Tiger Logistics achieves Credit Rating Milestone with Enhanced Stable Outlook

Tiger Logistics (India) Limited, a BSE-listed international logistics company, is proud to announce that Infomerics Valuation and Rating Private Limited (IVR) has maintained the company's credit ratings. This recognition underscores the company's strong financial health, strategic market position, and promising trajectory for growth. The improved outlook to "Stable" from "Negative" highlights Tiger Logistics' substantial progress in financial performance during Q1 FY25, driven by a notable year-over-year increase in the volume of containers handled, which has contributed to higher overall revenue and profitability.

As Tiger Logistics (India) Limited continues to expand its footprint in the competitive logistics sector, it remains focused on tackling key industry challenges while pursuing strategic opportunities. With a solid financial foundation, experienced leadership, and a forward-thinking growth strategy, the company is well-positioned to take advantage of the rising demand for logistics services, ensuring long-term success and value creation for its stakeholders. The company is committed to maintaining its growth momentum while delivering reliable, high-quality solutions in the global logistics space.

Key Credit Rating Details:

- Long-term Bank Facilities (Cash Credit) of ₹28.00 Crores have been reaffirmed with a rating of IVR BBB+/ Stable (IVR Triple B Plus with Stable Outlook). The outlook has been upgraded from Negative to Stable.

- Short-term Bank Facilities of ₹1.60 Crores continue to hold the rating of IVR A2 (IVR A Two).

- Long/Short Term Bank Facilities (Proposed) of ₹2.40 Crores have been reaffirmed at IVR BBB+/ Stable and IVR A2.

Mr. Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, proudly acknowledged this remarkable achievement, and said, "We are delighted to share that the company has achieved a significant milestone with the reaffirmation of our credit ratings, along with an improved Stable outlook. This underscores the company's financial resilience, robust operational capabilities, and ability to meet future challenges with confidence. As the logistics industry continues to evolve, we remain committed to delivering high-quality services, strengthening its market leadership, and achieving sustainable growth.

We are focused on expanding our market footprint and enhancing our services, supported by our asset-light model and strong liquidity. The trust of our shareholders and partners motivates us to continuously innovate and excel. Together, we remain committed to maintaining our growth momentum and delivering sustainable value to all stakeholders. Thank you for your unwavering support as we shape a bright future together."

Source : Equity Bulls

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