Western Carriers (India) Ltd. Results

H1FY25 & Q2FY25 Result Announced for Western Carriers (India) Ltd.

Transportation & Logistics company Western Carriers (India) announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from operations remained flat in the Q2FY25 being Rs 4314.33 million vis a vis Rs 4258.51 million in same period last year. This is due to low growth in export market during the quarter in logistics industry. EBITDA (Excl other income) in Q2FY25 was Rs 361.41 million, an increase of 7.68% as compared to Rs 335.62 million in Q2FY24. This increment was led by optimization of operations even with the low growth in revenue during the quarter. EBITDA margins improved 50 bps to 8.38% in Q2FY25 as compared to 7.88% in Q2FY24. PAT grew by 3.61% in Q2FY25 to Rs 189.56 million as compared to Rs 182.96 million Q2FY24. PAT margin remained flat with 4.39% in Q2FY25 and 4.30% in Q2FY24. H1FY25 Financial Highlights: Revenue from operations grew by 3.23% to Rs 8,541.42 million in H1FY25 as compared to Rs 8,274.22 million H1FY24. EBITDA (excl other income) grew by 10.36% to Rs 716 million in H1FY25 as compared to Rs 649 million in H1FY24. EBITDA margins improved 54 bps in H1FY25 to 8.38% from 7.84% in H1FY24 led by cost optimizing initiatives and the new customers added in the first half of the year. In H1FY25, PAT grew 5.86% to Rs 378.56 million compared to Rs 357.59 million H1FY24. PAT Margin improved by 11 bps to 4.43% from 4.32% in H1FY25 as compared to the same period last year. Kanishka Sethia, Promoter, Whole time Director and CEO, WCIL, said: “I am truly delighted to present our consolidated unaudited quarterly and half yearly financial results of Western Carriers (India) Ltd for the quarter ended September 2024. The EBITDA grew by 10.36% during the first half year FY25 while revenue remained flat on of no export growth in the overall exports of the country affecting the logistics sector as well. The margin improvement was on account of cost optimization measures and improvement in operating efficiencies. We continue to build on our integrated multi-modal business with a clear objective of evolving into a preferred logistics solutions provider for our customers. We have demonstrated good growth in our business, despite industry challenges, owing to our long-standing relationships with customers that results in repeat business. Our clients have recognized us as their logistics partner of choice, which bolsters our confidence in pursuing large deals. Incrementally, we are now establishing new partnerships and securing orders from major steel manufacturers. I would also like to take this opportunity to acknowledge the dedication of the entire team of Western Carriers and thank them for their strategic insights, which are crucial for navigating industry changes and seizing new opportunities. We also thank all our stakeholders for their confidence and continued support. As we look to the future, we remain committed to excellence and confident in our path forward.”