North Eastern Carrying Corp Reports Positive Q2 Results, Receives 'Hold' Rating from MarketsMOJO
North Eastern Carrying Corporation, a microcap logistics company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, North Eastern Carrying Corporation has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 22 to 12 in the last three months.
One of the key factors contributing to this positive performance is the company's Profit After Tax (PAT) which has grown by 147.73% year on year, reaching Rs 6.54 crore in the first half of the fiscal year. This trend is expected to continue in the coming months.
Another positive aspect of the company's financials is its Debt-Equity Ratio, which is at its lowest in the last five half-yearly periods at 0.44 times. This indicates that the company has been reducing its borrowing in comparison to its equity capital.
Overall, North Eastern Carrying Corporation has shown a strong financial performance in the recent quarter, with positive trends in key areas. Investors are advised to hold onto their stocks as per the recommendation by MarketsMOJO.
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