yes, there is truth to it
the quote tries to make us realize the distinction between intentions and the actual actions we take and how those actions influence ourselves and others.
Some philosophical thought (deontological) places emphasis on one's intentions and states that as long as the intentions are noble, the outcome doesn't matter. Here, the quote tries to explain that even if the intentions are good, the outcomes may not be. Hence, only the end action and end result should be considered because good intentions are simply not enough because they are not necessarily correlated to correct actions and desirable consequences.
