Latest news with #FlomicGlobalLogistics
Business Standard
27-05-2025
- Business
- Business Standard
Flomic Global Logistics standalone net profit rises 7.82% in the March 2025 quarter
Sales rise 17.26% to Rs 118.23 crore Net profit of Flomic Global Logistics rose 7.82% to Rs 1.93 crore in the quarter ended March 2025 as against Rs 1.79 crore during the previous quarter ended March 2024. Sales rose 17.26% to Rs 118.23 crore in the quarter ended March 2025 as against Rs 100.83 crore during the previous quarter ended March 2024. For the full year,net profit rose 68.95% to Rs 3.70 crore in the year ended March 2025 as against Rs 2.19 crore during the previous year ended March 2024. Sales rose 50.58% to Rs 500.15 crore in the year ended March 2025 as against Rs 332.16 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 118.23100.83 17 500.15332.16 51 OPM % 9.599.99 - 8.739.38 - PBDT 9.518.34 14 32.7424.09 36 PBT 2.352.53 -7 4.753.10 53 NP 1.931.79 8 3.702.19 69
Mint
14-05-2025
- Business
- Mint
Shareholdings moves in Q4: Indian Inc's founders hike stakes in select small-cap firms
Capitalizing on the weak market sentiment in Q4FY25, promoters increased their holdings in several BSE-listed companies on a sequential basis. A Mint analysis of 3,716 such firms highlights these strategic moves, suggesting promoters consolidated their positions in their beaten-down companies. Roughly 12% of companies saw promoter stake increases in the March quarter, higher than 7.3% in the December quarter. Biggest increases Among the most striking examples was Flomic Global Logistics, a logistics and freight management company, where promoters ramped up their stake by over 42 percentage points—from 26.34% in Q3FY25 to 69.17% in Q4FY25. The stock has suffered a drop of 25.6% sequentially. In the cement sector, India Cements saw a similar show of promoter confidence, with holdings rising by more than 25 percentage points as the stock cracked 26.6% during the quarter. Jonjua Overseas, an IT consulting and solutions firm, also reported a comparable surge in promoter stake—up over 20 percentage points—while the stock declined 19%. Shriram Asset Management Co., a financial services company, saw promoter shareholding rise by 8.6 percentage points while its stock price declined by more than 26%. Also read Shareholding moves in Q4: Million new investors flocked to these firms The only exception among the top five was California Software Co., part of the IT services sector, where both metrics moved upward—its promoter holding rose over 26 percentage points to 62.26%, while the stock gained 11.2% during the quarter. 'Promoters are usually the most informed stakeholders in a company. An increase in their stake often signals confidence in future growth," said Bhavya Shah, head of research at Wallfort PMS. 'However, this should not be the only or dominant indicator driving investment decisions. Investors should look at the company in a holistic way and avoid investment solely based on one indicator." Trimming stakes While some promoters used the market dip as a buying opportunity, others went the opposite way, trimming their holdings—possibly due to funding needs, regulatory constraints, or strategic rebalancing. TTI Enterprise recorded the sharpest drop in promoter ownership, falling from 62.23% to 39.36% in the past two quarters. This was followed by Vodafone Idea, where promoter holding dropped from 38.8% to 25.57% alongside a 14.2% slide in share price. Ruchi Infrastructure saw its promoter stake dip by 968 basis points while its stock price plunged 44.8%—the steepest price drop among this select group of stocks, where promoter confidence waned. Indiabulls Enterprises also witnessed a 7-percentage-point decline in promoter holding, with shares falling 20.6%. Only India Steel defied this larger trend: its stock edged up 1.6% during the quarter, while promoter holding fell to 36.83% from 48.5% on a sequential basis. Also read Shareholdings moves in Q4: Mutual funds load up on 5 mid- & small-cap laggards Though Shah cautioned against oversimplifying promoter stake movements. 'Reductions in promoter shareholding aren't necessarily negative. They may stem from strategic reasons such as strengthening the balance sheet or regulatory compliance, rather than opportunistic profit-booking," he noted. 'Conversely, while a high promoter stake is often viewed positively, we've seen companies with low promoter holding excel through professional management and robust governance," he added. Overall trend Although some companies have experienced a rise in promoter ownership, a wider analysis of India Inc. indicates a persistent downward trajectory in promoter stakes. The aggregate promoter holding across the 3,716 firms analyzed fell to 45.9% in Q4FY25, from 48.94% a year ago. The decline was gradual throughout the year—from 48.84% in Q1 to 47.98% in Q2, and 47.57% in Q3. This shift likely reflects capital-raising efforts, strategic stake sales, or a move toward more diversified shareholder structures. Among companies with a market capitalisation above ₹500 crore, promoter buying was spread across varied sectors, including construction, steel, BFSI, auto ancillaries, chemicals, and IT. But analysts say the trend appears more company-specific than indicative of a sector-wide shift. 'Promoter actions this quarter reflect a mix of conviction and caution," Shah said. 'And, as always, the reasons behind stake changes matter more than the numbers themselves." This is the tenth part of a series of data stories on the latest shareholding pattern. Read previous parts of our shareholding series here.
