New Delhi, Feb 4 (PTI) – Tiger Logistics (India) Ltd on Tuesday reported a significant surge in its consolidated profit after tax (PAT), which more than doubled to ₹8.42 crore for the December quarter, driven by increased delivery volumes. The company had posted a PAT of ₹3.68 crore in the corresponding quarter of the previous fiscal, according to its exchange filing.
The company’s total revenue witnessed an over threefold increase, reaching ₹160.46 crore in the October-December period of FY25, compared to ₹51.95 crore in the same quarter of FY24.
Operational performance also saw a notable uptick, with delivery volumes expanding by 27.8% to 16,711 TEUs (twenty-foot equivalent units) in Q3 FY25, up from 13,071 TEUs in Q3 FY24. Additionally, air transport volumes more than doubled, rising to 95,290 kilograms from 43,396 kilograms in the year-ago quarter.
Commenting on the results, Chairman and Managing Director Harpreet Singh Malhotra highlighted the company’s strategic initiatives during the period, including partnerships with major government organizations such as Hindustan Petroleum Corporation Ltd (HPCL), Bharat Heavy Electricals Ltd (BHEL), and Bharat Earth Movers Ltd (BEML).
"With an in-principle approval to raise ₹400 crore and a clear roadmap for accelerated growth, Tiger Logistics is well-positioned for continued success and innovation," Malhotra said.
Tiger Logistics (India) Ltd is a key player in the logistics sector, specializing in handling the import and export of cargo and project logistics.