440% return in 5 years: This logistics firm releases quarterly outcomes – Check particulars
Last 12 months, the corporate had secured an order price Rs 52.48 crore from state-owned GAIL (India) Limited for the transportation of polymer. The firm knowledgeable exchanges that the order can be executed over a interval of three years.
Logistics firm North Eastern Carrying Corporation Limited (NECC) has introduced its monetary outcomes for the fourth quarter of the monetary 12 months 2024-25 (FY25). The New Delhi-based firm, which additionally gives companies in neighbouring Bhutan and Nepal, has reported a web revenue of Rs 1.76 crore. This is round 38.4 per cent decrease than 2.86 crore reported in the identical quarter a 12 months in the past.
The income from operations of the corporate within the quarter into consideration stood at Rs 88.09 crore. This is a fall of round 4 per cent on a year-on-year (YoY) foundation from Rs 91.8 crore in the identical quarter a 12 months in the past.
The inventory has given a return of round 440 per cent in 5 years. However, it has corrected over 2 per cent in three years and has given a constructive return of 23 per cent in two years.
Wins Order From GAIL
Last 12 months, the corporate had secured an order price Rs 52.48 crore from state-owned GAIL (India) Limited for the transportation of polymer. The firm knowledgeable exchanges that the order can be executed over a interval of three years.
Under the Ministry of Petroleum and Natural Gas, GAIL (India) Limited is India’s main pure fuel firm. The firm has bagged the order by a bidding course of to move polymer.
Stock Market Today
Meanwhile, fairness benchmark indices Sensex and Nifty rebounded in early commerce on Thursday after two days of decline. The soar mirrors a rally in Asian markets after a US federal court docket blocked President Donald Trump’s ‘Liberation Day’ tariffs on imports below an emergency-powers legislation. Also, international fund inflows drove fairness markets greater.
The 30-share BSE benchmark gauge Sensex jumped 504.57 factors to 81,816.89 in early commerce. The NSE Nifty climbed 137.25 factors to 24,889.70.
From the Sensex corporations, Infosys, Tata Steel, Tech Mahindra, HCL Tech, Tata Consultancy Services, Sun Pharma, Tata Motors and HDFC Bank had been among the many largest gainers.
(This article is for informational functions solely and shouldn’t be construed as funding, monetary, or different recommendation.)
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