Patel Integrated Logistics Reports Positive Financial Results for Q2 FY24-25

Patel Integrated Logistics, a microcap logistics company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in the second quarter of the fiscal year 2024-2025, with its score improving from 7 to 14 in the last three months.

According to the Sep 2024 financials, Patel Integrated has seen a growth of 30.05% in its net sales, which stands at Rs 166.34 crore for the half-yearly period. This indicates a positive sales trend in the near term. The company has also recorded its highest Profit After Tax (PAT) of Rs 2.03 crore in the last five quarters, showing a positive trend in its profitability. The Earnings per Share (EPS) for the quarter have also increased to Rs 0.31, which is the highest in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders.

Another positive aspect of Patel Integrated's financials is its Debtors Turnover Ratio, which stands at 4.32 times for the half-yearly period. This is the highest in the last five half-yearly periods, indicating that the company has been able to settle its debtors faster.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Patel Integrated's stock. The company's performance in the second quarter of FY24-25 has been impressive, with positive trends in sales, profitability, and debtors turnover ratio. This news is likely to be well-received by investors and stakeholders of Patel Integrated Logistics.