Partnership9 Oct 2024, 11:50 pm
Western Carriers (India) Ltd Reports Over 13% YoY Increase in EBIDTA, 8% in PAT for Q1 FY25
AI Summary
Western Carriers (India) Ltd, a leading 4PL asset light multi model logistics company, announced its unaudited financial results for the quarter ended June 30, 2024. The company reported a YoY increase of 5.26% in revenue, 13.46% in EBITDA, and 8.25% in PAT. The EBITDA margin improved by 63 bps and the PAT margin by 12 bps. The company successfully concluded its IPO, raising INR 4,928.80 million.
Key Highlights
- Over 13% YoY increase in EBIDTA and 63 bps improvement in margin
- Over 8% YoY growth in PAT with 12 bps increase in margins
- Successfully concluded IPO raising INR 4,928.80 million
- 5.26% YoY growth in revenue
- Cost optimization measures and improvement in operating efficiencies