Arshiya International’s Net Profit Rises by 47%, Total Q1FY13 Revenue Increases by 54%
Mumbai – August 14, 2012: Arshiya, a Unified Supply Chain & Infrastructure Group, announced consolidated total revenue of Rs. 341.84 crore for the quarter-ended June 30, 2012 as against Rs. 222.60 crore in the corresponding period last year; registering an increase of 54%.
Consolidated EBIDTA for Q1FY13 was Rs. 93.45 crore as against Rs. 54.60 crore in the corresponding quarter registering a 71 % increase. Consolidated Net Profit for the quarter also increased 47% to Rs. 34.62 crore up from Rs. 23.63 crore.
Commenting on the results Mr. Ajay S Mittal – Group Chairman & Managing Director of Arshiya International Ltd said “We are extremely excited about Arshiya's FTWZ business gaining further traction and delivering strong results every quarter since the past seven quarters. The current quarter also landmarks our achievement of getting a prestigious international company such as CISCO to begin operations at our FTWZ. Another key landmark in Arshiya’s history is our strategic tie-up with GATX (a 100 year old US based Rail leasing company) for leasing of wagons in India. Our unified model is paying rich dividends as our core logistics services of freight forwarding, supply chain and transportation combined with our assets of FTWZs, Rail and Industrial & Distribution hub continue to perform in a robust manner.”
About Arshiya International Ltd:
Arshiya International Ltd is a Unified Supply Chain & Infrastructure Group headquartered in India. The group currently envisages phased investment of approximately USD 1.6 billion towards creating pioneering, state-of-the-art unified supply chain infrastructure across strategic locations in India. Comprising of Free Trade & Warehousing Zones (FTWZs), Industrial & Distribution Hubs, Rail, Rail Infrastructure, Forwarding, Transport & Handling and Supply Chain Technology & Management.
Consolidated EBIDTA for Q1FY13 was Rs. 93.45 crore as against Rs. 54.60 crore in the corresponding quarter registering a 71 % increase. Consolidated Net Profit for the quarter also increased 47% to Rs. 34.62 crore up from Rs. 23.63 crore.
Commenting on the results Mr. Ajay S Mittal – Group Chairman & Managing Director of Arshiya International Ltd said “We are extremely excited about Arshiya's FTWZ business gaining further traction and delivering strong results every quarter since the past seven quarters. The current quarter also landmarks our achievement of getting a prestigious international company such as CISCO to begin operations at our FTWZ. Another key landmark in Arshiya’s history is our strategic tie-up with GATX (a 100 year old US based Rail leasing company) for leasing of wagons in India. Our unified model is paying rich dividends as our core logistics services of freight forwarding, supply chain and transportation combined with our assets of FTWZs, Rail and Industrial & Distribution hub continue to perform in a robust manner.”
About Arshiya International Ltd:
Arshiya International Ltd is a Unified Supply Chain & Infrastructure Group headquartered in India. The group currently envisages phased investment of approximately USD 1.6 billion towards creating pioneering, state-of-the-art unified supply chain infrastructure across strategic locations in India. Comprising of Free Trade & Warehousing Zones (FTWZs), Industrial & Distribution Hubs, Rail, Rail Infrastructure, Forwarding, Transport & Handling and Supply Chain Technology & Management.