Strong Q2 Results Help Tiger Logistics (India) Shares Jump Up By 10%

The shares of Tiger Logistics (India) Ltd, today, hit a 10% upper circuit, reaching an intraday peak of Rs 68.47 a share up from the previous close of Rs 62.25. The stock has climbed to as high as Rs 87 with the lowest of Rs 31.99 in the past 52 weeks and had more than twice the average number of trades on the Bombay Stock Exchange (BSE).

For the financial year Q2FY25, the organization Tiger Logistics reported a heavy jump in the net sales figures as it increased by 199% Year on Year to Rs 160.17 crore. This quarter's net profit also saw an increase of 134 per cent to Rs 7.54 crore in comparison to Q2FY24. Overall for the company in the year ending the year 2024, it registered net sales of Rs 240 crores and net profit of Rs 13 crores. Looking at the first six months of FY25, there was a two hundred and seventy-three per cent increase in net sales amounting to Rs 261.33 crore with net profit increasing by 124% to Rs 12.17 crore Year over Year. Despite a bear market, the stock has given returns to investors and has a market cap of over Rs 700 crores.

Since its 52-week low of Rs 31.99, the stock has increased by 114% with a three-year and ten-year return of 400% and 1,750%, respectively.

In a recent transaction, the North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund purchased 19,69,033 shares at a price of Rs 32.9 in a bulk deal and Radiant Global Fund-Class B Participating Shares sold 14,69,033 shares at this price as well.

Tiger Logistics has recently launched FreightJar 2.0. This new platform is intended to be used by companies that have to handle import shipments and provides new capabilities that streamline the logistics from booking to delivery of the shipment.

FreightJar 2.0 facilitates easy operations for Full Container Load (FCL), Less than Container Load (LCL), and Air Freight. More features are paired with a simple interface to enhance smooth shipment processes.

FreightJar 2.0 has been launched in support of Tiger Logistics' mission of helping its various clients in the effective management of logistics. The increased functionalities of FreightJar are likely to support businesses irrespective of size in improving their efficiency so far as the importing activities are concerned, further positioning Tiger Logistics as a technology-oriented enterprise in the global logistics market.

In India, Tiger Logistics (India) Ltd has performed and continues to perform well and innovative in marketing making them grow and become one of the major players in the logistics industry, thus more and more institutional investors are interested in them.