Are Sancode Tech. latest results good or bad?

Sancode Technologies has reported its financial results for the quarter ending September 2024, highlighting several operational trends. The company has experienced a notable adjustment in its evaluation over the past three months.
In terms of financial performance, the net sales for the quarter showed a decline compared to the previous quarter, with a growth rate of -20.59%. This contrasts with a significant growth rate of 126.67% in the prior quarter. However, the standalone net profit demonstrated a substantial increase, with a growth rate of 380.00%, indicating a strong turnaround in profitability despite the decrease in sales.

The operating profit (PBDIT) for the quarter was recorded at Rs -0.02 crore, marking the highest level in the last five quarters, although it still reflects a negative value. The operating profit margin also showed a change, moving from -7.41% in the previous quarter, suggesting some improvement in operational efficiency.

Profit before tax (PBT) also reached its highest in five quarters at Rs -0.03 crore, while profit after tax (PAT) was reported at Rs 0.14 crore, again the highest in the last five quarters. Additionally, earnings per share (EPS) rose to Rs 0.34, indicating an increase in profitability for shareholders.

Overall, Sancode Technologies has shown a mixed financial performance in this quarter, with a decline in sales but significant improvements in profit metrics and earnings per share.