Shahi Shipping Reports Positive Performance in Q1 FY25, Despite Decline in Profit
Shahi Shipping, a microcap company in the shipping industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Shahi Shipping has shown a positive performance in the quarter, with its score improving from -1 to 8 in the last three months. However, there are some areas that have not performed well for the company.
One of the concerning factors is the Profit After Tax (PAT) for the quarter, which has fallen by 56.8% compared to the average PAT of the previous four quarters. The PAT for the quarter stands at Rs 0.28 crore, which is significantly lower than the average of Rs 0.65 crore. The near-term trend for PAT is also negative.
Despite these challenges, Shahi Shipping remains a strong player in the shipping industry. The company has a microcap size, but its financial performance and market position make it a promising player in the market. Investors are advised to hold their positions in the company’s stock, as per the recommendation by MarketsMOJO.
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