North Eastern Carrying Corporation Reports Positive Financial Results for Q1 2024

North Eastern Carrying Corporation, a microcap logistics company, has recently announced its financial results for the quarter ending March 2024. The company has shown positive performance with a score of 8, which is an improvement from the previous score of 3 in the last 3 months.

According to the financial report, North Eastern Carrying Corporation has achieved its highest net sales of Rs 91.84 crore in the last five quarters, indicating a positive sales trend in the near term. The company has also recorded its highest profit after tax (PAT) of Rs 2.86 crore in the same period, showing a positive trend in profitability. This has resulted in an increase in earnings per share (EPS) to Rs 0.30, indicating higher earnings for shareholders.

However, the company's operating profit (PBDIT) for the quarter was the lowest at Rs 4.75 crore in the last five quarters, with a negative trend in the near term. The operating profit margin was also at its lowest at 5.17%, indicating a decline in the company's efficiency. Additionally, the non-operating income for the quarter was 37.25% of the profit before tax (PBT), which is a concern as it shows a high reliance on non-business activities.

Despite these challenges, North Eastern Carrying Corporation has shown positive financial performance in the quarter ending March 2024. Investors should keep an eye on the company's future financial reports to see if the positive trend continues.