Seacoast Shipping Services Q1 Results Revenue Rises to ₹15,147.32 Lakhs, Net Profit Declines to ₹700.00 Lakhs

Seacoast Shipping Services Q1 Results: Seacoast Shipping Services has announced its unaudited financial results for the first quarter of the 2024-2025 fiscal year, concluding on June 30, 2024.

The company reported a revenue of ₹15,147.32 lakhs, reflecting a 21% increase in QoQ compared to ₹12,502.10 lakhs in the previous quarter. This QoQ growth underscores Seacoast's continued expansion and robust performance in the logistics sector, particularly in handling agri-export commodities and bulk cargo.

Despite the revenue boost, Seacoast Shipping's expenses also rose, reaching ₹14,213.99 lakhs, up from ₹10,923.10 lakhs in the preceding quarter. This QoQ increase in expenses led to a profit before tax of ₹933.33 lakhs for Q1 2024-2025, marking a 40.6% decrease in QoQ compared to ₹1,579.00 lakhs reported in Q4 2023-2024.

The company’s net profit for the period stood at ₹700.00 lakhs, which is a 6.7% decrease in QoQ from ₹750.43 lakhs in the last quarter. Year-over-year (YoY) comparisons would provide a broader view, but the results indicate both the potential and challenges Seacoast Shipping Services faces as they navigate the complexities of the logistics market.

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Seacoast Shipping Services Q1 Results 2024-2025

Seacoast Shipping Services has released its unaudited financial results for the first quarter of the fiscal year 2024-2025. The results reflect the company's ongoing growth and performance amidst evolving market conditions. Below is a summary of the key financial metrics for the period ending June 30, 2024:

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Seacoast Shipping Services Current Market Overview

Seacoast Shipping Services is currently trading at ₹5.71 per share, with a market value of ₹308 crore. The stock has recently dropped by 2.23% and has ranged between ₹7.49 and ₹2.53 over the past period. The company's price-to-earnings ratio is 13.8, and it has a book value of ₹2.36 per share.

Seacoast does not pay a dividend, but it shows strong financial performance with a return on capital employed of 28.3% and a return on equity of 21.4%. The face value of its shares is ₹1.00.

Q1 Results

Seacoast Shipping Services has provided detailed quarterly results for the recent periods, highlighting their financial performance. The figures below capture key metrics for December 2023, March 2024, and June 2024. This data offers insight into the company's profitability, expenses, and overall financial health over these quarters:

About Seacoast Shipping Services

Seacoast Shipping Services is a growing company based in India that provides comprehensive logistics solutions for exporters and importers. Established in 2005, the company started as a freight forwarder and has expanded its services to include container transportation, customs clearing, and phytosanitary services.

Over the years, Seacoast has become one of Gujarat's largest freight forwarders, specializing in handling agricultural exports and bulk cargo. With a dedicated team of professionals and a focus on multimodal logistics, Seacoast Shipping aims to offer seamless transport solutions from cargo pickup to export.

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