Revenue was Rs. 10,543.74 lacs; a YoY increase of 270.88% and a sequential increase of 15.29%.
Mumbai, January 28, 2008: Arshiya International Ltd. (BSE: 506074), a leading global supply chain services company today announced the un-audited results of the company for the quarter ended December 31, 2007 (Q3).
Consolidated Highlights
1.Revenue was Rs. 10,543.74 lacs; a YoY increase of 270.88% and a sequential increase of 15.29%.
2.Net Profit after Tax was Rs. 1041.53 lacs; a YoY increase of 247% and a sequential increase of 85%.
3.EPS was Rs. 2.31.
4.EBITDA margin for the quarter was Rs.1393.57 lacs.
Commenting on the results, Mr. Ajay Mittal, Chairman - Arshiya International Ltd., said, 'The growth in this quarter has been in line with our expectations. Our focus has always been to provide maximum customer value and the strong showing is a result of our constant commitment to provide innovative and integrated business solutions to our customers.'
Business Outlook
Supply chain management and logistics are getting recognized as a critical infrastructure area to sustain India's booming economic growth. Arshiya is poised to take leadership in this segment with some distinct first mover advantages that it has already taken.
Arshiya will be investing Rs 3000 crores to build three Free Trade Warehousing Zones (FTWZ) in India and Middle East for providing integrated supply chain services to enhance exim trade.
Key Business Achievements
Secured in-principle approval from the Central Government for the FTWZ near Mumbai.
Successfully raised Rs 350 crore through QIP to part finance the first phase of FTWZ and rail corridor development.
Secured in principle approval for running pan India railway freight trains.
Induction of world renowned professionals as part of the Global Advisory Board & Strategic advisors
J Dr. Jerry (Yoram) Wind, Lauder Professor & Academic Director, The Wharton Fellows Program
Dr. Frank-Jürgen Richter, former Director World Economic Forum (Asia Pacific) and current President Horasis
Mr. William Adamapoulous, President and Publisher of Forbes Asia
Dr. John Gattorna, Co-director of the Centre for Supply Chain Research and Professional Fellow in Supply Chain Management at the University of Wollongong
Richard S Taffet, co-chair of Bingham's Intellectual Property Litigation and Patent Prosecution Group
Prof. G Raghuram, Prof at IIM Amhmedabad
About Arshiya International Ltd
Arshiya International Ltd is an Indian headquartered multinational company with offices spanning across India, Singapore, Australia, Dubai, Qatar, Oman and the United States. Arshiya is a leading entity in providing knowledge driven solutions to its global customers specifically focused on the areas of innovative technology, business process outsourcing, supply chain, demand chain and financial flow management services.
Arshiya is rapidly expanding its business capabilities through continuous internal development and aggressive acquisitions in complimentary space. Arshiya's key business entities currently include: Cyberlog Technologies (which provides global I.T systems, software development and business process outsourcing services), BDP India and Gulf (which provides shipping and global logistics services to its customers), BDP-Genco (focusing exclusively on India's rapidly expanding retail market for their entire supply/demand chain management) and Arshiya's Knowledge Centre (which will encompass specialised consulting services).
For further information, please contact:
V. Shivkumar
Director-Corporate Affairs & Secretary
Arshiya International Ltd
7th Floor, `C` Wing, Twin Arcade
Military Road, Marol Maroshi,
Andheri (East),Mumbai – 400059
Tel: 9821017133
Email: Shivkumar.v@arshiyainternational.com
Sreekar Reddy Takemal
Ogilvy Public Relations Worldwide
Tel: 9866110032
Email: sreekar.reddy@ogilvy.com
Ogilvy Public Relations Worldwide