Are Rel. Indl. Infra latest results good or bad?

Reliance Industrial Infrastructure has reported its financial results for the quarter ending June 2025, which reflect a flat performance compared to previous quarters. The company experienced a slight decline in net sales, with a growth rate of -0.24%, contrasting with a positive growth of 1.05% in the previous quarter. Additionally, the consolidated net profit also saw a decline of -3.13%, following a growth of 16.79% in the prior quarter.
On a more positive note, the operating profit (PBDIT) reached Rs -1.99 crore, marking the highest figure in the last five quarters, and the operating profit margin improved to -15.97%, indicating enhanced operational efficiency. The profit before tax (PBT) also showed a positive trend, reaching Rs -1.81 crore, the highest in the same five-quarter period.

However, the company continues to face challenges, as the annual operating cash flow has declined to Rs -3.03 crore, maintaining a downward trend over the past three years. Furthermore, non-operating income accounted for 145.14% of the PBT, suggesting a significant reliance on non-business activities. The debtors turnover ratio decreased to 10.09 times, indicating a slowdown in the company's ability to manage its debts.

In summary, while Reliance Industrial Infrastructure has seen some operational improvements, it also faces ongoing challenges that may impact its overall financial health. The company saw an adjustment in its evaluation over the last three months.