The shares of one of the leading integrated national logistical solutions providers jump 5 percent in the day’s trade upon the release of Q3FY24 results with a jump in Net profit by 89.96 percent.
At 11:00 a.m the shares of Shreeji Translogistics Limited were trading at Rs. 53.82, up 3.16 percent from its previous day’s close price of Rs. 52.17 and its market capitalization is Rs. 280 Crores.
Its revenue from operations grew by 26.46 percent YoY from Rs. 52.14 Crores in Q3FY23 to Rs. 65.94 Crores in Q3FY24 and it grew 1.27 percent QoQ from Rs. 65.11 Crores in Q2FY24 to Rs. 65.94 Crores in Q3FY24.
Its Net Profit grew by 89.96 percent YoY from Rs. 2.69 Crores in Q3FY23 to Rs. 5.11 Crores in Q3FY24 and it grew 5.57 percent QoQ from Rs. 4.84 Crores in Q2FY24 to Rs. 5.11 Crores in Q3FY24.
Shreeji Translogistics Limited is engaged in the business of providing integrated national logistical solutions like freight management, logistics solutions, and warehousing services to multiple industries.
It has a fleet of 312 trucks with a strong client base with well-known players like Samsung, Godrej, Cipla, OTIS, Tata Power, Qatar Airlines, and many more.
In FY23, it generated 55.43 percent of its revenue from Full truckload, 7.44 percent from parcel services, 24.66 percent from Bonded trucking, 4.76 percent from import-export, and the rest 7.71 percent from others.
It has reported a return on equity (ROE) of 29.19 percent and a return on capital employed (ROCE) of 22.59 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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