Sanco Trans sees 6.5% increase in revenue, but receives 'Sell' call from MarketsMOJO

Revenue: Increased by 6.5% to Rs 10.45 cr from Rs 9.81 cr in the previous quarter ended Jun 2024.Operating Profit: Improved by 11.5% to Rs 1.12 cr from Rs 1.01 cr in the previous quarter ended Jun 2024. However, despite these positive numbers, Sanco Trans has received a 'Sell' call from MarketsMOJO. The microcap logistics company's financial performance for the quarter ending March 2024 has been declared as flat, with a score of 3 out of 10. This is a significant drop from the previous quarter's score of 8 out of 10. Despite the increase in revenue and operating profit, the company's profit after tax for the half-yearly period is still lower than the preceding 12 months. This could be a cause for concern for investors. MarketsMOJO's 'Sell' call may be attributed to the overall performance of the logistics industry, which has been facing challenges due to the ongoing pandemic. With the rise of e-commerce and changing consumer behavior, the industry is facing disruptions and increased competition. It is important for investors to carefully consider all factors before making any investment decisions. While Sanco Trans has shown some positive growth in its financials, the current market conditions and the company's overall performance may warrant a cautious approach.