Ritco Logistics Reports Strong Financial Performance in Q1 FY25, Receives 'Hold' Rating from MarketsMOJO
Ritco Logistics, a microcap logistics company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Ritco Logistics has shown positive performance in the quarter, with a score of 16 compared to 17 in the previous quarter. This indicates a slight decline, but the company’s overall financials are still strong.
One of the key factors contributing to the positive performance is the company’s net sales, which have been consistently growing in the last five quarters and reached a high of Rs 252.23 crore in the quarter ending March 2024. This trend is expected to continue in the near term, indicating a strong sales outlook for Ritco Logistics.
The company’s operating profit (PBDIT) has also shown a positive trend, with a high of Rs 19.88 crore in the quarter. This is a significant increase from the previous quarter and indicates a strong operational performance by Ritco Logistics.
In terms of profitability, the company’s profit after tax (PAT) has also shown a positive trend, with a high of Rs 8.79 crore in the quarter. This is a significant increase from the previous quarter and indicates a strong financial performance by Ritco Logistics.
Furthermore, the company’s profit before tax less other income (PBT) has also shown a positive trend, with a high of Rs 10.83 crore in the quarter. This indicates a strong financial position for Ritco Logistics in the near term.
Overall, Ritco Logistics has shown a positive financial performance in the quarter ending March 2024, with increasing profitability and higher earnings per share (EPS) for shareholders. With a ‘Hold’ call from MarketsMOJO, the company’s stock is expected to maintain its stability in the near future.
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