Patel Integrated Logistics Reports Positive Financial Results for Q1 FY25

Patel Integrated Logistics, a microcap company in the logistics industry, has recently announced its financial results for the quarter ending June 2024. The results have been declared on August 1, 2024.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Patel Integrated is ‘Hold’. This indicates that the company’s performance is stable and investors are advised to hold onto their stocks.

The financial performance of Patel Integrated for the quarter ending June 2024 has been positive. The company’s score has fallen from 9 to 7 in the last 3 months, indicating a slight decline in performance.

However, there are several factors that are working in favor of Patel Integrated based on its financials for June 2024. The company’s net sales for the half-yearly period have grown by 34.17% year on year, indicating a positive sales trend in the near term. Similarly, the profit after tax (PAT) for the nine-month period has grown by 31.01% year on year, showing a positive trend in the near term. Additionally, the company’s cash and cash equivalents for the half-yearly period are at its highest in the last six periods, indicating an improvement in short-term liquidity.

Overall, Patel Integrated Logistics has shown a positive financial performance for the quarter ending June 2024. With a ‘Hold’ stock call from MarketsMOJO, the company’s performance is expected to remain stable in the near future.