Are T N Petro Prod. latest results good or bad?

Tamil Nadu Petro Products has reported its financial results for the quarter ending March 2025, showcasing notable growth in several key metrics. The Profit Before Tax (PBT) reached Rs 17.89 crore, reflecting a significant increase compared to the average PBT of Rs 4.32 crore from the previous four quarters. Similarly, the Profit After Tax (PAT) was reported at Rs 17.73 crore, which is higher than the average PAT of Rs 9.71 crore in prior quarters, indicating a positive trend in profitability.
Operating Profit also demonstrated a strong performance, reaching Rs 25.89 crore, which is the highest level in the last five quarters, with an Operating Profit Margin of 5.69%. Additionally, Earnings per Share (EPS) rose to Rs 2.99, suggesting enhanced profitability for shareholders.

However, it is important to note that the company experienced a decline in Cash and Cash Equivalents, which fell to Rs 372.83 crore, marking the lowest level in the last six half-yearly periods and indicating a potential concern regarding short-term liquidity.

In terms of quarterly performance, the company reported a slight decline in Net Sales with a QoQ change of -1.19% compared to the previous quarter, while the Consolidated Net Profit showed a QoQ growth of 129.74%. The Operating Profit Margin remained relatively stable, with a slight change from the previous quarter.

Overall, while Tamil Nadu Petro Products has demonstrated strong growth in profitability metrics, the decline in cash reserves may warrant further attention. Additionally, the company saw an adjustment in its evaluation based on the latest financial results.