Time of India
25-04-2025
- Business
- Time of India
Trump's tariffs may spike freight costs by 30%; India set to ride the supply chain shake-up
India's shipping and logistics sector is bracing for both turbulence and opportunity, as the reciprocal tariffs imposed by the Trump administration in the US have dramatically altered global trade flows, upending supply chains. With freight costs rising and cargo volumes shifting, experts say that Indian companies are facing unprecedented supply chain pressures along with new opportunities. Industry stakeholders unanimously agree that Trump's tariffs have affected interconnected supply chains, leading to changes in freight rates, rerouting cargo, and forcing logistics providers to re-examine traditional routes. #Pahelgam Terrorist Attack Pakistan suspends Simla pact: What it means & who's affected What is India's defence muscle if it ever has to attack? Can Pakistan afford a full-scale war with India? Higher freight, spiked costs Sateshwar Tuteja, Director of Sales at shipping firm Jeena & Company, explains that global factors like supply and demand, fuel prices, and disruptions mainly affect freight rates, but ongoing high demand on certain routes, like India-US due to trade diversion, can give shipping companies more control over their prices and potentially increase costs for shippers, benefiting logistics‑intermediary margins if managed well. Beyond the silver lining, Tuteja, however, cautions that expanded US duties could dent cargo volumes on affected lanes, adding to already mounting customs scrutiny, longer dwell times, and 10-14% higher compliance costs. Live Events Asked about sectoral pressures as witnessed by his company, he says, 'India-US freight rates have risen by 18% year-on-year. Over 40% of Indian apparel exporters have shifted operations to Vietnam and Bangladesh, and major lines are preparing for a 25% capacity reduction on US‑bound routes. Industries reliant on imports are already facing a 12-15% cost increase, offsetting the country's reshoring gains. Trump's sector-wide tariffs on Indian exports will mainly impact telecom, gems and jewellery, auto components, and processed foods, which together are valued at over $21 billion in annual trade.' Despite looming challenges, Tuteja emphasises that India maintains a competitive advantage, which enables it to navigate the current turbulent period. 'India's relatively moderate tariff exposure compared to other countries like China (imposed with up to a 245% tariff) positions us as a competitive alternative for global manufacturing. A 17% increase in warehousing demand and a 12% surge in foreign manufacturing interest reflect this shift. India could leverage this large tax gap vis-à-vis China by adopting firm and strategic policy measures with efficient export strategies, including market access negotiations, to create scope for trade diversification to the US.' A mixed bag for India According to industry experts, US tariffs could trigger a 30% freight hike. Alan Barboza, Executive Director at Flomic Global Logistics , describes Trump's tariff offensive as 'a mixed bag for global trade—and possibly a windfall for India'. 'If the 90‑day tariff pause extends and Trump's 'up to 245%' levy on Chinese goods holds, Indian exporters could gain a critical edge, especially in low‑cost manufacturing sectors,' he says. Since the tariff announcements, Barboza says, booking queries for breakbulk and loose cargo have jumped 14-17%, particularly from Gujarat and Tamil Nadu. Air cargo demand is also up, led by pharmaceuticals and perishables bound for the US East Coast. 'With carriers set to trim US-bound capacity by 25 %, Indian logistics firms must adapt—consolidate loads, optimise multi-port routing, and invest in compliance excellence to stay globally competitive in a fractured trade landscape.' Meanwhile, rising geopolitical tensions and stuck consignments in China are also stoking fears of a global container crunch. Jitendra Srivastava, CEO of Triton Logistics & Maritime, cautions that trade tensions with China could trigger a 30% freight hike. He adds containers stranded in Chinese ports due to tariffs and uncertainty risk creating global shortages. 'Shipping lines will raise rates to recoup costs as volumes fall. For India's medium and small exporters, this could mean sharply higher logistics bills. If China's export woes persist, we could see freight‑rate swings of 10–30% across regions as early as next month,' cautions Srivastava. Seizing the upside According to experts, India's logistics sector faces a turning point, as rising freight rates, shifting shipping capacity, and growing compliance issues exacerbate its challenges. However, experts highlight that India's moderate tariff structure, expanded market access via CEPAs, and growth in warehousing and manufacturing create an opportunity to redefine its global trade role. Industry observers also see an opportunity if the US pause on tariffs extends beyond 90 days. Surendar Singh, Associate Professor of International Business at O.P. Jindal Global University, argues India must act swiftly: 'We have a chance to capitalise on these shifts, but we need concrete measures. The Ministry of Commerce should pinpoint high‑potential products and partner with industry to seize emerging opportunities.' Notably, India is currently in the process of negotiating a bilateral trade agreement with the US. However, Singh flags that meeting US demands related to agricultural products remains challenging for India due to its complex domestic political economy. As a solution, Singh advocates a 'selective approach' to a US trade deal that includes reducing tariffs on certain industrial goods to somewhat please US interests but avoids negotiating sensitive areas like government procurement, IPR, digital trade, and environmental standards.
