Arshiya International's net profit rises by 74% to Rs 32 crore
Consolidated net profit for the quarter also increased 74% to Rs 31.85 crore up from Rs 18.29 crore.
By Agencies | Updated:
MUMBAI: Arshiya International Ltd, a supply chain and logistics infrastructure solutions company, announced consolidated total revenue of Rs 247.96 crore for the quarter-ended September 30, 2011 as against Rs 195.05 crore in the corresponding period last year; registering an increase of 27%.
Consolidated EBIDTA for Q2FY12 was Rs 67.60 crore as against Rs 33.39 crore in the corresponding quarter registering a 102% increase mainly due to higher EBITDA from our FTWZ business that started operation since December 2010. Consolidated net profit for the quarter also increased 74% to Rs 31.85 crore up from Rs 18.29 crore.
Commenting on the results Mr. Ajay S Mittal – Group Chairman & Managing Director of Arshiya International Ltd said "We are extremely happy as Arshiya's first FTWZ in Mumbai has gained further operational momentum and the value optimizing services (VOS) revenues have started providing margin impetus as is visible in our quarterly results. We remain focused on our key and core logistics business of freight forwarding that is uniquely integrated with our assets of FTWZ, Rail and Domestic Distriparks, where our FTWZ and Rail businesses have begun to garner a higher incremental share of the overall revenues."
Consolidated EBIDTA for Q2FY12 was Rs 67.60 crore as against Rs 33.39 crore in the corresponding quarter registering a 102% increase mainly due to higher EBITDA from our FTWZ business that started operation since December 2010. Consolidated net profit for the quarter also increased 74% to Rs 31.85 crore up from Rs 18.29 crore.
Commenting on the results Mr. Ajay S Mittal – Group Chairman & Managing Director of Arshiya International Ltd said "We are extremely happy as Arshiya's first FTWZ in Mumbai has gained further operational momentum and the value optimizing services (VOS) revenues have started providing margin impetus as is visible in our quarterly results. We remain focused on our key and core logistics business of freight forwarding that is uniquely integrated with our assets of FTWZ, Rail and Domestic Distriparks, where our FTWZ and Rail businesses have begun to garner a higher incremental share of the overall revenues."
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