Are Bodhtree Consul. latest results good or bad?

Bodhtree Consulting's latest financial results for Q2 FY26 reflect significant operational challenges and volatility. The company reported net sales of ₹0.33 crores, which represents a substantial quarter-on-quarter decline of 81.25% from the previous quarter's ₹2.32 crores. This decline follows a pattern of extreme revenue fluctuations, as seen in the previous quarter where sales had surged by 603.03%.
The net profit for Q2 FY26 was a loss of ₹0.06 crores, which, while an improvement from the ₹0.62 crores loss in Q1 FY24, still indicates ongoing financial distress. The operating margin remained deeply negative at -21.21%, highlighting persistent inefficiencies in operations. The company's five-year sales compound annual growth rate (CAGR) stands at -43.77%, indicating a long-term structural decline in revenue generation.

On a half-yearly basis, Bodhtree reported revenue of ₹5.49 crores for H1 FY26, with a positive net profit of ₹0.73 crores, suggesting some recovery; however, this must be viewed with caution given the extreme volatility in quarterly performance. The company's operational challenges are further underscored by a significant reduction in promoter shareholding from 93.17% to 73.17%, raising concerns about management confidence in the business's future.

The financial data indicates that Bodhtree Consulting has experienced a revision in its evaluation, reflecting the convergence of multiple negative factors, including revenue volatility, persistent losses, and declining shareholder equity. The absence of institutional investor interest further complicates the outlook for the company, emphasizing the need for careful monitoring of its operational stability and financial health in the coming quarters.