Tiger Logistics shares updates on company check details

Multinational logistics institution Tiger Logistics (India) has said that recognition standing bureau Infomerics Valuation and Rating Private Limited (IVR) has reviewed and reaffirmed its ratings.

"The improved outlook to “Stable” from “Negative” highlights Tiger Logistics’ important advancement successful fiscal show during Q1 FY25, driven by a notable year-over-year summation successful the measurement of containers handled, which has contributed to higher wide gross and profitability," the institution said successful an speech filing.

“We are delighted to stock that the institution has achieved a important milestone with the reaffirmation of our recognition ratings, on with an improved Stable outlook. This underscores the fiscal resilience, robust operational capabilities and quality to conscionable aboriginal challenges with confidence," Harpreet Singh Malhotra, CMD, said.

Earlier, the institution said that its standalone nett net was astatine Rs 4.63 crore successful June 2024. This was up 119.85% from Rs 2.10 crore successful the aforesaid 4th a twelvemonth ago.

Also, its income roseate 140.74 per cent to Rs 101.16 crore successful the 4th ended June 2024. It was Rs 42.02 crore during the erstwhile 4th ended June 2023. 

EBITDA stands astatine Rs. 6.77 crore successful June 2024 up 127.95 per cent from Rs. 2.97 crore successful June 2023.