Multibagger Penny Stock Under Rs 75 Jumps After Reporting Stellar Q3FY25 Performance with 3.1x YoY Revenue Growth & 2.3x YoY Increase in PAT
The stock gave multibagger returns of 122 per cent from its 52-week low of Rs 31.99 per share and a whopping 1,200 per cent in 5 years.
Tiger Logistics (India) Limited, a leading international logistics company listed on the Bombay Stock Exchange (BSE), has also launched FreightJar 2.0. This significant upgrade to its proprietary freight booking and management platform is designed to empower businesses of all sizes to handle their import shipments with greater ease and efficiency. FreightJar 2.0 offers a comprehensive suite of features that streamline the entire import process, from initial booking to final delivery. Businesses can now seamlessly manage Full Container Load (FCL), Less than Container Load (LCL) and Air Freight shipments, leveraging the platform's intuitive interface and advanced functionalities.
According to Quarterly Results, the net sales increased by 209 per cent to Rs 160.47 crore and net profit increased by 129 per cent to Rs 8.42 crore in Q3FY25 compared to Q3FY24. In its annual results, the company reported net sales of Rs 240 crore and net profit of Rs 13 crore in FY24. Looking at the nine-month results, the net sales increased by 186 per cent to Rs 421.8 crore and net profit increased by 129 per cent to Rs 20.59 crore in 9MFY25 compared to 9MFY24.
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Earlier, the company announced an extension of its partnership with Jindal Stainless, a major Indian steel exporter. This renewed agreement solidifies Tiger Logistics' expertise in managing the complex logistics of steel products, a crucial material for industrial growth. Tiger Logistics will continue to handle the global logistics for Jindal Stainless' diverse steel products, ensuring seamless shipments from India to over 30 countries. Having managed over 3,000 containers for Jindal Stainless in FY24-25, this extended partnership demonstrates Tiger Logistics' capability to handle large-scale, high-value consignments requiring precision, security, and timely delivery, further cementing its role in international supply chains.
On Tuesday, shares of Tiger Logistics (India) Ltd surged 8.15 per cent to Rs 71 per share from their previous closing of Rs 65.65 per share. The stock’s 52-week high is Rs 84.10 per share and its 52-week low is Rs 31.99 per share. The company have a market cap of over Rs 700 crore. The stock gave multibagger returns of 122 per cent from its 52-week low of Rs 31.99 per share and a whopping 1,200 per cent in 5 years. Investors should keep an eye on this micro-cap logistics stock.
Disclaimer: The article is for informational purposes only and not investment advice.