Multibagger Stock With 630% Returns Clocks 50% PAT Growth In Q1

Shreeji Translogistics has announced the quarterly result for the April-June period of financial year 2023-24. The company has reported strong numbers in the quarter, aided by strong consumer demand and backing from the government on the policy front.

The company said that it reported net sales in the quarter that ended on June 30, 2023 at Rs 59.4 crore. This was up 55 per cent year-on-year basis. Sequentially, the net sales of the company rose nearly 9 per cent from Rs 54.8 crore.

The net profit in the quarter increased by more than 50 per cent to Rs 4.10 crore as compared to Rs 2.64 crore in Q1 FY2023. From the preceding quarter, the company's net profit grew by 48 per cent from Rs 2.76 crore.

Its EBITDA stood at Rs. 6.96 crore in June 2023 quarter, up over 35 per cent from Rs 5.09 crore in June 2022 quarter.

Shreeji Translogistics have had a solid run run in the last one year, climbing 41 per cent as against 12 per cent rise in the benchmark Sensex. Its shares have risen more 658 per cent in the last two years.

Shreeji Translogistics is a small-cap company listed on BSE having a market cap of Rs 357 crore. The Mumbai-based company is a surface logistics and parcel delivery service provider. It provides freight management, logistics solutions and warehousing services.