Shreeji Translogistics Limited, one of the leading integrated national logistical solutions providers, experienced a surge in its shares by 5 percent following the release of its Q3FY24 results. The company reported a staggering 89.96 percent increase in net profit, which contributed to the positive market response.
At 11:00 a.m, Shreeji Translogistics Limited’s shares were trading at Rs. 53.82, reflecting a 3.16 percent increase from the previous day’s closing price of Rs. 52.17. With a market capitalization of Rs. 280 Crores, the company continues to demonstrate its strong presence in the market.
The revenue from operations also showcased significant growth, with a 26.46 percent Year-over-Year (YoY) increase from Rs. 52.14 Crores in Q3FY23 to Rs. 65.94 Crores in Q3FY24. Additionally, there was a 1.27 percent Quarter-over-Quarter (QoQ) growth from Rs. 65.11 Crores in Q2FY24 to Rs. 65.94 Crores in Q3FY24.
Shreeji Translogistics Limited specializes in providing integrated national logistical solutions such as freight management, logistics solutions, and warehousing services to multiple industries. The company boasts a fleet of 312 trucks and operates with a diverse client base that includes renowned companies like Samsung, Godrej, Cipla, and Tata Power, among others.
In the previous fiscal year, the company generated 55.43 percent of its revenue from Full truckload, 7.44 percent from parcel services, 24.66 percent from Bonded trucking, 4.76 percent from import-export, and the remaining 7.71 percent from other services. This diversified revenue stream contributes to the company’s stability and growth.
With a return on equity (ROE) of 29.19 percent and a return on capital employed (ROCE) of 22.59 percent, Shreeji Translogistics Limited showcases impressive returns on its equity and capital investments.
Investors must exercise caution and seek advice from their investment advisors before making any decisions based on this information. While the company’s Q3FY24 results are promising, it is important to remember that investing in equities carries inherent risks, and individual circumstances should be considered.
FAQ Section:
1. What is the main news regarding Shreeji Translogistics Limited?
– The main news is that the company reported a significant increase in net profit, which led to a positive market response and a surge in its shares by 5 percent.
2. What was the percentage increase in net profit for the company?
– The company reported a staggering 89.96 percent increase in net profit.
3. What was the trading price of Shreeji Translogistics Limited’s shares at 11:00 a.m?
– At 11:00 a.m, the trading price of the company’s shares was Rs. 53.82.
4. How much did the revenue from operations increase in Q3FY24 compared to Q3FY23?
– The revenue from operations increased by 26.46 percent Year-over-Year (YoY) in Q3FY24 compared to Q3FY23.
5. What industries does Shreeji Translogistics Limited cater to?
– Shreeji Translogistics Limited specializes in providing integrated national logistical solutions to multiple industries including freight management, logistics solutions, and warehousing services.
6. How many trucks does the company have?
– The company has a fleet of 312 trucks.
7. What percentage of revenue does the company generate from Full truckload?
– The company generated 55.43 percent of its revenue from Full truckload.
8. What are the returns on equity and capital investments for the company?
– The company has a return on equity (ROE) of 29.19 percent and a return on capital employed (ROCE) of 22.59 percent.
Definitions:
– Q3FY24: Refers to the third quarter of the financial year 2023-2024.
– Year-over-Year (YoY): A comparison of the same period in consecutive years.
– Quarter-over-Quarter (QoQ): A comparison of the same period in consecutive quarters.
– Market capitalization: The total market value of a publicly traded company’s outstanding shares.
– Full truckload: A shipment that occupies the entire capacity of a truck.
– Parcel services: Services that involve transporting smaller packages or parcels.
– Bonded trucking: Transportation of goods under customs control.
– Return on equity (ROE): A measure of a company’s profitability by calculating the returns it generates from shareholders’ equity.
– Return on capital employed (ROCE): A measure of a company’s profitability by calculating the returns it generates from capital investments.
Related Links:
– Shreeji Translogistics Limited Official Website