Arshiya International's net profit jumps 44% to Rs 24 cr

Arshiya International, an Indian supply chain and logistics infrastructure solutions company, announced consolidated total revenue of Rs 222.60 crore for the quarter-ended June 30, 2011 as against Rs 176.95 crore in the corresponding period last year; registering an increase of 25.8%.

Consolidated EBIDTA for Q1FY12 was Rs 54.18 crore as against Rs 28.28 crore in the corresponding quarter registering a 91.6% increase. Consolidated Net Profit for the quarter also increased 43.5% to Rs 23.63 crore up from Rs 16.47 crore.

Commenting on the results Ajay S Mittal – Group Chairman & Managing Director of Arshiya International said “With Arshiya's first FTWZ in Mumbai gaining operational and margin impetus as visible in our quarter results and our second infrastructure project in Delhi including the FTWZ, Domestic Distripark and Rail Terminal slated to be commissioned in the coming quarter, we expect significant growth in our business in this financial year. We will continue our focus on our core logistics services of freight forwarding, supply chain and transportation integrated with our assets of FTWZ, Rail and Domestic Distriparks, where our unique integrated model has started paying dividends.”