Are Spel Semiconduct latest results good or bad?

Spel Semiconductor has reported its financial results for the quarter ending March 2025, which indicate a challenging operational environment for the company. The Profit Before Tax (PBT) was recorded at Rs -3.52 crore, representing a notable decline compared to the average PBT of Rs -2.22 crore over the previous four quarters, marking the lowest PBT in the last five quarters. This trend suggests ongoing difficulties in achieving profitability.
The Profit After Tax (PAT) also reflected a downturn, reported at Rs -2.68 crore, which is a decrease from the average PAT of Rs -1.99 crore in prior quarters. Additionally, the operating profit (PBDIT) reached its lowest level at Rs -2.76 crore in five quarters, further underscoring the company's operational struggles.

Earnings per Share (EPS) fell to Rs -1.73, indicating a reduction in earnings for shareholders and highlighting the overall decline in profitability.

On a quarterly basis, the net sales showed a growth of 29.63% compared to the previous quarter, although this was lower than the 35.97% growth seen in December 2024. Conversely, the standalone net profit exhibited a decline of 65.98% from the prior quarter, reflecting significant challenges in maintaining profitability.

Overall, Spel Semiconductor's financial results illustrate a difficult period for the company, characterized by declining profitability and operational challenges. Additionally, the company saw an adjustment in its evaluation based on these results.