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Seacoast Shipping Services soars 5% after net profit up at Rs587.90 Lakhs in Q2FY22

The company has reported revenue of Rs7201.05 Lakhs compared to Rs6056.45 Lakhs in the previous quarter ended June 30, 2021.

October 21, 2021 9:24 IST | India Infoline News Service
Bull Market
Seacoast Shipping Services Ltd, a leading company providing single window logistics services to exporters and importers has announced excellent Q2FY22 financial results ended September 2021.

The company has reported revenue of Rs7201.05 Lakhs compared to Rs6056.45 Lakhs in the previous quarter ended June 30, 2021. Net profit surged to Rs587.90 Lakhs for the quarter ended September 30, 2021, as against Rs309.98 Lakhs in the Q1FY21. The earnings per share shot up to Rs.1.75 from Rs0.92 in the Previous Quarter.

Seacoast Shipping Services Ltd was trading at Rs224.50 per piece up Rs10.15 or 4.74% on the BSE. The stocks hit a high of Rs235.75 per piece early on Thursday. 

The company has blue-chip clientele including Adani Aditya Birla, Welspun, JMC Projects, etc Looking to the Overall growth of the company, the management is confident of achieving a similar growth in the coming quarter in FY2021-22.

“Seacoast is amongst the top three freight forwarders handling Agri export commodities exports in containers from Mundra port. It offers complete logistics solutions under one roof and also offers International Ship Operations of Modern Dry Bulk Vessels. Every year it carries around 5.0 million mt of bulk /and unitised cargo across the oceans. As a specialist in spot business, SeaCoast focuses fully on dry bulk logistics and Container Freight Forwarding along with Inland Road Logistics,” company said.

The company offers Total Multimodal Logistics through seam-less services from the transportation of cargo to export. It offers a one-stop solution for the oceanic transport of dry bulk cargoes worldwide. The main role is ensuring the safe and efficient Marine transportation of commodities.

Ship Chartering Charter Vessel on Time or Period for movement of cargo Worldwide, Coastal Trade, Freight Forwarding End-to-End Service Provider for Container movement, Warehousing and Transportation of FMCG product providing end-to-end service in FMCG products for example Liquid, Salt, ceramic etc within India, Mining and Transportation.

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