Q3FY09 PAT up 25% yoy.
Editor Synopsis
- Net Income for Q3FY09 at Rs. 114.16 crore, up 9%
- EBITDA for Q3FY09 at Rs. 17.38 crore, up 31%
- Net Profit for Q3FY09 at Rs. 13.02 crore, up 25%
- Nine Months Ended (FY09) Net Income at Rs. 405.67 crore, up 49%
- Nine Months Ended (FY09) EBITDA at Rs. 60.97 crore, up 87%
- Nine Months Ended (FY09) Net Profit at Rs. 52.34 crore, up 105%
Arshiya International Ltd. (Arshiya) (BSE: 506074), a global supply chain and logistics infrastructure solutions company, announced Consolidated Net Income of Rs. 114.16 crore for the quarter ended December 31st 2008; a rise of 9% as compared to Net Income of Rs. 104.77 crore in Q3FY08. In the same period, the company’s Earnings before Interest, Depreciation, Tax & Amortization (EBITDA) grew 31% to Rs. 17.38 crore while consolidated Net Profit for Q3FY09 rose by 25% to Rs. 13.02 crore as compared to Rs. 10.41 crore during the same period last year.
For the nine months period, the company reported consolidated Net Income of Rs. 405.67 crore as against Rs. 272.76 crore; an increase of 49% from the corresponding period last year. Earnings before Interest, Depreciation, Tax & Amortization (EBITDA) grew 87% to Rs. 60.97 crore in Q3FY09 as compared to Rs. 32.66 crore in Q3FY08. Consolidated Net Profit stood at Rs. 52.34 crore as against Rs. 25.52 crore; registering a jump of 105%.
Commenting on the performance and forward plans of the company, Mr. Ajay S Mittal, Chairman and Managing Director, Arshiya International said, “There has been a major reduction in freight rates and volumes because of the global slow down that has effected Net Income in the sector but Arshiya’s integrated supply chain offering has helped us maintain profitability for the quarter. While we expect the macro-economic trends to continue to be challenging, we are continuing to focus on creating value for our customers by expanding our product offerings. We are especially proud of the fact that we have used this slowdown to prove the cost efficiency our model can bring to our customers when it matters the most.”
Commenting on future plans, Mr. Mittal added “In addition to the integrated supply chain solutions, we are now adding the Rail Infrastructure offering to our suite of services followed up with the Free Trade Warehousing Zone value proposition – together providing a unique competitive advantage for Arshiya going forward.”
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About Arshiya International Ltd
Arshiya International Ltd is a global supply chain and logistics infrastructure solutions company and is listed on the BSE. The company is an amalgamation of several strategic verticals (Free Trade Warehousing Zones {FTWZ’s}, Rail, 3PL, 4PL, Trucking, Warehousing & IT) enabling unparalleled operational expertise & solution capability across the entire supply chain spectrum & value chain. Arshiya has additionally developed strong ground operational capability (including Trucking & Warehousing) in the Middle-East, intended to be linked by sea from Mumbai, India to Sohar, Oman & Dubai, UAE.
Arshiya's key business entities currently include: Arshiya Logistics {which provides shipping and global logistics (3PL) services to its customers under the flagship BDP}, Arshiya Demand Chain Management {focusing exclusively on India's rapidly expanding retail market for their entire supply/demand chain (4PL) management in partnership with Global Major, Genco}, Arshiya Logistics Infrastructure (focusing on building Free Trade Warehousing Zones in India & the Middle East) Arshiya Rail Infrastructure (with 75 rakes set to become the largest pan-India private container rail operator by 2010) Arshiya Technology (under the flagship ‘Cyberlog’ which provides global I.T systems, software development and business process outsourcing services in the Supply Chain space) and Arshiya's Knowledge Center (which will encompass specialised consulting & training services).