NECC Q4 Results: Net Profit Reached Rs 92 Cr; Details Here

North Eastern Carrying Corporation has informed the stock market that its operating income in the March quarter of the last financial year was Rs 91.84 crores, which was Rs 85.58 crores in the previous quarter and Rs 73.38 crores in the third quarter of the last financial year. The company's profit before tax was Rs 2.97 crore in the March quarter of the last financial year, which was Rs 3.09 crore in the previous quarter and Rs 2.70 crore in the fourth quarter of the last financial year.

Talking about the company's net profit, was Rs 2.86 crore in the fourth quarter of the last financial year, which was Rs 2.51 crore in the previous quarter and Rs 1.12 crore in the fourth quarter of the last financial year.
Amidst the boom in the stock market, the shares of North Eastern Carrying Corporation Limited were also showing a slight rise and touched the level of Rs. 25.

The shares of North East Carrying Corporation, a micro-cap logistics company with a market cap of about Rs 237 crore, have a 52-week high of Rs 37.40 while the 52-week low is Rs 18.25. The shares of North Eastern Carrying Corporation have been weak for the last few days and have given a negative return of 22 per cent to investors in 6 months.

However, in the last 1 year, the stock of NECC Limited has given a return of 26 per cent to the investors from the level of Rs 19.62, whereas, in the last 5 years, it has given a return of 230 per cent from the level of Rs 7.54.

Recently, the company has informed exchanges that its board of directors has approved the allotment of 6,70,000 equity shares and 39,55,062 share warrants convertible into equity shares on a preferential basis. Allotment of 6,70,000 equity shares and 39,55,062 shares warrants convertible into equity shares on the preferential basis of the face value of Rs 10 each for Rs 32.05 which includes a premium of Rs 22.05 per equity share to promoters and another non-promoter group person for cash consideration by way of the preferential issue on a private placement basis by the Companies Act, 2013, SEBI (ICDR) Regulations and other applicable laws.
In December, the Logistics company secured an order worth Rs 52.48 crore from state-owned GAIL (India) Limited for the transportation of polymer.

NECC offers a wide range of transport services in India, Nepal and Bhutan. Its services include booking small parcels, full truck load consignments, project consignments to over dimensional consignments (ODC). NECC also provides containerized movement of cargo, warehousing, packing and moving and storage facilities.