Flomic Global Logistics Announces Positive Financial Results for Q4 2023

Flomic Global Logistics, a microcap company in the finance/NBFC industry, has recently announced its financial results for the quarter ending December 2023. The results, declared on February 12, 2024, have received a 'Strong Sell' rating from MarketsMOJO.

Despite the negative rating, Flomic Global has shown a flat financial performance in the last quarter of 2023. However, there are some positive aspects to the company's financials that are worth noting.

One of the key highlights is the significant growth in Profit Before Tax less Other Income (PBT) - Quarterly, which has increased by 880.0% to Rs 1.56 crore compared to the average PBT of the previous four quarters, which was at Rs -0.20 crore. This indicates a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) - Quarterly has also seen a significant growth of 1238.2% to Rs 1.84 crore compared to the average PAT of the previous four quarters, which was at Rs 0.14 crore. This shows a very positive trend in the near term for PAT.

Moreover, the Net Sales - Quarterly has reached its highest at Rs 88.90 crore in the last five quarters, indicating a positive trend in the near term for sales. The Operating Profit (PBDIT) - Quarterly has also reached its highest at Rs 8.83 crore in the last five quarters, showing a positive trend in the near term for operating profit.

In conclusion, Flomic Global Logistics has shown a flat financial performance in the last quarter of 2023, but there are positive signs in terms of PBT, PAT, net sales, and operating profit. The company has also created higher earnings for its shareholders, with the highest Earnings per Share (EPS) of Rs 1.01 in the last five quarters.