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Patel Integrated Logistics Ltd — Earnings Release 2023
Feb 9, 2023
63648_rns_2023-02-09_c3a3e735-4c59-4658-a9b4-e81f734acde3.pdf
Earnings Release
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PILL: SEC: NBA: 22-23/63 09[th] February, 2023
To To BSE Ltd. National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Fort Exchange Plaza, Mumbai – 400 001. Bandra-Kurla Complex, SCRIP CODE: 526381 Bandra (East), Mumbai – 400 051. PATINTLOG
Sub: Financial Performance for Quarter ended December 31, 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 Nine months ended December 31, 2022
This is for your information and records.
Thanking you,
Yours faithfully,
For PATEL INTEGRATED LOGISTICS LIMITED
Digitally signed by AVINASH PAULRAJ DN: c=IN, postalCode=400078, st=MAHARASHTRA, street=ABHUDAYA BANK, E-13, CHETNA APT, S.P.S. MARG, MUMBAI, l=MUMBAI, o=Personal, serialNumber=042dc2ea2f8b17282d83ce4b26e140c4063598f6186dab4840648926db9b8c21, pseudonym=120e944d15554a979ccb6d3b471b29b7, 2.5.4.20=62adaf96970662209c30fa66608b6208f0cc27fd55df387ae3c77866e0361bbd, [email protected], cn=AVINASH PAULRAJ Date: 2023.02.09 13:32:30 +05'30'
AVINASH
PAULRAJ
(AVINASH PAUL RAJ) COMPANY SECRETARY
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Patel Integrated Logistics Limited records 26.50% YoY growth in Total Income and over 25 times YoY growth in PAT for 9 months
February 9[th] 2023: Patel Integrated Logistics Ltd , one of the leading logistics service providers in India, announced its financial results for the quarter and nine months ended December 31, 2022, at the Board Meeting held on 9[th] February 2023.
9 Month`s FY23 Financial Highlights:
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Total Income increased by 26.50% to Rs. 214.15 crores.
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EBITDA increased by 97.07% to Rs. 8.77 crores.
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Profit after Tax increased by over 25 times to Rs. 3.53 crores.
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Earnings Per Share (EPS) increased by 20 times to Rs.0.98.
9 Month’s FY23 Other operational highlights:
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Total volume increased by 26.23% YoY to 41,628 tones.
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The first and final call money of Rs. 7.50 per share amounting to Rs 28,09,72,755/-, net off right issue expenses, was utilised for the repayment of debt.
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Going forward due to substantial debt repayment, the company’s profitability will be favorably impacted due to savings on interest cost.
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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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Aviation sector is now quickly reaching the growth cycle of the pre-pandemic levels paving an opportunity for growth in the overall business.
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As per Aviation Ministry, airlines are going to add 100 to 110 aircrafts per year. Total number of aircrafts by 2027 is likely to be around 1200 from the current level of 700.
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New airline FLY91 is expected to be operational by September’23 .
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Aviation industry is growing at 22% as per Honorable Minister Nitin Gadkari.
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In the recent Union Budget, Mission UDAN gets a lift, 50 small airports to be revived.
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Logistics is among the top 5 priority sectors identified by India for its G20 presidency.
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 has more than 100 branches across the country and offers specialized services in both domestic and international
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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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