Are Subex latest results good or bad?

Subex has reported financial results for the quarter ending March 2025 that reflect significant challenges across various metrics. The company's Profit Before Tax (PBT) has recorded a substantial negative figure of Rs -16.88 crore, which is notably lower than the average PBT from the previous four quarters. Similarly, the Profit After Tax (PAT) stands at Rs -17.60 crore, indicating a considerable decline compared to prior performance levels.
In terms of revenue, Subex's net sales have decreased to Rs 70.60 crore, which is a reduction from the average of the last four quarters. The operating profit has also reached a low point at Rs -13.00 crore, with an operating profit margin of -18.41%, suggesting a decline in operational efficiency. Although there has been an increase in non-operating income to Rs 2.76 crore, this may not be indicative of a sustainable trend.

Additionally, the company saw an adjustment in its evaluation during this period, reflecting the overall negative performance trends. The quarterly results indicate a decrease in net sales and operating profit, alongside a significant drop in both PBT and PAT, highlighting the operational difficulties faced by Subex in this reporting period.