Logistic Stock Rally 6% On Confidently Spreading New Plans With PSUs

Bullish markets and strategy implementation enabled the stock of Tiger Logistics (India) Ltd to increase to Rs 72.70 from the last meeting's rate of Rs 71.75. The stock has indeed been performing at its best and continues to appreciate with the stock gaining 124 per cent from the lowest within the past 12 months which has been at 31.99 and yielded returns of 1540 percent over five years.

The board meeting is scheduled for December 9, 2024. Thoughts regarding financing through the issuance of equity shares, convertible instruments or other securities, by way of private placements or otherwise will be entertained if the relevant approvals are obtained first.

Strong growth in the logistics industry and building strong relationships with a number of Public Sector Undertakings (PSC) have established Tiger Logistics' presence in the market. Some of the major clients BHEL, BEML and BNPLIPL have placed confidence in the company to undertake international freight activities. Earlier, Tiger Logistics made a strategic move by entering into a warehousing services contract with BHEL and also carried out logistics projects for authorities such as the Airports Authority of India (AAI) and Hindustan Aeronautics Limited (HAL) with success. Achievements of this kind prove the capability of the company to provide high-quality dependable solutions in logistics activity.

As to financials, the company has issued scintillating figures in its forecast. For the period ending February 2024, Tiger Logistics announced total net sales to have jumped 199% to INR 160.17 crore and for the same period total net profit went up by 134 per cent to INR 7.54 crore as opposed to the year before. Similarly, the half-yearly results were no exceptions with total net sales increasing by 173 per cent to reach INR 261.33 crore and total net profits reaching INR 12.17 crore which is an increase of 124%. For the financial period ending 2024, Tiger Logistics has managed to always show improvement in net sales touching 240 crores and net profits of 13 crores across all periods reported.

Expanding on its innovativeness, Tiger Logistics came up with its next version of Freight Jar- now known as Freight Jar 2.0 which is the updated version of its very own freight booking and management system. Aimed at easing the logistics of companies, FreightJar 2.0 assists with Full Container Load (FCL), Less than Container Load (LCL) and Air Freight services. The improved platform further reduces the complexity of the entire process from booking an import shipment to its delivery by providing a seamless user experience along with the necessary functional enhancements which thereby improves the useful operational features.

Thanks to a strong record of robust financial performance, marketplaces, and forward-thinking products, Tiger Logistics is prepared to face the future. The investors' interest in this company is not groundless because while it is nearing a moment to describe its growth plans alongside financing strategies, the company ensures promising long-term investments in the logistics business.