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Gconnect Logitech and Supply Chain Ltd, a BSE SME-listed surface logistics company based in Bhavnagar, Gujarat, has filed its 3rd Annual Report for FY 2024-25 along with the AGM notice. Revenue from operations rose about 16% to Rs. 467.12 lakhs from Rs. 401.47 lakhs in FY24, while profit after tax grew nearly 16% to Rs. 27.89 lakhs from Rs. 23.98 lakhs. However, basic and diluted EPS fell to Rs. 0.75 from Rs. 1.19, mainly because the share count expanded to 37,19,547 shares after its IPO of 14,01,000 shares on the BSE SME platform in April 2024. The board has not recommended any dividend, citing the need to conserve funds for business expansion and working capital. The 3rd AGM is scheduled for September 30, 2025 at 11:00 a.m. at the registered office in Bhavnagar.
Shareholders will see steady top-line and bottom-line growth, but EPS dilution from the recent IPO means per-share earnings have not improved yet. The zero-dividend stance signals reinvestment into the business rather than near-term income for shareholders. The small size (only 6 permanent employees, ~Rs. 4.7 crore in revenue) and two minor secretarial audit observations are points worth tracking.