The shares of the logistic solution services hit 5 percent upper circuit of Rs 132.90 apiece after the company’s board fixed a record date for the issue of bonus shares in a 1:1 ratio.
With a market capitalization of Rs 46.44 crore, the shares of Timescan Logistics (India) Ltd were trading at Rs 132.90 per share, increasing around 5 percent as compared to the previous closing price of Rs 126.60 apiece.
According to the exchange filing, Timescan Logistics (India) Ltd’s board of directors has fixed a record date as, May 17, 2024, and approved the issue of bonus shares in a 1:1 ratio which means e 1 Bonus Equity Share of Rs. 10 each, for every 1 existing fully paid-up Equity Shares of Rs. 10 each.
Looking into Timescan Logistics (India) Ltd’s performance, revenue increased by 10 percent from Rs 87 crore in H2FY23 to Rs 96 crore in H1FY24. During the same time frame, net profit decreased by 20 percent from Rs 2 crore to Rs 1 crore.
The company’s profitability measures show an incline in return on equity (RoE) from 22.18 percent in FY 21-22 to 22.44 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 31.22 percent to 31.72 percent. In contrast, the net profit margin (NPM) was 1.83 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 72.94 percent while Retail shareholders own a 27.03 percent stake in the company and domestic Institutional Investors own a 0.03 percent stake.
Timescan Logistics (India) Limited is an India-based firm offering warehousing, freight transportation, project cargo, and logistical solutions. It offers a range of services, including freight forwarding (sea and air), customs clearing, and warehousing.
Written by:- Abhishek Singh
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