The share of Indian third-party logistics services providing companies is in focus after the company bags multiple orders from BHEL and HPCL. reinforcing the company’s reputation as a trusted partner for handling critical cargo across diverse government and PSU sectors.
Price movement
With a market capitalisation of Rs. 534.97 crores, on Tuesday, the shares of Tiger Logistics (India) Ltd were trading at Rs 50.0. Intraday, the company was trading up close to 3 percent against the previous closing price of Rs 50.60.
What’s the News
The company has announced that it has bagged major orders from the government and the PSU sectors, followed by its comprehensive service offerings and proven expertise in the logistics field. Although the price of the orders is not disclosed, the details of the orders are as follows.
Details
Recently, Tiger secured five ODC projects from Italy for BHEL, with two already in transit. Additionally, one air cargo shipment from Argentina is in process.. Tiger Logistics continues its successful partnership with BHEL, handling a wide range of logistics services, including Customs Clearance, Warehousing, Transportation, and ODC.
Tiger Logistics is set to secure a major Air Cargo project from HPCL, having emerged as the L1 bidder. Building on its successful track record with HPCL, the project is expected to involve a significant volume of shipments monthly.
Tiger Logistics has strengthened its presence in the PSU sector in FY25, securing key contracts with several prominent PSUs. This includes a two-year agreement with Bharat Earth Movers Limited (BEML) for air and sea import services, with recent shipments from the Czech Republic to Pune and the UK to Chennai. Additionally, the company was empaneled for two years with the Airport Authority of India (AAI) and continues its partnerships with BNPMIPL, HAL, CEL, and BEL.
About the company
Tiger Logistics (India) Limited is a leading international logistics company, The company offers a wide range of services, including freight forwarding (air & ocean), defense & project logistics, transportation, and customs clearance. With over 24 years of experience, it serves industries such as automotive, renewable energy, pharmaceuticals, and FMCG, among others.
The company also provides end-to-end logistics solutions, emphasizing cost innovation and personalized service. The company works globally through a network of partners to ensure reliable and timely cargo movement.
Financials
The company’s revenues grew by 207 percent from Rs. 53.04 crores in Q3FY24 to Rs. 163.13 crores in Q3FY25. Its net profits grew by 128.8 percent from Rs. 3.68 crores in Q3FY24 to Rs. 8.42 crores in Q3FY25.
Written by Likesh Babu S
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