975 per cent returns: The multibagger micro-cap company reports a 54.82 per cent jump in net profit; stock jumps 10 per cent!
The stock gave multibagger returns of 715 per cent in 2 years and 975 per cent in 3 years.
Shreeji Translogistics Ltd (STL), a diversified end-to-end logistics service provider which has evolved into a prominent integrated solution provider for national logistics within India, announced its quarterly results ended June 30, 2023. Details below:
Quarterly Results
- Revenue from Operations grew by 27.63 per cent and was reported at Rs 59.40 crore in Q1FY24 compared to Q1FY23.
- EBITDA grew by 34.17 per cent and stands at Rs 7 crore in Q1FY24 compared to Q1FY23.
- PAT grew by 54.82 per cent to Rs 4.09 crore in Q1FY24 compared to Q1FY23.
Business Updates: 1) The Company added Qatar Airways, a highly respected multinational airline company, as one of its esteemed clients in the bonded trucking division. 2) STL received AEO-LO Certification from Central Board of Indirect Taxes and Customs, symbolizing excellence in securing the supply chain and delivering seamless and efficient logistics solutions. It recognizes business entities that are in compliance with the highly stringent World Customs Organization’s (WCO’s) SAFE Framework demonstrating a high degree of reliability of the services provided. 3) STL successfully installed digital locks on the majority of its fleets ensuring optimum safety and security of in-transit cargo, and reducing the risk of theft. 4) STL expanded its business presence by setting up a new branch in Rohtak.
Management also added: In the first quarter, Shreeji Transport Logistics achieved significant milestones, such as onboarding new clients, expanding its presence, enhancing its service offerings, and improving the safety and quality of its fleets. The company is also looking to explore new opportunities for growth, such as expanding into the ODC segment and growing its fleet size. Shreeji is well-positioned for continued growth due to the strong demand for its logistics solutions in the domestic market. The company thanks its employees and stakeholders for their support and looks forward to their continued partnership in the years to come.
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On Tuesday, shares of Shreeji Translogistics Ltd surged 10 per cent to an intraday high of Rs 76 per share. At the closing bell, shares of the company were trading at Rs 72, up 4.27 per cent with a spurt in volume by more than 2.57 times on BSE.
Earlier, the company announced a stock split wherein it will be converting equity shares with a face value of Rs 10 each into 5 equity shares with a face value of Rs 2 each with the record date set as Wednesday, February 15, 2023. The company has a market cap of Rs 380 crore with a 1-year CAGR of 49 per cent.
The stock gave multibagger returns of 715 per cent in 2 years and 975 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.