Are Tinna Rubber latest results good or bad?

Tinna Rubber & Infrastructure has reported its financial results for the quarter ending March 2025, which reveal a mixed operational performance. The net sales for the latest six months reached Rs 251.71 crore, showing a year-on-year growth of 24.07%, indicating some resilience in the company's sales activities. However, the quarterly results reflect a decline in profitability metrics, with profit before tax (PBT) at Rs 13.42 crore, down 30.61% year-on-year, and profit after tax (PAT) decreasing to Rs 12.60 crore, a reduction of 19.5% from the previous year.
The interest expenses have notably increased, with a nine-month figure of Rs 8.46 crore, reflecting a growth of 41.47%. This rise suggests that Tinna Rubber may be relying more heavily on borrowings, which could impact future financial stability. On a more positive note, the company recorded its highest non-operating income in five quarters at Rs 2.96 crore, although the sustainability of this increase remains uncertain.

Overall, while Tinna Rubber has demonstrated growth in sales, the decline in profitability and rising interest expenses indicate significant challenges that the company is currently facing. Additionally, the company saw an adjustment in its evaluation based on these results.