Are Riddhi Siddhi Gl latest results good or bad?

Riddhi Siddhi Gluco Biols has reported its financial results for the quarter ending March 2025, which indicate significant challenges for the company. The net sales for this quarter were recorded at Rs 28.02 crore, reflecting a year-on-year decline of 44.72%, a notable shift from the previous year's performance. This decline raises concerns regarding the company's revenue generation capabilities and overall market position.
The Profit After Tax (PAT) also experienced a substantial drop, reported at Rs 3.34 crore, which represents an 89% decrease compared to the same quarter last year. This decline in profitability is indicative of underlying operational difficulties.

Furthermore, the operating profit has reached a concerning low, with a reported figure of Rs -3.44 crore, leading to an operating profit margin of -12.28%. The Profit Before Tax (PBT) was similarly low at Rs -10.12 crore, marking a challenging financial environment for the company.

Additionally, interest expenses have risen by 43.37% over the preceding nine months, suggesting increased borrowing costs that could further strain financial resources. On a different note, non-operating income surged to Rs 26.14 crore, which accounted for 163.17% of PBT, raising questions about the sustainability of this income source.

Overall, the financial results indicate that Riddhi Siddhi Gluco Biols is facing significant operational challenges. The company saw an adjustment in its evaluation, reflecting the current financial landscape and operational performance.