Are Vakrangee latest results good or bad?

Vakrangee has reported its financial results for the quarter ending March 2025, showcasing notable developments in its performance metrics. The profit before tax (PBT) reached Rs 2.14 crore, reflecting a substantial growth compared to the average PBT of Rs 1.31 crore over the previous four quarters. Similarly, the profit after tax (PAT) stood at Rs 2.54 crore, indicating an increase from the average PAT of Rs 1.66 crore during the same period.
In terms of net sales, the company achieved Rs 131.06 crore over the last six months, which represents a year-on-year growth of 24.29%. The earnings per share (EPS) also reached its highest level in the last five quarters at Rs 0.02, suggesting a positive trend in profitability.

However, it is important to note that a significant portion of the PBT, specifically 42.01%, was derived from non-operating income, with the highest quarterly figure recorded at Rs 1.55 crore in the last five quarters. This reliance on non-business activities raises questions regarding the sustainability of its income model.

Additionally, when examining the quarterly results, net sales experienced a decline of 6.92% compared to the previous quarter, while consolidated net profit saw a notable increase of 113.45%. The operating profit margin, excluding other income, was reported at 10.83%, reflecting a change from the prior quarter.

Overall, Vakrangee's results indicate a mix of positive growth in profits and sales, alongside challenges related to income sustainability and fluctuations in quarterly performance. The company saw an adjustment in its evaluation based on these results.