Tiger Logistics Gets Authorized To Work With HPCL: Deepens Status As Trusted Logistic Partner

Tiger Logistics (India) Ltd, the publicly listed organization providing global logistics services, has recently opened up a new chapter in the history of the company by being empanelled by Hindustan Petroleum Corporation Ltd (HPCL). This advancement reaffirmed the ability of Tiger Logistics to remain a valued partner in supplying increasingly attractive as well as integrated logistics services to key customers in the industry.

The empanelment touches on aspects of the company's vision for quality, reliability as well as satisfaction of the clients. With this collaboration, Tiger Logistics is expected to handle the freights and customs clearance operations on behalf of HPCL thereby enhancing its import and export processes, and bettering the overall operations.

At present, the equity shares of the company are traded at Rs 71 per share on BSE performing better than expectations across metrics and owing to its current market cap of Rs 750 crore. For the past 3 years, Tiger Logistics has managed to provide nearly 300 percent multibagger returns, thereby cementing itself firmly as a strong player in the logistics space.

In order to reaffirm its position within the market, Tiger Logistics entered into new agreements with Bharat Heavy Electricals Limited (BHEL), Bharat Earth Movers Limited (BEML) and BNPLIPL. The firm has also been able to procure wheeled warehousing as an agreement with BHEL and has undertaken a couple of major logistics works with AAI and HAL. These achievements justify its ability to implement intricate air and sea cargo operations and construct itself as an approved vendor for bulk projects.

Another example that supports Tiger Logistics' efficiency in catering to the requirements of public sector undertakings and government agencies is the partnership with HPCL. The firm was able to develop a record for doing global dispatches of complex services and never fails to provide the client a custom solution. In the case of HPCL, the enterprise expects to provide proportionate and relevant engagement in Air and Sea freight, clearing and forwarding as well as holistic support. This contract, which is to the tune of Rs 546 lakh, will be for a period of three years with chances of elongation on performance parameters.

The positive trends in Tiger Logistics' growth trajectory are evident in its financial performance too. The company posted revenue of Rs 160.17 crore in Q2 FY25 which was a threefold increase when compared to Rs 53.58 crore of the previous year. Operating Profit amounted to Rs 8.79 crore as compared to Rs 4.03 on a YoY basis, meanwhile, net earnings increased from Rs 3.22 to Rs 7.54 million. These results highlight the company's growing ability to expand and remain profitable.

Tiger Logistics is well-known for the provision of international logistics services, operating in an asset-light mode while providing a complete package for the import and export of cargo and turnkey projects. It has a wide network of nearly 50 agents and partners, which helps the company provide services in different countries.

The additional empanelment with HPCL is yet another milestone in the history of Tiger Logistics as it further exemplifies the company as a leader in the logistics sector and further demonstrates the company's effectiveness in satisfying operational excellence in diverse and difficult business settings.