Patel Integrated Logistics Ltd. (NSE: PATINTLOG): Q3 FY23 Results Out; Total Income Rises 0.5% YoY

Patel Integrated Logistics Ltd (NSE: PATINTLOG) is a leading surface logistics and road transportation company based in India. The company has a network of 500 stations nationwide and a workforce of over 1,000 employees, with a reputation for reliable service and strict adherence to delivery schedules. Patel has a solution-oriented approach, combined with its experienced human resources, extensive network, and appropriate technology, which has earned the company over 6,000 customers who avail of its top-quality integrated logistics solutions and services.

December 2022 was a strong quarter for Patel Integrated Logistics Ltd compared to the same quarter in the previous year and the previous quarter. The company recorded a higher sales revenue at 81.51 crore compared to 61.15 crore in December 2021, an increase of approximately 32.6%. The operating profit also increased to 2.87 crore, compared to 1.35 crore in December 2021, an increase of approximately 112%. This resulted in an increase in the operating profit margin to 3.52% in December 2022, compared to 2.19% in December 2021. The company also recorded a higher net profit at 1.17 crore in December 2022, compared to 1.25 crore in December 2021, an increase of approximately 6.4%. This resulted in an increase in the earnings per share (EPS) to 0.18 in December 2022, compared to 0.19 in December 2021.

Compared to September 2022, the company recorded a lower sales revenue at 81.51 crore in December 2022, compared to 81.51 crore in September 2022. The operating profit also decreased to 2.87 crore in December 2022, compared to 2.63 crore in September 2022, a decrease of approximately 9.2%. This resulted in a decrease in the operating profit margin to 3.52% in December 2022, compared to 3.68% in September 2022. However, the company recorded a higher net profit at 1.17 crore in December 2022, compared to 1.11 crore in September 2022, an increase of approximately 5.4%. This resulted in an increase in the earnings per share (EPS) to 0.18 in December 2022, compared to 0.17 in September 2022.