* Q1FY25 Gross Income jumps to Rs 96.89 crore as against Rs 71.89 crore in Q1FY24
* Registers a PAT of Rs 1.53 crore
Patel Integrated Logistics Limited (BSE: 526381 & NSE: PATINGLOG), one of the leading logistics and supply chain service providers in India, announced its unaudited financial results for the quarter ended on June 30, 2024.
Key financial highlights for Q1FY25:
Gross Income from Operations grew by 34.78% YoY to Rs 96.89 crores as compared to Rs 71. 89 crores in Q1FY24 primarily driven by healthy revenue growth and increase in volume
Profit after tax (PAT) increased by 47.71% YoY to Rs 1.53 core from Rs 1.03 crore
Key operational highlights for Q1FY25:
Total sales volume increased by 12.11% YoY to 14,535 tones
Commenting on the Q1FY25 performance, Mr. Mahesh Fogla, Executive Director, Patel Integrated Logistics Limited, said, “We anticipate double-digit growth by the end of this year despite recent global geopolitical conditions. Our PAT has been surging year on year, reflecting our strong performance and strategic resilience. We are also exploring opportunities to monetise our non-core real estate to further benefit our stakeholders. Additionally, recent announced by the Union Government regarding initiatives to develop airports across various cities along with airlines’ focus on cargo are creating significant advantages. This strategic environment is expected to bolster our continued growth and profitability.”
About Patel Integrated Logistics Limited:
Incorporated in 1962, Patel Integrated Logistics Ltd. is a pioneer in multimodal logistics solutions in India. PATEL is a trusted name in the world of logistics. The company is a leading IATA-approved cargo agency offering transportation of high-density cargo by air and surface within India. It covers all airports across the country and offers specialized services in both domestic and international logistics.
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