Logistics stock engaged in providing cargo General Sales and Service Agent (GSSA) services including sales, marketing, operations, and many more hit a 20 percent upper circuit in the day’s trade following 102 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 280 Crores, the shares of Zeal Global Services Limited hit a 20 percent upper circuit in the day’s trade at Rs. 180.05 per equity share, from its previous day’s close price of Rs. 150.05.
Half Yearly Results
Its revenue from operations half yearly grew by 81 percent YoY from Rs. 94.23 Crores in H1FY24 to Rs. 170.37 Crores in H1FY25 and it grew by 72 percent HoH from Rs. 98.85 Crores in H2FY24 to Rs. 170.37 Crores in H1FY25.
Its net profit half yearly grew by 102 percent YoY from Rs. 4.34 Crores in H1FY24 to Rs. 8.76 Crores in H1FY25 and it grew by 20 percent HoH from Rs. 7.31 Crores in H2FY24 to Rs. 8.76 Crores in H1FY25.
About the Company
Zeal Global Services Limited is in the business of providing cargo General Sales and Service Agent (GSSA) services including sales, marketing, operations, and administration. It has a network in 164 countries and a partnership with 14+ airlines. It has served 1100+ clients in 46+ segments.
It represents various airlines across the globe for the Transfer and shipment of goods by arrangement with the represented / contracted airlines for the transportation of cargo by air. It also provides them with support for the transportation of passengers through Airways from one country to another.
Coming to the revenue breakup as of FY24, Zeal Global Services Limited generated 52 percent of its revenue from Air Passenger Services and 48 percent from Air cargo services.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
