Q1 2025 Tiger Logistics (India) Ltd Earnings Call Transcript
Key Points
- The company reported a significant increase in TEU volumes, growing by 13% quarter-to-quarter and 80% year-on-year.
- Tiger Logistics (India) Ltd (BOM:536264) achieved a 60% growth in air freight volume, aided by their IATA accreditation.
- The company received the 'Great Place to Work' certification, highlighting its commitment to employee welfare and work culture.
- The top line improved significantly, closing at INR102.8 crores, a 9.1% increase quarter-to-quarter and 2.4 times year-on-year.
- EBITDA margin improved by 10.6% quarter-to-quarter, indicating better operational efficiency and cost control.
- The expansion plan into Bangladesh has been put on hold due to the current unfavorable situation in the country.
- The company is not currently present in the LCL segment, which could limit growth opportunities in that area.
- There are concerns about the sustainability of the current freight rates and container shortages, which could impact future profitability.
- The company faces challenges in maintaining stable rates due to global disruptions like the Red Sea crisis and fluctuating shipping rates.
- Despite the positive outlook, the company acknowledges the need for more working capital to support its growing business, which could strain financial resources.
Ladies and gentlemen, good day and welcome to the Tiger Logistics (India) Limited Q1 FY25 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. (Operator Instructions) Please note that this conference is being recorded.
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 company 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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