During Wednesday’s trading session, shares of one of India’s leading private, multi-modal, rail-focused, 4PL asset-light logistics company jumped 2.3 percent on BSE, after securing an order worth Rs. 23 crores from Shriram Alkali & Chemicals, a unit of DCM Shriram Limited.
With a market capitalisation of Rs. 761 crores, the shares of Western Carriers (India) Limited hit an intraday high at Rs. 76.5 on BSE, up by nearly 2.3 percent, as against its previous closing price of Rs. 74.75. The stock has delivered negative returns of nearly 53 percent in last one year, but gained around 5 percent returns in the last one month.
What’s the News
According to the latest regulatory filings with the stock exchanges, Western Carriers (India) Limited has received a work order worth nearly Rs. 23 crores from Shriram Alkali & Chemicals, a division of DCM Shriram Limited. The order is for the rake transport of CSL to Vedanta Lanjigarh and is expected to be executed within one year.
Previous Updates
8th February: Western Carriers secured one of the largest orders in the Indian multimodal logistics industry, valued at Rs. 1,089 crores, from Vedanta Limited. This four-year contract (until 2028) covers the transportation of aluminium ingots, billets, wire rods, pig iron, and EXIM shipments for export. The order includes various multi-modal logistics solutions, including moving goods from Vedanta’s plants in Jharsuguda (Odisha) to key export ports and major domestic hubs across India.
Financial Performance
Western Carriers reported a marginal decline in its revenue from operations, showing a year-on-year fall of around 3 percent from Rs. 457 crores in Q3 FY24 to Rs. 443 crores in Q3 FY25. Similarly, its net profit decreased during the same period from Rs. 20 crores to Rs. 13 crores, indicating a fall of around 35 percent YoY.
About the Company
Western Carriers (India) Limited (WCIL) is engaged in the business of providing single, multimodal and other transportation services, warehousing and other ancillary services. It operates on a scalable, asset-light business model, which enables it to provide differentiated 3PL and 4PL solutions.
Written by Shivani Singh
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