Defence Logistics Stock Under Rs 75 Secures HPCL Contract; Q2FY25 Profits Surge by 134 Per cent!
The company’s shares have delivered an impressive return of over 300 per cent in the past 3 years.
Tiger Logistics (India) Ltd, a prominent BSE-listed provider of global logistics services, has been empanelled by Hindustan Petroleum Corporation Ltd (HPCL). This significant achievement underscores Tiger Logistics’ standing as a dependable partner for delivering comprehensive and innovative logistics solutions.
The empanelment reflects the company’s unwavering dedication to quality, reliability, and customer satisfaction, as it takes on the responsibility of supporting HPCL’s critical freight and customs handling operations. These services will streamline import and export processes, ensuring operational efficiency.
Earlier this year, Tiger Logistics solidified its position in the logistics domain by renewing partnerships with Bharat Heavy Electricals Limited (BHEL), Bharat Earth Movers Limited (BEML), and BNPLIPL. Its recent milestones include securing a warehousing contract with BHEL and executing large-scale logistics projects for the Airports Authority of India (AAI) and Hindustan Aeronautics Limited (HAL). These accomplishments highlight the company’s expertise in managing complex air and sea cargo operations.
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Tiger Logistics considers its collaboration with public sector undertakings (PSUs) and government entities a cornerstone of its growth strategy. By leveraging its capability to handle intricate global shipments, the company continues to meet the critical logistics requirements of its clients.
Key Details of the Empanelment
Scope of Services: Comprehensive air and sea freight solutions, encompassing end-to-end clearing and forwarding services tailored to HPCL's operational needs.
Financial Limit: Rs 546 Lakhs, affirming confidence in Tiger Logistics’ ability to manage large-scale assignments.
Duration: A three-year tenure with provisions for renewal based on performance excellence.
Share Performance
Currently, Tiger Logistics shares are around Rs 71 per share on the BSE. The current market capitalization stands at Rs 750 crore. The company’s shares have delivered an impressive multibagger return of around 300 per cent in the past 3 years.
Financial Performance
As per the Quarterly Results, in Q2 FY25 Tiger Logistics reported a revenue of Rs 160.17 crore compared to Rs 53.58 crore representing a gain of around 200 per cent YoY. The company posted an operating profit of Rs 8.79 crore with a margin of around 5.49 per cent compared to Rs 4.03 crore with a margin of around 7.52 per cent. The company reported a net profit of Rs 7.54 crore for the period compared to Rs 3.22 crore.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.