- By Aditya Pratap Singh
- Thu, 29 May 2025 05:01 PM (IST)
- Source:JND
Q4 Result: Small-cap logistics company North Eastern Carrying Corporation Limited (NECC) released its financial results for the fourth quarter of fiscal year 2024–2025 (FY25). A net profit of Rs 1.76 crore has been reported by the New Delhi-based company, which also offers services in neighbouring Bhutan and Nepal. Compared to the 2.86 crore recorded in the same quarter last year, this is about 38.4% less.
The company's operating revenue for the relevant quarter was Rs 88.09 crore. Compared to Rs 91.8 crore in the same quarter last year, this represents a decline of about 4% year over year (YoY).
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Over the last five years, the stock has returned about 44%. But in three years, it has corrected more than 2%, and in two years, it has produced a positive return of 23%.
Order From GAIL India
The state-owned GAIL (India) Limited awarded the company an order for the transportation of polymers last year for a total of Rs 52.48 crore. Exchanges were told by the company that the order would be carried out over three years.
The top natural gas company in India is GAIL (India) Limited, which is a division of the Ministry of Petroleum and Natural Gas. Through a bidding process, the company has secured the order for the transportation of polymer.
Stock Performance
In contrast to the previous day's closing price of Rs 24.86 on the NSE, shares of NECC Ltd. opened at Rs 25.25 on the BSE, representing a respectable gain. However, the stock lost the initial gain due to selling and ended the day down 1.73%, closing at Rs 24.43 on the NSE.
The stock fell more than 5% in a year after rising more than 2% in the previous five trading sessions and moving close to 3% in a month. North Eastern Carrying Corporation has a market capitalisation of Rs 240 Cr, but over the last five years, its share price has increased by Rs 450, making it one of the D-Street's multibagger stocks in the long run.
Disclaimer: This is just a piece of news about recent developments in the stock. Jagran does not advise investing, Please take experts' advice before investing.
