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Shreeji Translogistics Ltd announces H1FY22 results



Posted On : 2021-12-01 16:31:17( TIMEZONE : IST )

Shreeji Translogistics Limited announced its financial results for the half year ended 30th September, 2021.

H1 FY22 performance compared with H1 FY21

- Revenue Rs. 763.15 Lakhs as compared to Rs. 433.77 Lakhs in H1 last year
- EBITDA Rs.78.33 lakhs as compared to Rs. 9.70 in H1 last year
- PAT Rs. 46.70 as compared to Loss of Rs. 30.75 lakhs in H1 last year

"We are pleased to share that we have delivered growth of 76 % as compared to H1 FY21 in revenues during the first half year ended September, 2021. As economic activities have regained momentum, we witnessed healthy recovery across country by our transportation services surpassing pre-covid levels. The broad-based momentum and growth outlook across all verticals, service lines and geographies attest to our operational rigor and sharp focus on being a trusted business transformation partner to our clients. Thanks to the disciplined execution of our strategy, and the dedication of Shreeji Minds, we are well-positioned to capitalize on the strong demand environment and deliver profitable, industry-leading growth in FY22."

"We continue to witness a strong growth in revenue, driven by growth from transportation sector. The Company's operational infrastructure for the goods transportation business has a growing network of offices, franchise offices, depots, agency offices, spread across various regions of the country, which serves as strategic transhipment hubs for operations. The Company owns and operates with a strong fleet of more than 287 owned trucks and many outsourced trucks. The Company operates different types of trucks on the basis of design and size along with varying capacities. The mobility business continues to see a recovery with focus on new segments & customers. We will continue to build new capabilities which will allow for better customer acquisition and retention. We are optimistic of continuing growth with the upcoming festive season and aim to sustain our focus on delivering technology-enabled, integrated solutions."

Source : Equity Bulls

Keywords

ShreejiTranslogistics H1FY22 ResultUpdate