Suvidhaa Infoserve's Financials Show Negative Performance, Receives 'Sell' Call from MarketsMOJO

Suvidhaa Infoserve, a microcap IT software company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financials, Suvidhaa Infoserve has seen a negative performance in the quarter, with a score of -13 compared to -9 in the previous quarter. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this decline is the Profit After Tax (PAT), which has fallen to -4.92 crore, a decrease of 174.1% from the average PAT of the previous four quarters. This trend is expected to continue in the near term.

The company's Net Sales for the nine-month period have also shown a negative growth of -76.02% year on year, indicating a decline in revenue. The Profit Before Tax less Other Income (PBT) has also fallen by 19.3% compared to the average PBT of the previous four quarters.

Suvidhaa Infoserve's Operating Profit Margin for the quarter is at its lowest in the last five quarters, standing at 0.00%. This indicates a decrease in the company's efficiency. The Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, at Rs -0.24. This shows a decline in profitability and lower earnings for shareholders.

Based on these financials, MarketsMOJO has given a 'Sell' call for Suvidhaa Infoserve's stock. The company's performance in the quarter ending December 2023 has been negative, and it remains to be seen how it will improve in the future.