Rs 5,00,00,000 Revenue: Penny Stock Under Rs 10 in Focus as Company Executes A Service Contract with A. Raymonds
The stock is down by 24.2 per cent from its 52-week high of Rs 9.50 per share while the stock is up by 50 per cent from its 52-week low of Rs 4.81 per share.
East West Freight Carriers Limited (EWFCL) has secured a service contract with A. Raymonds, a global leader in fastening solutions for the automotive, industrial, photovoltaic energy, and health markets. A. Raymonds, with a presence in 25 countries and 29 production sites, has entrusted EWFCL to handle their logistics and freight requirements. This contract is expected to generate approximately Rs 5 crore in revenue for EWFCL.
Earlier, the company secured two significant contracts, bolstering its position in the logistics industry. Firstly, EWFCL successfully renewed its service contract with Universal Mining & Chemical Industries Ltd (UMCIL), a leading Zambian manufacturer of iron and steel products. This renewed partnership for 2025 is expected to generate substantial revenue for EWFCL, estimated to be between Rs 5 to 7.5 crore, reflecting UMCIL's satisfaction with EWFCL's superior logistics support. Secondly, EWFCL has partnered with Raymond Lifestyle Ltd, a prominent player in the fashion industry, to act as their Authorised Customs House Agent. This strategic partnership, valued at approximately Rs 20 crore, will significantly boost EWFCL's revenue and solidify its position as a leading logistics provider in India, handling customs clearance and providing comprehensive logistics services across Raymond's global supply chain.
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About the Company
East West Freight Carriers Limited, a seasoned player in the Indian Freight Forwarding & Logistics industry, has been operating since 1976. With a rich legacy of over 45 years, the company provides top-notch global logistics and freight forwarding services. By embracing technological advancements and fostering strong relationships with industry bodies like LALA, FLATA, FFFAL, ACCAL, DACCAL, BCBA, and FIEQ, EWECL ensures seamless operations. Their extensive network of global airline and shipping line partnerships enables them to offer competitive pricing, efficient transit times, and reliable delivery solutions. Whether it's air freight, FCL, LCL, or specialized project cargo, EWECL caters to diverse client needs with tailored solutions and round-the-clock support.
According to Quarterly Results, the net sales increased by 57 per cent to Rs 68.21 crore in Q2FY25 compared to net sales of Rs 43.43 crore in Q2FY24. The company reported a net profit of Rs 0.09 crore in Q2FY25 compared to a net profit of Rs 0.09 crore in Q2FY24. In its annual results, the company reported net sales of Rs 208 crore in FY24 compared to net sales of Rs 250 crore in FY23. The company reported a net profit of Rs 7 crore in FY24 compared to a net loss of Rs 1 crore in FY23, an increase of 800 per cent.
East-West Holding Limited a micro-cap company has a market cap of over Rs 90 crore. The stock is down by 24.2 per cent from its 52-week high of Rs 9.50 per share while the stock is up by 50 per cent from its 52-week low of Rs 4.81 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.