Tiger Logistics (India) Reports Outstanding Q2 Results, Positive Growth Expected in Near Future
Tiger Logistics (India) has recently declared its financial results for the quarter ending September 2024. The company has shown an outstanding performance in this quarter, with a significant improvement in its overall score from 26 to 32 in the last three months.
One of the key factors contributing to this success is the company's net sales, which have grown by 198.94% year on year, reaching Rs 160.17 crore. This is a very positive trend for the company's near-term sales. Additionally, the profit before tax less other income (PBT) has also shown a growth of 108.14% year on year, reaching Rs 7.93 crore. This trend is also expected to continue in the near future.
The company's profit after tax (PAT) has also seen a significant growth of 134.2% year on year, reaching Rs 7.54 crore. This is the highest PAT in the last five quarters, and the trend has been positive in each quarter. Similarly, the net sales have also been the highest in the last five quarters, reaching Rs 160.17 crore. This is a positive trend for the company's near-term sales.
The operating profit (PBDIT) has also been the highest in the last five quarters, reaching Rs 8.79 crore. This is a positive trend for the company's near-term operating profit. The earnings per share (EPS) have also been the highest in the last five quarters, reaching Rs 7.13. This indicates that the company has been able to create higher earnings for its shareholders.
However, one area of concern for Tiger Logistics is its operating cash flow, which has been falling each year in the last three years. In the latest financial results, the operating cash flow was at its lowest, reaching Rs -17.20 crore. This indicates that the company's cash revenues from business operations are declining.
Overall, Tiger Logistics has shown a strong financial performance in the quarter ending September 2024. With a positive trend in key areas such as net sales, PBT, and PAT, the company is expected to continue its growth in the near future. However, it will need to address the issue of declining operating cash flow to ensure sustainable growth in the long run. Based on these financial results, MarketsMOJO has given a 'Hold' call for Tiger Logistics' stock.
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