Arshiya International Q1FY11 Revenue at Rs 177 cr, up by 76%
Net Profit at Rs. 16.5 crore, jumps 40%
Q1FY11:
- Total Revenue at Rs.177 crores; an increase of 76% over Q1FY10
- EBITDA at Rs.28 crores, an increase of 62% over Q1FY10
- PAT (including other income) at Rs.16.5 crores, an increase of 40% over Q1FY10
Arshiya International Ltd. (BSE: 506074 and NSE: Arshiya), an Indian supply chain and logistics infrastructure solutions company, announced a strong set of Q1FY11 numbers with consolidated total revenue of Rs.177 crores against Rs.101 crores in the corresponding quarter (Q1FY10); registering an increase of 76%.
Consolidated EBIDTA for the current quarter was Rs.28 crores as against Rs.17 crores in the corresponding quarter registering a 62% increase. Consolidated Net Profit for the quarter also increased 40% to Rs.16.5 crores up from Rs.11.82 crores in the corresponding quarter.
Arshiya Rail Infrastructure – Arshiya’s Rail subsidiary has also played an important part in registering of strong numbers this quarter which operated with 12 trains and generated revenues of approximately Rs.32 crores.
While approving the Audited Financial Results for FY10 the Board of Directors recommended dividend of 50%.
Commenting on the results Mr. Ajay S Mittal – Group Chairman & Managing Director of Arshiya International Ltd said “With our integrated logistics offerings and the gaining momentum of Arshiya’s Rail business, we are extremely happy with our performance for the first quarter of this financial year. Having said that, we are even more excited with our first FTWZ to be launched shortly and remain highly optimistic about the year ahead.”
About Arshiya International Ltd:
Arshiya International Ltd. (AIL), is a flagship company of the Arshiya Group. Listed on the Bombay Stock Exchange (Stock Code: 506074) and National Stock Exchange (Stock Code: Arshiya) and is an India headquartered, integrated supply chain and logistics infrastructure solutions provider. The company has multinational operations in the logistics and supply chain management space and is currently involved in the phased investment of approximately USD 1.5 billion towards creating pioneering logistics infrastructure in India.
The company has following key business entities and subsidiaries:
- Arshiya FTWZ - Involved in implementation and operation of Free Trade Warehousing and Zones (FTWZs)
- Arshiya Rail Infrastructure - Designed to provide pan-India rail freight operations and providing rail terminal facilities
- Arshiya Domestic Distripark - Providing strategic hub warehousing for domestic rail consolidation
- Arshiya Logistics - Provides logistics solutions including end-to-end freight management & transportation services in over 150+ countries world-wide
- Arshiya Supply Chain Management – Provides end-to-end supply & demand chain solutions
- Arshiya Technology – Provides software solutions for supply chain management and business process outsourcing