This smallcap stock which operates in the business of rail-focused, Multi-modal, 4PL asset-light logistics company was up 6.89 percent after the company received an order from Vedanta worth approx Rs. 1,089 crore and announced the Q3FY25 results.
Price Action
With a market capitalization of Rs. 1,099.08 Crores, the shares of Western Carriers (India) Limited were up by 6.89 percent in the day’s trade touching a day’s high of Rs. 113.95 per share.
The stock reiterated from the day’s high and was trading at Rs. 107.80 which is 1.13 percent higher from the previous closing price of Rs. 106.60 apiece. The stock has delivered a negative return of 32 percent, underperforming the Nifty Index from the listing period.
What Happened
The company has received a work order worth approx Rs. 1,089 crore from Vedanta Limited for Logistics services focused on Railway Transportation, CHA, and other services, which is to be executed within 4 years.
The four-year term includes aluminum ingots, wire rods, billets, pig iron transportation, and EXIM shipments. It involves providing services related to various multi-modal logistics solutions and moving goods from Vedanta’s plants in Jharsuguda (Odisha) to key export and other ports in India.
Q3YF25 Financial Highlights
Western Carriers (India) stock was in focus after reporting financial results for the quarter ending December 2024, Western Carriers (India) consolidated revenue from operations has declined by 3.00 percent year on year from Rs. 456.70 crore in Q3FY24 to Rs. 442.99 crore in Q3FY25 and increased by 2.68 percent quarter on quarter from Rs. 431.43 crore in Q2FY25.
The company’s consolidated net profit has declined by 35.28 percent year on year from Rs. 20.39 crores in Q3FY24 to Rs. 13.19 crores in Q3FY25. As compared to Q2FY25, the company’s net profit has declined by 30.38 percent quarter on quarter from Rs. 18.95 crore.
Business Segments
They recognize revenue from operations under the business of logistics and allied services to various customers in India as its sole segment.
Recent IPO Listing & Fund Utilisation update
The stock was recently listed on the bourses. The IPO’s higher band price stood at Rs. 172 per share and was listed at Rs. 171 per share which relates to a decline of 0.58 percent from the allotment price dated 24th September 2024.
The filings revealed the total amount raised from the IPO of Rs. 362.93 (including fresh issue offer expenses) out of which Rs. 187.22 crore has been utilized for the purpose. The remaining Rs. 175.71 crore fund utilization is pending towards capex plans and general corporate purposes as of 31st December 2024.
About the Company
Western Carriers (India) Limited was established in 2011. It is a leading private multi-modal logistics provider in India while focusing on rail-based transportation and 4PL services. They operate on an asset-light model, offering customizable logistics solutions across road, rail, water, and air transport.
Written by Santhosh S
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