Jet Freight Logistics Reports Strong Financial Performance in Q2 2024-2025, MarketsMOJO Recommends 'Hold'
Jet Freight Logistics, a microcap logistics company, has reported a positive financial performance in the second quarter of fiscal year 2024-2025. The company's PAT has seen a significant growth of 135.41% year on year, while its Operating Cash Flow is at its highest in the last three years. However, Net Sales for the quarter have been lower compared to previous quarters. MarketsMojo recommends holding the stock.
Jet Freight Logistics, a microcap logistics company, has recently announced its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for Jet Freight is 'Hold'.According to the financial report, Jet Freight has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 18 to 14 in the last three months.
The company's Profit After Tax (PAT) for the half-yearly period has seen a significant growth of 135.41% year on year, standing at Rs 1.65 crore. This trend is highly positive for Jet Freight. Moreover, the company's PAT for the half-yearly period is higher than the preceding 12 months, which was at Rs -0.46 crore. This indicates that in just six months, Jet Freight has already surpassed its PAT for the previous year.
Jet Freight has also shown a strong performance in terms of its Operating Cash Flow, which is at its highest in the last three years, standing at Rs 15.01 crore. This indicates that the company has generated higher cash revenues from its business operations.
However, the company's Net Sales for the quarter have been the lowest in the last five quarters, standing at Rs 87.47 crore. This shows a negative trend in the near term for Jet Freight.
Overall, Jet Freight has shown a positive financial performance in the second quarter of the fiscal year 2024-2025, with a strong growth in PAT and Operating Cash Flow. However, the company's Net Sales for the quarter have been lower compared to the previous quarters. Investors are advised to hold their stock in Jet Freight, as recommended by MarketsMOJO.
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