Shreeji Translogistics registers 52% yoy revenue growth in Q4FY22; Stock dips 1%

11 May 2022 , 09:53 AM

Shreeji Translogistics Limited, which has grown to become one of the largest integrated national logistical solution providers in India, has announced its financial results for the quarter and year ended March 31, 2022.

Key Highlights:

• Revenue of Rs16657.78 lakh, yoy growth of 52%
• EBITDA of Rs2019.47 lakh, yoy growth of 164%
• PAT of Rs918.9 lakh FY22 as compared to loss of Rs102.66 lakh FY21

RAJNIKANT C. SHAH, WHOLETIME DIRECTOR of the Company, said, “Our performance for the year has been progressive given the overall challenging scenario. The development in our techniques and management principles reduced operational cost and improved profitability resulting in delivery of significant growth and considerable set of numbers in FY22. Our EBITDA for FY22 stood at Rs2019.47 lakhs vs. Rs765.18 lakhs for FY21 representing increase of approximately 164% and our Revenue for FY22 stood at Rs16657.78 lakhs vs. Rs10948.50 lakhs for FY21 representing increase of approximately 52%.

Our relentless focus on customer satisfaction and service has led to higher engagement and increased footfalls, driving robust revenue and earnings figures across our consumer businesses. We have achieved this performance due to high commitment to building long-lasting relationships with our customers, improving our technologies and meeting daily changing requirements of customers. Diversity, Inclusion and Sustainability play an essential part in our success. Despite the ongoing challenges of the pandemic, I am pleased with the set of numbers we have achieved.

We are excited about the future growth opportunities as we continue to enter into new segments as well as move up the value chain. We expect our performance to grow in coming quarters and financial years. I would like to say, the trick to seeing in future, is knowing where to look for it.”

On Wednesday morning trade, Shreeji Translogistics was trading at Rs218.05 per piece lower by 0.91% on the BSE.