Logistics inventory jumps 4% after firm obtained work orders price ₹ 78 Cr

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Logistics inventory engaged within the enterprise of offering logistics and provide chain options like freight forwarding, customs clearance and lots of extra jumped 4 % within the day’s commerce upon receiving work orders price Rs. 78 Crores. 

With a market capitalization of Rs. 586 Crores, the shares of S J Logistics Restricted closed at Rs. 404.95, up 0.51 % from its earlier day’s shut worth of Rs. 402.90. 

S J Logistics Restricted has obtained two work orders, the primary order being obtained from a Transmission and Distribution participant for offering end-to-end logistics Companies for turnkey tasks within the Energy & Water Sector for a consideration of Rs. 62 Crores and the order is to be executed inside 9 months. 

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S J Logistics Restricted has obtained its second work order from one other Transmission and Distribution participant for offering Port to Port Logistics Companies for a Cargo Undertaking for a consideration of Rs. 16 Crores and it must be executed inside 10 months. 

SJ Logistics Restricted is engaged within the enterprise of offering logistics and provide chain options like freight forwarding, customs clearance, transportation dealing with companies, and lots of extra. 

Its income from operations grew by 26 % from Rs. 103 Crores in FY22 to Rs. 134 Crores in FY23, accompanied by income of Rs. 1 Crore toRs. 7 Crores. 

It has reported a return on fairness (ROE) of 24.40 %, a return on capital employed (ROCE) of 20.86 %, and a debt-to-equity ratio of 1.08. 

Written by: Bharath Ok.S

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