Savera Industries Announces Q1 Financial Results, Receives 'Hold' Rating from MarketsMOJO

Savera Industries, a microcap company in the hotel industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Savera Industries has seen a flat performance in the quarter, with a slight improvement in its score from -6 to -5 in the last three months. However, there are some areas that have not been performing well for the company.

One of the major concerns is the Profit Before Tax (PBT) less Other Income, which has fallen by 34.78% year on year to Rs 1.95 crore. The near-term trend for PBT is also negative. Similarly, the Profit After Tax (PAT) for the half-yearly period has grown by -26.67% year on year to Rs 3.95 crore. The near-term trend for PAT is also negative.

Despite these challenges, Savera Industries remains a strong player in the hotel industry. The company has a solid track record and has been consistently delivering quality services to its customers. With a 'Hold' call from MarketsMOJO, investors may want to closely monitor the company's performance in the coming months.