Are Relic Technologies Ltd latest results good or bad?

Relic Technologies Ltd has reported its financial results for the quarter ending June 2025, which reveal a complex financial landscape. The company has recorded its highest cash and cash equivalents in the last six half-yearly periods at Rs 7.37 crore, indicating an enhancement in short-term liquidity. However, several key financial metrics indicate challenging trends. The Profit Before Tax less Other Income (PBT) has declined significantly to Rs -1.54 crore, which is a notable shift compared to the average PBT of the previous four quarters. Additionally, the operating profit (PBDIT) has reached its lowest level in five quarters at Rs -1.43 crore, and the earnings per share (EPS) have also shown a decline, recorded at Rs -7.15. In the subsequent quarter ending December 2025, the financial metrics continue to reflect adverse trends. The net sales have experienced a decline of 46.67% compared to the previous quarter, while the consolidated net profit has shown a drastic change, with a reported figure of Rs -0.48 crore. The operating profit margin has also been significantly negative, indicating ongoing operational challenges. Overall, Relic Technologies Ltd is navigating a difficult financial environment, with the company experiencing an adjustment in its evaluation based on the latest results.