Seacoast Shipping Services Reports Strong Financial Performance in Q1 2024
Seacoast Shipping Services, a microcap company in the finance/NBFC industry, has recently announced its financial results for the quarter ending March 2024. The results have been declared on May 31, 2024.According to MarketsMOJO, a leading stock analysis platform, the stock call for Seacoast Shipping Services is 'Sell'. However, the company has shown positive financial performance in the last quarter, with a score improvement from -20 to 6 in the last 3 months.
The company's Profit After Tax (PAT) for the nine-month period has grown by 35.76% year on year, reaching Rs 15.30 crore. The near-term trend for PAT is positive. Additionally, the company's Net Sales for the quarter have reached a record high of Rs 125.02 crore, showing a growth of 37.1% over the average Net Sales of the previous four quarters. The near-term sales trend is also positive.
Seacoast Shipping Services has also shown improvement in its Operating Profit (PBDIT) for the quarter, with the highest figure of Rs 16.23 crore in the last five quarters. The company's Operating Profit Margin has also reached its highest at 12.98%, indicating an improvement in efficiency.
Furthermore, the company's Profit Before Tax less Other Income (PBT) for the quarter has also reached its highest at Rs 15.79 crore in the last five quarters. The near-term trend for PBT is positive. The company's Earnings per Share (EPS) for the quarter have also shown an increase, reaching its highest at Rs 0.14 in the last five quarters. This indicates that the company has created higher earnings for its shareholders.
Overall, Seacoast Shipping Services has shown positive financial performance in the last quarter, with improvements in key financial indicators. Investors should keep an eye on the company's future performance to make informed decisions.
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