Suvidhaa Infoserve's Q1 financial results show decline in sales and profitability

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 -10, which has improved from -13 in the last three months. The company's net sales for the nine-month period have decreased by 77.41% year on year, with a current value of Rs 5.79 crore. The near-term sales trend for the company is also negative.

In terms of profitability, Suvidhaa Infoserve's Profit Before Tax less Other Income (PBT) for the quarter has fallen by 15.8% compared to the average PBT of the previous four quarters. The current PBT stands at Rs -6.18 crore. Similarly, the company's Profit After Tax (PAT) for the quarter has also decreased by 19.7% compared to the average PAT of the previous four quarters, with a current value of Rs -3.43 crore. The near-term trend for both PBT and PAT is negative.

These financial results indicate that Suvidhaa Infoserve is facing challenges in terms of sales and profitability. Investors should take note of the company's current performance before making any investment decisions.