Seacoast Shipping Services Reports Strong Financial Performance in Q1 FY25

Aug 26 2024 08:00 AM IST
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Seacoast Shipping Services, a microcap company in the finance/NBFC industry, has announced its financial results for the quarter ending June 2024. According to MarketsMojo, the stock call for the company is currently 'Sell', but its financial performance has shown improvement with a 86.86% growth in PAT and a 61.9% increase in net sales.

Seacoast Shipping Services, a microcap company in the finance/NBFC industry, has recently announced its financial results for the quarter ending June 2024. The results have been declared on August 24, 2024.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Seacoast Shipping Services is currently ‘Sell’. However, the company has shown positive financial performance in the quarter, with its score improving from 6 to 9 in the last 3 months.


One of the key factors contributing to this improvement is the company’s Profit After Tax (PAT) for the half-yearly period, which has grown by 86.86% year on year to reach Rs 14.50 crore. This trend is highly positive and indicates a strong financial performance.


In terms of net sales, Seacoast Shipping Services has shown significant growth in the quarter, with a 61.9% increase over the average net sales of the previous four quarters. The company’s net sales for the quarter stood at Rs 151.47 crore, the highest in the last five quarters. This indicates a positive trend in the near term for the company’s sales.


Overall, Seacoast Shipping Services has shown promising financial results in the quarter ending June 2024. However, it is important to note that this is not a recommendation to buy or sell the stock, and investors should conduct their own research before making any investment decisions.


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