Are Trigyn Techno. latest results good or bad?

Trigyn Technologies has reported its financial results for the quarter ending March 2025, revealing a significant decline in key financial metrics. The Profit Before Tax (PBT) for the quarter was Rs 2.10 crore, which is substantially lower than the average PBT of Rs 5.64 crore over the previous four quarters, indicating a notable drop in profitability. Similarly, the Profit After Tax (PAT) decreased to Rs 2.56 crore, down from an average of Rs 7.06 crore during the same period.
In terms of sales performance, the net sales for the latest six months amounted to Rs 447.31 crore, reflecting a year-on-year decline of 30.22%, which raises concerns about the company's revenue generation capabilities. Additionally, a significant portion of the PBT, approximately 66.93%, was derived from non-operating income. This reliance on non-business activities may pose questions regarding the sustainability of Trigyn Technologies' business model.

On a quarterly basis, there was a reported growth in net sales of 16.32% compared to the previous quarter, which contrasts with the overall downward trend observed in the annual figures. The consolidated net profit also showed a quarterly growth of 108.13%, although this is in the context of a prior period that had a significantly high growth rate.

Overall, the financial results indicate challenges for Trigyn Technologies, with a noted adjustment in its evaluation reflecting the current sentiment surrounding the company's performance.