Q3 2024 Tiger Logistics (India) Ltd Earnings Call Transcript
Key Points
- Volume growth has been consistent, with a 10-15% increase each quarter.
- The company has launched a new digital platform, FreightJar, which is expected to streamline logistics operations and drive growth.
- Tiger Logistics (India) Ltd has entered into a significant MOU with PowerPac Holdings in Bangladesh, which is expected to enhance business opportunities in the region.
- The company has been awarded the prestigious IATA certification, allowing it to negotiate directly with airlines and expand its air freight business.
- A strategic tie-up with ICICI Bank positions Tiger Logistics (India) Ltd as a credible logistics partner, potentially increasing business opportunities.
- Freight rates have been sluggish, impacting revenue and margins.
- Geopolitical tensions, such as the Red Sea issues, have caused disruptions and increased costs.
- The company has seen a decline in revenue due to the correction in freight rates post-COVID.
- There is a lack of detailed financial data separation between air and sea verticals, making it difficult to assess individual performance.
- The company is currently focusing primarily on the North and Western regions of India, limiting its market presence in the South.
Ladies and gentlemen, good day and welcome to the Tiger Logistics (India) Limited Q3 FY24 Earnings Conference Call hosted by Rik Capital. We have with us today from the management Mr. Harpreet Singh Malhotra, Chief Managing Director of Tiger Logistics (India) Limited. As a reminder, all participant lines will be in listen only mode (Operator Instructions)
Before we proceed with this call, I would like to take this opportunity to remind everyone about the disclaimer related to this conference call. Today's discussion may be forward-looking in nature based on management's current beliefs and expectations. It must be viewed in conjunction with the risk that our business faces that could cause our future results, performance, or achievements to differ significantly from what may be expressed or implied by such forward-looking statements. I now hand the conference over to Mr. Harpreet Singh Malhotra sir for opening remarks. Thank you and over to you, sir.
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