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Ahmedabad-based Seacoast Shipping Services Ltd., a logistics services provider, reported strong financial numbers for Q1 2023-24, with a 65% YoY increase and an 80% increase QoQ in Profit After Tax. The company also announced a rights issue opening on July 21. Seacoast's Q1 revenue was INR 99.72 crore, a 7% growth YoY. The company's net profit margin more than doubled QoQ, from 2.4% to 5%. The rights issue offers 3 right equity shares for every 5 shares held. Eligible shareholders can obtain details on the Registrar's website.
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