Arshiya International HIFY09 PAT rises 160% yoy

Arshiya International Ltd. (Arshiya) (BSE: 506074), a global supply chain and logistics infrastructure solutions company, announced its results for the quarter and half year ended September 30, 2008 (Q2FY09).

On a consolidated basis, Total Income grew by 63% to Rs.146.46 crore in Q2FY09 from Rs.89.60 crore for the quarter ended September 30, 2007 (Q2FY08). The company’s Earnings before Interest, Depreciation, Tax & Amortization (EBITDA) grew 88% to Rs.21 crore while net profit jumped to Rs.19.19 crore compared to Rs.8.22 crore in Q2FY08.

For H1FY09, total income increased 71% to Rs.287.3 crore from Rs.167.90 crore for the half-year ended (H1FY08) on a consolidated basis. The company’s EBITDA grew 112% to Rs.41.5 crore in H1FY09 while net profit zoomed by 160% to Rs.39.29 crore compared to Rs.15.1 crore in H1FY08.

Commenting on the performance and forward plans of the company, Mr. Ajay S Mittal, Chairman and Managing Director, Arshiya International said, “We are happy about the solid performance we have registered in both quarters in FY09 by all our units. Arshiya; with its integrated IT, supply chain & logistics infrastructure services will be well placed to capitalize on the opportunities that arise out of the current economic slow down and use the conditions favourably to register sustainable growth by bringing tangible results for our customers in reduction of cost and increased efficiency in their operations. The clients we have been talking to have especially shown a very keen interest in the cost savings and opportunities that are brought about through our FTWZ value proposition.”

On immediate plans for next quarter Mr. Mittal added “We have completed land acquisition as planned for our FTWZ’s and will be looking to continue building on the good performance all the units have registered. Added to this, we will also see some impetus added through our Rail Infrastructure unit that will become operational this quarter and remain confident of sustaining our good performance.” 

Sourced From: Adfactors Public Relations Pvt Ltd