logo
#

Latest news with #TiGreen

Tiger Logistics Q4 FY25 results: Net profit surges nearly 60%
Tiger Logistics Q4 FY25 results: Net profit surges nearly 60%

India.com

time28-05-2025

  • Business
  • India.com

Tiger Logistics Q4 FY25 results: Net profit surges nearly 60%

Stock market update: Tiger Logistics, a leading Indian logistics firm specialising in cargo and project imports and exports, has reported strong financial results for the fourth quarter of the financial year 25. The company's standalone net profit rose 59.87 per cent to Rs 6.44 crore in March 2025, up from Rs 4.03 crore in the same period last year. Revenue from operations also saw a robust 23.5 per cent increase, reaching Rs 114.50 crore compared to Rs 92.71 crore in March 2024. EBITDA for the quarter stood at Rs 9.54 crore, marking a 48.6 per cent jump from Rs 6.42 crore year-on-year. In addition to its financial performance, the company has made significant strides in its renewable energy logistics segment. Over the past four months, Tiger Logistics has increased its monthly container capacity for renewable energy products fivefold—from 300 to 1,500 TEUs (twenty-foot equivalent units). The company now aims to scale this further to 3,500 TEUs per month within the next three to six months. The renewable energy (RE) vertical has experienced exponential growth, with a monthly volume reaching 1,500 TEUs on an ongoing basis, up from 300 twenty-foot equivalent units (TEUs) in November 2024 from the solar industry, marking a significant uptick in RE portfolio TiGreen, it said. Tiger Logistics has also witnessed a staggering increase in its import business, driven by the rising demand for solar modules from China, with supplies increasing since FY22 to around 97 per cent of polysilicon and 80 per cent of solar modules globally in FY24. This growth trajectory positions TiGreen on track to generate an estimated additional Rs 100-150 crore annually from its renewable energy logistics. (With PTI inputs)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store