Are Ruby Mills latest results good or bad?

Ruby Mills has released its financial results for the quarter ending June 2025, revealing a mixed operational performance. For the latest six months, the company reported net sales of Rs 151.13 crore, which reflects a year-on-year growth of 25.05%. Additionally, the profit after tax (PAT) for the nine-month period reached Rs 42.77 crore, surpassing the previous year's figure of Rs 38.87 crore, indicating that Ruby Mills has exceeded its sales figures from the prior year within just nine months.
However, the quarterly results show a decline in key metrics compared to the previous quarter. Net sales for the quarter ended June 2025 decreased by 14.70% compared to the previous quarter, while standalone net profit experienced a decline of 24.67%. The operating profit, excluding other income, also saw a reduction of 21.40%.

A notable concern for Ruby Mills is its reliance on non-operating income, which constitutes 55.30% of its profit before tax (PBT). This heavy dependence on income from non-business activities raises questions about the sustainability of its business model.

In light of these developments, the company saw an adjustment in its evaluation over the past three months.