North Eastern Carrying Corporation Reports Q3 FY24-25 Growth Amid Mixed Financial Indicators

Jan 31 2025 06:31 PM IST
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North Eastern Carrying Corporation has reported its financial results for the quarter ending December 2024, showing a significant increase in profit after tax at Rs 4.81 crore. The company also achieved a low debt-equity ratio of 0.44, indicating improved financial management, despite a decline in earnings per share to Rs 0.19.
North Eastern Carrying Corporation, a microcap player in the logistics industry, has recently reported its financial results for the quarter ending December 2024. The company has demonstrated positive financial performance for the third quarter of FY24-25, particularly in its profit after tax (PAT), which reached Rs 4.81 crore, reflecting a year-on-year growth of 31.06%. This upward trend in PAT indicates a favorable near-term outlook for the company.

Additionally, North Eastern Carrying Corporation has achieved a notable milestone with its debt-equity ratio, which stands at 0.44 times, marking the lowest level in the last five half-yearly periods. This reduction in borrowing relative to equity capital suggests a strategic approach to financial management.

However, the company faces challenges as evidenced by its earnings per share (EPS), which has reached its lowest point at Rs 0.19 over the last five quarters. This decline in profitability indicates that the company has generated lower earnings for its shareholders during this period.

In light of these developments, North Eastern Carrying Corporation has experienced adjustments in its evaluation, reflecting the complexities of its financial landscape.

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