East West Freight Carriers shares strong FY24 report
The firm reported robust revenue growth, driven by a combination of increased volumes and strategic pricing initiatives.
East West Freight Carriers has released if FY24 annual report. In its report, the company said it has surpassed expectations in key performance areas.
The firm reported robust revenue growth, driven by a combination of increased volumes and strategic pricing initiatives.
East West Holdings said that its revenue surged from Rs 51.45 crore to Rs 73.54 crore YoY, reflecting a rise of 43 per cent on a yearly basis.
The company also said that it is committed to focusing on sustainability as it contributes to a healthier planet.
Earlier, East West Holdings said that its net profit in the fourth quarter of the financial year 2024 stood at Rs 5.67 crore. This is an increase from Rs 1.50 crore in the previous financial year.
In the quarter ending March 31, 2024, the company's audited net profit was Rs 6.15 crore. This is a considerable surge from Rs 1.65 lakh in the same quarter of last financial year. This represents a year-on-year (YoY) rise in net profit of over 37,000 per cent.
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