Tera Software's Q1 Financial Results Show Negative Performance, Investors Beware

Tera Software, a microcap IT software company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Tera Software has seen a negative performance in the quarter, with a score of -14 compared to -10 in the previous quarter. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the Profit After Tax (PAT) for the half-yearly period, which has decreased by 40.92% year on year, standing at Rs 2.83 crore. The near-term trend for PAT is also negative.

The company's Net Sales for the quarter have also fallen by 13.5% compared to the average of the previous four quarters. This is a cause for concern as the near-term trend for sales is also negative.

Another concerning aspect is the Non-Operating Income, which accounts for 49.07% of the Profit Before Tax (PBT). This indicates that the company's income from non-business activities is high, which is not a sustainable business model.

Overall, Tera Software's financial performance for the quarter ending March 2024 has been negative. Investors are advised to carefully consider these factors before making any investment decisions.