter ending March 2025, revealing a mixed performance. Over the latest six months, the company achieved a Profit After Tax (PAT) of Rs 22.02 crore, which reflects a year-on-year growth of 48.08%. Additionally, net sales for the same period reached Rs 457.67 crore, indicating a year-on-year increase of 36.52%. These figures suggest a favorable trend in profitability and sales for the company.
However, the quarterly results indicate some challenges. The Profit Before Tax (PBT), excluding other income, was reported at Rs 10.18 crore for the latest quarter, which represents a decline compared to the average PBT of Rs 11.85 crore from the previous four quarters. This suggests a negative trend in this area.

In terms of quarterly performance, Ratnaveer Precision Engineering experienced a net sales decline of 20.21% compared to the previous quarter, while standalone net profit saw a decrease of 5.31%. The operating profit, excluding other income, also faced a decline of 18.62%. Despite these challenges, the operating profit margin remained relatively stable at 8.08%.

Additionally, the company saw an adjustment in its evaluation over the last three months, reflecting a shift in performance metrics. Overall, while Ratnaveer Precision Engineering has demonstrated strong year-on-year growth in key financial metrics, recent quarterly results highlight some areas of concern that may need to be addressed.