Latest news with #VeloxShippingandLogistics
Business Standard
13-06-2025
- Business
- Business Standard
Shipping stocks sail higher as Baltic Dry Index hits 8-month high
Shares of shipping companies were in high demand on Friday as freight rates surged sharply, lifting investor sentiment across the sector. The Baltic Dry Index (BDI), a global benchmark that tracks the cost of transporting dry bulk commodities like coal, iron ore, and grains, jumped 9.6% to 1,904, marking its highest level since October 7. The rally in BDI reflects strong activity in global trade routes. On the back of this, Shipping Corporation of India (SCI) (up 5.16%), Velox Shipping and Logistics (up 5%) and Great Eastern Shipping Company (up 2.63%) surged. A rising BDI typically boosts earnings potential for shipping companies as it directly translates into higher freight revenues per voyage.
Business Standard
07-05-2025
- Business
- Business Standard
Velox Shipping and Logistics standalone net profit declines 9.09% in the March 2025 quarter
Sales reported at Rs 0.25 croreNet profit of Velox Shipping and Logistics declined 9.09% to Rs 0.30 crore in the quarter ended March 2025 as against Rs 0.33 crore during the previous quarter ended March 2024. Sales remain constant at Rs 0.25 crore in the quarter ended March 2025 and also during the previous quarter ended March the full year,net profit rose 144.44% to Rs 0.44 crore in the year ended March 2025 as against Rs 0.18 crore during the previous year ended March 2024. Sales remain constant at Rs 0.25 crore in the year ended March 2025 and also during the previous year ended March EndedYear EndedMar. 2025Mar. 2024% 2025Mar. 2024% 0 0.250.25 0 OPM %96.0068.00 -40.008.00 - PBDT0.360.33 9 0.550.18 206 PBT0.360.33 9 0.550.18 206 NP0.300.33 -9 0.440.18 144 Powered by Capital Market - Live News
