The shares of logistic service provider gained up to 5 percent after the company’s net profit and revenue increased by 82 percent YoY and 78 percent QoQ, respectively, in the fourth quarter.
With a market capitalization of Rs 443.83 crore, the shares of Tiger Logistics (India) Ltd were trading at Rs 41.98 per share, increasing around 2.47 percent as compared to the previous closing price of Rs 40.97 apiece.
Looking into the company’s performance, Tiger Logistics (India) Ltd revenue increased by 78 percent on a quarter-on-quarter basis from Rs. 51.95 crore in Q3FY24 to Rs. 92.71 crore in Q4FY24. Further, revenue increased by 52 percent year on year, from Rs. 61.04 crore in Q4FY23 to Rs. 92.71 crore in Q4FY24.
Tiger Logistics (India) Ltd’s net profit increased by 10 percent on a quarter-on-quarter basis, from Rs. 3.68 crore in Q3FY24 to Rs. 4.03 crore in Q4FY24. Further, net profit increased by 82 percent year on year from Rs. 2.21 crore in Q4FY23 to Rs. 4.03 crore in Q4FY24.
Tiger Logistics achieved $197 billion worth of merchandise exports and expected to reach the target of $400 billion this year. The company estimated 33 percent increase in merchandise exports.
It has a strong customer base that includes well-known companies and government institutions such as HAL, Praj Industries, BHEL, Inox Wind, Balkrishna Industries, KTM, and others.
The company’s profitability measures show an decline in return on equity (RoE) from 23.77 percent in FY 21-22 to 11.69 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 31.79 percent to 15.72 percent. In contrast, the net profit margin (NPM) was 5.39 percent in fiscal year 22-23.
Tiger Logistics (India) is a leading international logistics and solutions provider that specializes in freight forwarding, transportation, and customs clearance. It has a strong presence throughout the country and serves industries such as automotive, engineering, yarns, textiles, pharmaceuticals, commodities, FMCG, and many more.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
