Are Mahaveer Infoway latest results good or bad?

Mahaveer Infoway has reported its financial results for the quarter ending March 2025, with some notable trends and metrics worth highlighting. The company experienced flat financial performance during this quarter, with a significant adjustment in its evaluation over the past three months.
In terms of financial metrics, Mahaveer Infoway's net sales for the quarter showed a decline of 60.94% compared to the previous quarter, which had already seen a decrease of 37.25%. This trend indicates a challenging sales environment for the company. Additionally, the standalone net profit exhibited a substantial decline of 284.62% in the same period, following an earlier decline of 18.75% in the prior quarter.

Despite these quarterly challenges, Mahaveer Infoway reported a profit after tax (PAT) of Rs 0.05 crore for the nine-month period, marking an improvement from a loss of Rs -0.47 crore in the preceding twelve-month period. Furthermore, the company has surpassed its sales figures from the previous twelve months within this nine-month timeframe, suggesting some operational resilience.

Overall, while the quarterly results reflect significant declines in sales and profit metrics, the nine-month performance indicates some positive developments in profitability and sales relative to the previous year.