Smallcap stock engaged in offering comprehensive end-to-end logistics services, ensuring seamless movement of goods across multiple modes of transport jumped Upto 9 percent in the day’s trade upon receiving a new work order worth Rs. 170 Crores from Hindustan Zinc.
Price Action
With a market capitalization of Rs. 1,120 Crores, the shares of Western Carriers (India) Limited were trading at Rs. 109 per equity share, up 7 percent from its previous day’s close price of Rs. 101.65.
What Happened
The shares of recently listed Western Carriers (India) Limited were seen in action today upon receiving a new work order from Hindustan Zinc Limited for a consideration of Rs. 170 Crores.
It involves the movement(export & import) of finished goods, zinc, and lead ingots from its smelting complexes at Chanderiya Lead Zinc Smelter, Zinc Smelter Debari, Dariba Smelting Complex (Rajasthan), and Pantnagar Metal Plant (Uttarakhand) to Mundra, Pipavav, and Mumbai ports and Hindustan Zinc Limited’s depots and customer sites across India for 4 years.
About the Company
Western Carriers India Limited is a Multi-modal, rail-focused, 4PL asset-light logistics company. It offers comprehensive end-to-end logistics services, ensuring seamless movement of goods across multiple modes of transport, including road, rail, and sea/river. Its expertise spans both domestic and EXIM cargo, facilitating efficient logistics within national borders and beyond.
Western Carriers has a pan-India presence with over 50 branch offices and four zonal offices across 23 states in India. It has 16 warehouses located across 12 states and it operates at over 55 major public rake handling points spread across India.
Its pan-India presence allows it to provide both first-mile and last-mile connectivity to its customers who have operations across India, including in remote areas.
Financials
Its Revenue from operations grew by 1.48 percent from Rs. 426.98 Crores in Q2FY24 to Rs. 433.31 Crores in Q2FY25, accompanied by profits of Rs. 18.3 Crores to Rs. 18.96 Crores.
Written by: Bharath K.S
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