Suvidhaa Infoserve's Financial Results Show Negative Trend in Q1 FY25

Suvidhaa Infoserve, a microcap IT software company, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financial report, Suvidhaa Infoserve has seen a negative performance in the quarter, with a score of -11, which has improved from -13 in the last three months. This indicates a decline in the company’s financial health.

One of the major factors contributing to this decline is the net sales, which have decreased by 77.41% year on year, standing at Rs 5.79 crore. The near-term sales trend for the company is also negative.

The profit before tax (PBT) has also fallen by 15.8% compared to the average PBT of the previous four quarters, standing at Rs -6.18 crore. The near-term trend for PBT is also negative.

Similarly, the profit after tax (PAT) has also seen a decline of 19.7% compared to the average PAT of the previous four quarters, standing at Rs -3.43 crore. This indicates a negative trend in the company’s profitability.

Another concerning factor is the debtors turnover ratio, which is at its lowest in the last five half-yearly periods at 0.74 times. This suggests that the company’s pace of settling its debtors has slowed down.

Overall, the financial results for the quarter ending March 2024 show a negative trend for Suvidhaa Infoserve. Investors should carefully consider these factors before making any investment decisions.