The shares of the logistic solution provider gained up to 9 percent after the company’s net profit and revenue stretched by 128 percent and 209 percent, YoY, respectively, in Q3FY25.
With a market capitalization of Rs 718.93 crore, the shares of Tiger Logistics (India) Ltd were trading at Rs 68.00 per share, increasing around 3.58 percent as compared to the previous closing price of Rs 65.65 apiece.
Reason for Rise
The shares of the company have seen positive movement after Tiger Logistics (India) Ltd reported positive results in Q3FY25, revenue increased by 0.6 percent on a quarter-on-quarter basis from Rs. 160 crore in Q2FY25 to Rs. 161 crore in Q3FY25. Further, revenue zoomed by 207 percent year on year, from Rs 52 crore in Q3FY24 to Rs. 161 crore in Q3FY25.
The company’s net profit increased by 12 percent on a quarter-on-quarter basis, from Rs. 7.54 crore in Q2FY25 to Rs. 8.42 crore in Q3FY25. Further, net profit magnified significantly by 105 percent year on year from Rs 3.68 crore in Q3FY24 to Rs. 8.42 crore in Q3FY25.
Core Business Segments
The company’s core business segments, including import and project logistics, are thriving alongside traditional automobile logistics. The TiGreen vertical in renewable energy logistics is boosting revenue, while air freight has surged 4.5x YoY, enhanced by becoming an IATA agent for improved purchasing power and direct airline dealings.
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Strategic Initiatives
The company is pursuing inorganic growth through acquisitions, focusing on mid-size firms in the LCL space to expand services. Management aims to gain control and support acquired entities, confident that this strategy will drive growth and strengthen the company’s market position.
Market Outlook
The management is bullish on future growth, expecting higher exports to the US and improved international trade as geopolitical tensions ease. They foresee continued growth in exports and imports, maintaining optimism about the automotive logistics sector despite recent inventory challenges.
Company Overview
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
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