Shreyas Shipping & Logistics Ltd Q1FY24; 98% fall in Profits

Shreyas Shipping & Logistics Ltd, set up in 1994, owns and operates vessels for container feeder operations between Indian and international container trans-shipment ports. The company is India’s first container feeder owning and operating company. It has diversified into logistics, transportation, warehousing, and distribution services.

Financial Results:

Shreyas Shipping & Logistics Ltd reported Revenues for Q1FY24 of ₹70.68 Crores down from ₹150.14 Crore year on year, a fall of 52.92%.

Total Expenses for Q1FY24 of ₹91.30 Crores up from ₹77.29 Crores year on year, a rise of 18.13%.

Consolidated Net Profit of ₹1.31 Crores down 98.22% from ₹73.56 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.60, down 98.21% from ₹33.50 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.