1 week Ago By Pawan Kumar
New Delhi: Tiger Logistics' share price soared to the upper circuit limit of 10 per cent on Wednesday, reaching Rs 68.47 per share on the BSE after the company released its earnings report for the second quarter ending September 2024. Tiger Logistics Q2 ResultsThe logistics provider reported a net profit of Rs 7.
54 crore for the quarter, a growth of 134 per cent compared to Rs 3.22 crore in the same period last year. Additionally, the company's revenue from operations jumped 198.
94 per cent to Rs 160.17 crore, up from Rs 53.58 crore year-on-year.
Earlier this month, Tiger Logistics announced that its credit ratings were reaffirmed by Infomerics Valuation and Rating Private Limited (IVR). The company’s outlook was upgraded from ‘Negative’ to ‘Stable,’ reflecting significant improvements in its financial performance during the first quarter of FY25. Tiger Logistics Share Price PerformanceAs a small-cap stock, Tiger Logistics has shown solid performance in the market, gaining over 8 per cent in the past month and an impressive 82 per cent over the last three months.
While it is down 4 per cent year-to-date, the share price has surged more than 46 per cent over the past year and has delivered multibagger returns of over 386 per cent in the last three years. Tiger Logistics Share Price TodayAt 11:00 am, shares of Tiger Logistics were trading 8.13 per cent higher at Rs 67.
31 apiece on the BSE. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.
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