North Eastern Carrying Corporation (NECC) Limited announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Wednesday, May 28, reporting a plunge of 38.4 per cent in net profit to ₹1.76 crore, compared to ₹2.8 crore in the corresponding period last year. The small-cap stock has delivered massive multibagger returns of 450 per cent in the last five years.
NECC is a transport and logistics company. The company is engaged in domestic goods transportation, international goods transportation, commercial goods transportation services, industrial goods transportation, and warehousing services.
"The Board of Directors at their Meeting held today, Wednesday, May 28, 2025, has considered and approved Audited Financial Results of the company for the quarter and year ended March 31, 2025, as recommended by the Audit Committee. In this regard, we are enclosing herewith:
-Audited Financial Results for the quarter and year ended March 31, 2025, along with the Statement of Assets and Liabilities and Cash Flow Statement of the Company as on that date," said NECC in a regulatory filing to the stock exchanges.
NECC reported a drop of over four per cent in revenue from operations in the fourth quarter of FY25 to ₹88.09 crore, compared to ₹91.8 crore in the corresponding period last year. The logistics company's net profit slumped 38 per cent to ₹1.76 crore, compared to ₹2.8 crore in the year-ago period.
On Wednesday, shares of NECC opened at ₹24.91 and swung to an intraday high of ₹25.15 and a low of ₹24.60, before settling 2.24 per cent higher at ₹25.05 apiece on the BSE. The small-cap stock has risen 4.05 per cent in the last five days and eight per cent in one month. It has tanked over 30 per cent year-to-date (YTD).
NECC provides a range of freight management and customised logistics solutions backed by automated enterprise resource planning-based software. The domestic company’s services include booking small parcels, part truck load, full truck load consignments, bulk movements, and project consignments to over-dimensional consignments.
It also provides end-to-end supply chain services. The Delhi-headquartered company is involved in containerised cargo movement, warehousing, packing and moving, third-party logistics, and storage facilities all under one roof.
NECC has approximately 300 branches across India and Nepal and operational set-ups in Bhutan and Bangladesh. The company's online consignment tracking system allows customers to track the whereabouts of their consignment anytime, anywhere online.
Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts, consider individual risk tolerance, and conduct thorough research before making investment decisions, as market conditions can change rapidly, and individual circumstances may vary.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.