Penny stock engaged in offering customized logistics solutions with access to an extensive agent network of air, ocean, rail, or road transport facilities in focus upon receiving work international work order worth upto Rs. 1.5 Crores.
Price Action
With a market capitalization of Rs. 89 Crores, the shares of East West Freight Carriers Limited were trading at Rs. 7 per equity share, down 0.28 percent from the previous day’s close price of Rs. 7.02.
What Happened
East West Freight Carriers Limited has entered into a service contract with one of the reputed International freight forwarders, Columbia Transport S.R.L., Italy. to act as their Logistic Parmer to provide them freight services around the globe for a consideration of Rs. 1-1.5 Crores.
Management Message
Mr. Ajaz Shafi Mohammed – Managing Director & CEO said “We are proud to be associated with such a reputed Company and its emphasis on the superior quality of services delivered by our company to its clients and its our continuous endeavour to add more such reputed clients to our clientele”
About the Company
East West Freight Carriers Limited provides an international freight and trade network offering a single-window solution to manage freight. It offers customized logistics solutions with access to an extensive agent network of air, ocean, rail, or road transport facilities
Financials and Ratios
Its Revenue from operations grew by 69 percent from Rs. 54.87 Crores in Q1FY24 to Rs. 92.73 Crores in Q2FY25, accompanied by profits of Rs. 0.03 Crores to Rs. 0.70 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 0.7 percent, and a return on capital employed (ROCE) of 8.32 percent. It has reported a debt-to-equity ratio of 0.87.
Written by: Bharath K.S
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