Are Sula Vineyards latest results good or bad?

Sula Vineyards has reported its financial results for the quarter ending March 2025, which indicate a challenging operational environment. The company experienced a notable decline in key financial metrics compared to the previous quarters. Profit Before Tax (PBT) fell to Rs 12.55 crore, reflecting a significant decrease from the average of the preceding four quarters. Profit After Tax (PAT) also saw a reduction, reaching Rs 13.03 crore, down from prior averages.
Net sales for the quarter totaled Rs 125.71 crore, which represents a downturn from the average of Rs 143.99 crore in earlier periods. The operating profit, measured as PBDIT, dropped to Rs 28.46 crore, marking the lowest level in five quarters, with the operating profit margin declining to 22.64%. Additionally, earnings per share (EPS) decreased to Rs 1.54, indicating lower profitability for shareholders.

The quarterly results also show a significant decline in growth rates, with net sales and consolidated net profit both reflecting negative growth compared to the previous quarter. Overall, Sula Vineyards is navigating a difficult financial landscape, and the company saw an adjustment in its evaluation in light of these results.