This Logistics stock is in focus after it hit 5 Percent Upper Circuit following the Work Order announcement worth Rs 100 Crores for Land & Sea logistics services.
Share Price Movement
With a market capitalization of Rs. 93 Crore, the stock of Brace Port Logistics opened at Rs. 82.10, up at 5 percent Upper Circuit from the previous close of Rs. 78.20.
Order Update
The company has received an order from Loom Solar Private Limited for Freight forwarding and international Logistics Services via Air and Ocean Mode of Transport, for a consideration of Rs. 100 Crores and the time period in which the order has to be executed is 60 months.
Also read: 20% Upper Circuit: Stock jumps after announcing capital expansion plans & ₹100 Cr Fundraise
Financial Highlights
The company reported a 166.11 percent YoY increase in revenue from Rs. 18.62 Crore in H1FY24 to Rs. 49.55 Crore in H1FY25. Their Net profit saw an increase of 111.76 percent YoY from Rs. 1.70 Crore to Rs. 3.60 Crore for the same period.
Customers of the Company
Some of the company’s key customers include JK Tyres, Jeep, Promac Engineering Industries, Tejas Networks, Zetwerk, and RAM.
About the Company
Brace Port Logistics Limited is a New Delhi-based logistics company specializing in ocean cargo, air freight, warehousing, special cargo handling, and customs clearance. Established in 2020, the company provides supply chain solutions across industries like pharmaceuticals, electronics, consumer durables, and automotive.
It has a global network covering over 60 countries. In 2024, the company launched an IPO on the NSE SME platform with a total Issue Size of 24.41 Crore at an issue price of Rs 80 per share to raise funds for working capital and corporate expansion.
Written By Abhishek Das
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