Flomic Global Logistics Reports Strong Financial Performance in Q1 FY25
Flomic Global Logistics, a microcap company in the finance/NBFC industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.
According to the financial report, Flomic Global has shown positive performance in the first quarter of 2024, with a score of 6 compared to 3 in the previous quarter. This improvement can be attributed to several factors.
One of the key highlights of the financial report is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 82.41% year on year. This positive trend in PAT is a strong indicator of the company’s financial health.
Moreover, the company’s PAT for the half-yearly period is higher at Rs 3.63 crore compared to the preceding 12-month period ended March 2024, which was Rs 0.55 crore. This shows that Flomic Global has already surpassed its PAT for the previous 12 months in just half a year.
In terms of net sales, Flomic Global has recorded its highest quarterly sales of Rs 100.83 crore in the last five quarters. This is a positive sign for the company, indicating a strong sales trend in the near term. Additionally, the net sales for the quarter have grown by 31.6% over the average net sales of the previous four quarters.
The company’s operating profit (PBDIT) for the quarter is also at its highest in the last five quarters, at Rs 10.08 crore. This shows a positive trend in the near term for Flomic Global’s operating profit.
Furthermore, the Profit Before Tax less Other Income (PBT) for the quarter is also at its highest in the last five quarters, at Rs 1.92 crore. This is another positive indicator of the company’s financial performance.
Overall, Flomic Global Logistics has shown strong financial performance in the first quarter of 2024, with positive trends in key areas such as PAT, net sales, operating profit, and PBT. This is a promising sign for the company’s future growth and success in the finance/NBFC industry.
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