Are Thinkink Picturez Ltd latest results good or bad?

The latest financial results for Thinkink Picturez Ltd for Q2 FY26 indicate significant operational challenges. The company reported a net profit of ₹0.02 crores, which reflects a substantial decline of 95.65% year-on-year from ₹0.46 crores in Q2 FY25. Similarly, revenue for the quarter was ₹0.15 crores, marking an 87.18% decrease compared to ₹1.17 crores in the same quarter last year. This dramatic contraction in revenue raises concerns about the company's business model and its ability to maintain operational momentum. Operating profit, excluding other income, fell to ₹0.04 crores, down from ₹0.80 crores in the previous quarter, resulting in an operating margin of 26.67%. While this margin may appear reasonable, it is overshadowed by the low revenue base and a significant sequential decline of 48.80 percentage points from the previous quarter. The profit after tax (PAT) margin also saw a notable contraction to 13.33%, down from 50.00% in Q1 FY26. The company's financial metrics reveal a troubling trend of extreme revenue volatility, with sales fluctuating dramatically over recent quarters, suggesting potential issues with business sustainability. Additionally, the absence of promoter holding and minimal institutional interest further complicate the company's outlook, indicating a lack of confidence from key stakeholders. In light of these results, Thinkink Picturez Ltd experienced an adjustment in its evaluation, reflecting the ongoing concerns about its operational viability and financial health. The overall performance metrics suggest that the company is facing severe structural weaknesses that need to be addressed for any potential recovery.