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Seacoast Shipping Services announces Q2FY22 results

Posted On: 2021-10-21 16:55:34 (Time Zone: IST)


Seacoast Shipping Services Net profit up at Rs. 587.90 Lakhs as against Rs. 309.98 Lakhs in the Q1FY22.

Seacoast Shipping Services Ltd, a leading company providing single window logistics services to exporters and importers has announced excellent Q2FY22 ended September 2021. The company has reported revenue of Rs 7201.05 Lakhs compared toRs. 6056.45 Lakhs in the previous quarter ended June 30, 2021. Net profit surged to Rs. 587.90 Lakhs for the quarter ended September 30, 2021, as against Rs. 309.98 Lakhs in the Q1FY21. The earnings per share shot up to Rs.1.75 from Rs. 0.92 in the Previous Quarter.

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.

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.

Shares of Seacoast Shipping Services Ltd was last trading in BSE at Rs. 214.35 as compared to the previous close of Rs. 218.75. The total number of shares traded during the day was 43920 in over 197 trades.

The stock hit an intraday high of Rs. 227.00 and intraday low of 208.00. The net turnover during the day was Rs. 9461545.00.


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