Are Trigyn Techno. latest results good or bad?

Trigyn Technologies has reported its financial results for the quarter ending March 2025, which reflect notable challenges in its operational performance. The Profit Before Tax (PBT) for this quarter was Rs 2.10 crore, representing a significant decline of 62.8% compared to the average PBT of Rs 5.64 crore over the previous four quarters. Similarly, the Profit After Tax (PAT) decreased to Rs 2.56 crore, down 63.8% from the average PAT of Rs 7.06 crore during the same period.
In terms of sales, the company reported net sales of Rs 447.31 crore for the latest six months, which indicates a year-on-year decline of 30.22%. This decline in sales raises concerns regarding the company's financial sustainability. Additionally, it is noteworthy that non-operating income accounted for 66.93% of the PBT, suggesting a reliance on income from non-core business activities.

The quarterly results also show a QoQ growth in net sales of 16.32% compared to the previous quarter, which contrasts with the overall downward trend in annual performance. The consolidated net profit for the quarter exhibited a QoQ growth of 108.13%, although this is a decrease from the previous quarter's growth rate. The operating profit margin, excluding other income, was reported at 2.17%, reflecting a change from the prior period.

Overall, the financial results indicate significant operational challenges for Trigyn Technologies. The company has experienced an adjustment in its evaluation, reflecting the negative sentiment surrounding its recent performance.