Western Carriers (India) Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
Western Carriers (India) Ltd Reports Stable Revenues Despite Global Challenges
08 Feb 2025 · 8 Feb 2025, 06:57 pm
Summary
Western Carriers (India) Ltd, a leading 4PL asset light multi model logistics company, announced its unaudited financial results for the quarter and nine months ended December 31, 2024. Despite major global geopolitical challenges, the company reported stable revenues, driven by a 24% growth in domestic container volumes, which offset a 15% decline in exim container volumes. The company anticipates double-digit growth in Q4 YoY basis.
Management Comments
Mr. Kanishka Sethia
Promoter, Whole time Director and CEO, WCIL
Our revenues remained stable over the first nine months of the year despite major global geopolitical challenges affecting exim volumes. Domestic container volumes grew by approx. 24%, successfully offsetting a 15% approx. decline in exim container volumes for 9MFY24. The situation has now improved, and we anticipate double-digit growth in Q4 YoY basis. Despite industry challenges, strong client relationships, customer-focused solutions, and new partnerships with leading manufacturers have created a strong foundation for future growth.
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