Micro Cap Logistics Company, East West Holding Announced Financial Results

East West Holdings Limited has informed the stock market that its revenue from operations in the fourth quarter of the last financial year was Rs 65.14 crore, which was Rs 39.08 crore in the previous quarter and Rs 50 crore in the fourth quarter of the previous financial year.

The company has informed the stock market that its profit before tax in the fourth quarter of the last financial year was Rs 7.64 crore, which was Rs 15.3 1 lakh in the previous quarter and Rs 5.36 lakh in the fourth quarter of the previous financial year.

In the information given to the stock market, East West Holdings has said that its profit after paying tax in the fourth quarter of the last financial year was Rs 6.15 crore, which was Rs 16.53 lakh in the previous quarter and Rs 1.65 lakh in the fourth quarter of the previous financial year. Talking about the full financial year, the company's profit has increased by 278% to Rs 5.67 crore compared to Rs 1.5 crore.

The 52-week high of East West Holdings Limited shares is Rs 11.47 while the 52-week low is Rs 3.96. The shares of East West Holdings Limited have been weak for some time and have caused a loss of 12 percent to investors in the last 6 months. However, in the last 1 year, the shares of East West Holdings have given a return of 38 percent to investors.

The shares of East West Holdings were at the level of Rs 3.15 on 29 July 2016, from where investors have got a return of 86 percent so far. The shares of East West Holdings saw a high level of Rs 10.56 on 15 December 2023. East West Holdings informed the stock market that its board had a meeting on 29 May in which the results of the fourth quarter of the last financial year have been approved.

Recently, the company has informed exchanges that it has re-paid Rs 260 million to the bankers. The company said that this has helped it reduce its overall debt by 24 per cent. The company said that it has disposed of one of the properties situated in Mumbai for this purpose. The Board of Directors of the Company at its meeting held on 24" June, 2021 had decided to disposed one of the property of the Company situated at "Time Square" Village Marol, Andheri Kurla Road, Andheri East, Mumbai - 400059 and utilize the proceeds for paying off it's Loans from Bank/Financial Institution and reduce its debt by 20% to 30% and thereby improve its Debt-to-Equity ratio.

Headquartered in Mumbai, East West Holdings was incorporated in 1981. East-West Holding Limited is engaged in providing logistics and allied solutions through its wholly-owned subsidiary East West Freight Carriers Limited. The Company provides services in the trade of Global Logistics and Freight Forwarding. The company has a total investment of 40 crores in its subsidiary.