Suvidhaa Infoserve's Q1 FY25 Financial Results Show Negative Performance and 'Strong Sell' Call

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’ call 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 shown a significant decrease of -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. This indicates a negative trend in the company’s profitability in the near term.

Similarly, the profit after tax (PAT) has also shown 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 overall financial performance.

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

Overall, Suvidhaa Infoserve’s financial performance for the quarter ending March 2024 has been negative, with a ‘Strong Sell’ call from MarketsMOJO. Investors should carefully consider these factors before making any investment decisions.