Tiger Logistics shares hit 10% upper circuit post strong Q2 2024 results

Tiger Logistics (India) witnessed a sharp rise in its share price on Wednesday as the company's shares locked at the 10% upper circuit, trading at ₹68.47 per share on the BSE. This spike came after Tiger Logistics announced remarkable second-quarter results for the fiscal year ending September 2024, showcasing substantial growth in both net profit and revenue.

Financial highlights fueling the surge

Tiger Logistics reported a net profit of ₹7.54 crore for Q2FY25, a staggering 134% increase from ₹3.22 crore in the same quarter last year. The company's revenue from operations also showed impressive growth, climbing 198.94% to ₹160.17 crore, compared to ₹53.58 crore a year ago. These results highlight Tiger Logistics' robust position in the share market investment landscape, with a significant year-over-year increase in container volume driving revenue and profitability.

In addition, the company's recent credit rating affirmation by Infomerics Valuation and Rating Private Limited (IVR) has further strengthened investor confidence. The credit outlook was upgraded to "Stable" from "Negative" reflecting the improvement in Tiger Logistics' financial health, which has attracted attention from both new and seasoned share market investment enthusiasts.

Small-cap stock with strong returns

Tiger Logistics' stock, a small-cap share, has shown promising returns over recent months. In just the past month, the stock has gained over 8%, while the three-month gain stands at a robust 82%. Although the stock is down 4% year-to-date, it has surged over 46% in one year, proving its strength in share market investment for those looking at long-term gains. Over three years, Tiger Logistics has delivered multibagger returns exceeding 386%, making it an attractive choice for risk-tolerant investors interested in high-growth small-cap stocks.

Key takeaways

• Q2FY25 performance: Tiger Logistics' net profit rose 134%, with revenue up nearly 199% year-over-year, signalling strong growth potential.
• Credit rating upgrade: The outlook shift from "Negative" to "Stable" reflects improved financial stability, further supporting investor interest.
• Share market appeal: Tiger Logistics has provided substantial returns, with over 386% gains in three years, making it an intriguing option for share market investment.

This surge demonstrates how well-timed investments in growth-focused small-cap stocks like Tiger Logistics can potentially yield high returns in the evolving share market landscape.