Surana Solar's Financial Results Show Decline in Sales and Profitability

Surana Solar, a microcap company in the renewable energy industry, recently announced its financial results for the quarter ending March 2024. The results have been declared on April 18, 2024.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Surana Solar is 'Sell'. This is based on the company's negative financial performance in the quarter.

In the last three months, Surana Solar's financial score has improved from -14 to -9. However, the company's net sales for the half-yearly period have shown a decline of 61.61% year on year, standing at Rs 8.33 crore. The near-term sales trend for the company is also negative.

Similarly, the company's profit after tax (PAT) for the nine-month period has also shown a decline of 66.24% year on year, standing at Rs -1.49 crore. The near-term trend for PAT is also negative.

Based on these financials, it can be concluded that Surana Solar is currently facing challenges in its sales and profitability. Investors are advised to take caution while considering this stock. This news article is for informational purposes only and does not recommend any action or investment in Surana Solar.