Shahi Shipping Q4 Results Live : profit rise by 125.6% YOY

Shahi Shipping Q4 Results Live : Shahi Shipping announced their Q4 results on 21 May, 2024, showcasing a remarkable performance. The company's revenue surged by 15.2% year-over-year, reflecting strong growth in their top line.

Moreover, Shahi Shipping witnessed a substantial increase of 125.6% in profits compared to the same quarter last year, underlining their operational efficiency and financial strength.

In comparison to the previous quarter, the company's revenue saw a significant growth of 38.01%, while the profit soared by an impressive 177.55%, indicating a positive trend in their financial performance.

However, it is noteworthy that the Selling, general & administrative expenses experienced a sharp rise of 56.18% quarter-on-quarter and a 26.41% increase year-on-year, which calls for prudent cost management strategies.

On the other hand, the operating income witnessed a decline of 26.99% quarter-on-quarter and a 27.38% decrease year-on-year, signaling potential challenges in the operational aspect that need to be addressed.

The earnings per share (EPS) for Q4 stood at ₹1.12, marking a significant growth of 117.37% year-on-year, which is a positive indicator for the company's profitability and shareholder value.

Furthermore, investors have shown confidence in Shahi Shipping as reflected in their impressive returns of 20.14% in the last 1 week, 85.61% in the last 6 months, and 45.97% year-to-date, highlighting a strong market performance.

As of now, Shahi Shipping commands a market capitalization of ₹14.96 Cr with a 52-week high/low of ₹11.8 and ₹4.2 respectively, showcasing stability and growth potential in the market.