Tiger Logistics (India) Ltd Share Price – BSE

Logistics, Small Cap

As per the bulk deal data on the BSE, North Star Opportunities Fund acquired a 1.86% stake in the company by purchasing 19,69,033 shares at Rs 32.90 each. Simultaneously, Radiant Global Fund offloaded its entire 1.39% stake (14,69,033 shares) at the same price.

Tiger Logistics India is a international logistics company. They specialize in freight forwarding, transportation, and customs clearance. They serve a wide range of industries, including automotive, engineering, textiles, and pharmaceuticals. Tiger Logistics operates an asset-light model, focusing on providing efficient and timely logistics solutions through partnerships.

Net profit of Tiger Logistics (India) surged 82.35% to Rs 4.03 crore on 51.88% increase in net sales to Rs 92.71 crore in Q4 March 2024 over Q4 March 2023.

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Tiger Logistics (India) announced the launch of FreightJar 2.0. This major upgrade to its proprietary freight booking and management platform will enable businesses of all sizes to handle their import shipments, including FCL (Full Container Load), LCL (Less than Container Load), and Air Freight, with enhanced ease and efficiency. This is in addition to its existing capabilities for FCL exports.

Launched in April last year, FreightJar has successfully onboarded over 500 exporters across various industries, including automotive, textiles, PTAs, consumer durables, and food and food produce. The latest version, FreightJar 2.0, is now fully integrated with core technology and ready for immediate use by exporters and importers in India. It is also accessible to over 5,000 forwarders and agents globally, primarily in the US, Asia-Pacific, Europe, Latin America, and Middle East markets.

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Net profit of Tiger Logistics (India) rose 82.35% to Rs 4.03 crore in the quarter ended March 2024 as against Rs 2.21 crore during the previous quarter ended March 2023. Sales rose 51.88% to Rs 92.71 crore in the quarter ended March 2024 as against Rs 61.04 crore during the previous quarter ended March 2023.

For the full year,net profit declined 44.16% to Rs 12.96 crore in the year ended March 2024 as against Rs 23.21 crore during the previous year ended March 2023. Sales declined 44.56% to Rs 240.26 crore in the year ended March 2024 as against Rs 433.35 crore during the previous year ended March 2023.

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Tiger Logistics (India) will hold a meeting of the Board of Directors of the Company on 28 May 2024

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