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Patel Integrated Logistics Ltd — Earnings Release 2022
Nov 10, 2022
63648_rns_2022-11-10_f5deb9b1-f2af-49e5-af4e-cd0b5ac40d9a.pdf
Earnings Release
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PILL: SEC: NBA: 22-23/46 10[th] November, 2022
To BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai – 400 001. SCRIP CODE: 526381
To National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051. PATINTLOG
Sub: Financial Performance for Quarter ended September 30, 2022.
Pursuant to the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached a copy of the Press Release/Media Release on the financials for the quarter and half year ended September 30, 2022.
This is for your information and records.
Thanking you,
Yours faithfully,
For PATEL INTEGRATED LOGISTICS LIMITED
SWETA Digitally signed by SWETA PANKAJ PAREKH DN: c=IN, postalCode=400086, st=MAHARASHTRA, street=9 1 VAIBHAV APARTMENT SAGANI ESTATE IBS ROAD GHATKOPAR WEST, l=MUMBAI, o=Personal, serialNumber=3f898c06cf7cd190deaac74d1b1edd55 c81f20f250adad900f5e4f3a896cdc28, PANKAJ pseudonym=7a1589b5a8034f94afcfe9ba41ed8b17, 2.5.4.20=eb815d68e1bffca8577025f5b62132d9c9a3e d65751145ff2f16e468cbd60d35, PAREKH email=[email protected], cn=SWETA PANKAJ PAREKH Date: 2022.11.10 16:29:48 +05'30'
(SWETA PAREKH) COMPANY SECRETARY
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Patel Integrated Logistics Limited records 40.65% YoY growth in Total Income and 401.94% YoY growth in PAT
November 10[th] , 2022: Patel Integrated Logistics Ltd , one of the leading logistics service providers in India, announced its financial results for the quarter and half year ended September 30, 2022, at the Board Meeting held on 10[th] November 2022.
H1-FY23 Financial Highlights:
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Total Income increased by 40.65% to Rs. 152.77 crore.
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EBITDA increased by 173.40% to Rs. 5.50 crore.
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Profit after Tax increased by 401.94% to Rs. 2.36 crore.
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Earnings Per Share (EPS) increased by 316.67% to Rs. 0.65.
- Q2/H1 FY23 Operational highlights:
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Total volume increased by 35% YoY to 28,444 tones.
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Company successfully closed the first and final call money issue on 4[th] November, 2022.
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The proceeds of the above issue will be used to make the repayment of debt of the Company.
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Aviation sector is now quickly reaching the growth cycle of the pre-pandemic level paving an opportunity for growth in the overall business.
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Government is putting a lot of thrust in the aviation sector which in turn is boosting the air freight logistics industry as well.
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Number of airports will be increasing from 140 to 220 enabling to have its presence in more airports. Consequently, cargo space available will increase.
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New airline, Akasa Air starting its operation as well as Jet Airways is resuming its operations will augment business growth.
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Air India being privatized, creates a lot of synergy between Vistara, Air Asia and Air India giving an overall boost to the cargo sector.
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Additional passenger aircraft are increasing day by day giving additional belly capacity for air cargo.
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 offers reliable services and strict adherence to delivery schedules that facilitate the movement of cargo worth INR 120 BN annually. Over a period, the Company served more than 75,000 satisfied customers, which include multinationals, public and private sector organizations, and small-scale industries as well as the trading community. The
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company is a leading IATA-approved cargo agency offering transportation of high-density cargo by air and surface within India. It has more than 100 branches across the country and offers specialized services in both domestic and international logistics.
Investor Relations Contact Details: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: [email protected]
Address: Patel House, 48 Gazdar Bandh, North Avenue Road, Santacruz (West) Mumbai – 400 054. CIN: L71110MH1962PLC012396
Email: [email protected] | Tel: +91-22 2605 2915 | www.patel-india.com
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