Shreeji Translogistics Ltd Share Price – BSE

Logistics, Small Cap

Net profit of Shreeji Translogistics rose 91.82% to Rs 5.16 crore in the quarter ended December 2023 as against Rs 2.69 crore during the previous quarter ended December 2022. Sales rose 26.47% to Rs 65.94 crore in the quarter ended December 2023 as against Rs 52.14 crore during the previous quarter ended December 2022.

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The addition of this client to its portfolio will help the company to broaden its presence and enhance its capabilities within the logistics industry.

Commenting on the announcement, the Management team of Shreeji Translogistics,stated: “We are pleased to welcome Turkish Airlines Inc, one of the fastest growing air cargo brand worldwide, as our valuable client.

The relationship between STL and Turkish Cargo is set to bring mutual benefits to both parties, and we anticipate a long and successful alliance. This significant client win is expected to generate better yields, reinforcing our position as a trusted player in the air cargo industry which will further strengthen our market presence.”

Shreeji Translogistics (STL) is engaged in freight management, logistic solutions, and warehousing services. It caters a range of logistical requirements from over dimensional cargo (ODC) movement to bonded trucking movements. The various types of services provided by the company include full truck load transport services (FTL), parcel and part truck load services/ less than truck load (LTL), import-export services and ODC services. It owns and operates a fleet of around 300 owned trucks and more than 4,500 outsourced trucks.

The company has reported 67.24% rise in net profit to Rs 4.85 crore on a 33% increase in sales to Rs 65.45 crore in Q2 FY24 as compared with Q2 FY23.

The scrip shed 0.48% to currently trade at Rs 56 on the BSE.

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Shreeji Translogistics will hold a meeting of the Board of Directors of the Company on 18 January 2024.

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The board of Shreeji Translogistics will also consider seeking approval of the shareholders through postal ballot.

Shares of Shreeji Translogistics rallied 7.70% to settle at Rs 71.63 on 20 November 2023 after announcing the addition of three locations to its Railway Rake Handling and Transportation service business. It has successfully executed Railway Rake Handling & Shifting (H&S) and Transportation services into different locations namely Vishakhapatnam (Andhra Pradesh), Bhilai (Chhattisgarh), Haridwar (Uttarakhand).

The Shreeji Translogistics stock has risen 13.22% in two sessions. It has rallied 16.9% 1 month, 14.37% in three months. However, it is down 5.12% in one year.

Shreeji Translogistics is one of the large integrated national logistical solution providers in India. The company is engaged in freight management, logistic solutions, and warehousing services. It caters a range of logistical requirements from over dimensional cargo (ODC) movement to bonded trucking movements.

The company has reported 67.24% rise in net profit to Rs 4.85 crore on a 33% increase in sales to Rs 65.45 crore in Q2 FY24 as compared with Q2 FY23.

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