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Arshiya posts 11pc rise in Net Profit

Posted on Nov 13, 07:38PM | IBNS

Unified supply chain and infrastructure group, Arshiya International, has marked a 11 percent rise in its consolidated net profit for the quarter-ended September 30, 2012 to stand at Rs. 35.43 crore.

It posted a consolidated total revenue of Rs. 372.57 crore for the quarter as against Rs. 247.96 crore in the corresponding period last year, registering an increase of 50 percent, said a company statement.

Consolidated EBIDTA for Q2 FY13 was Rs. 108.18 crore as against Rs. 64.72 crore in the corresponding quarter last year, registering a 67 percent increase.

Commenting on the results Ajay S Mittal - Group Chairman and Managing Director of Arshiya, said, "With our FTWZs in Mumbai and Khurja contributing steadily to our growth and with the launch of our rail terminal in Khurja, Arshiya's unified services are creating an unprecedented competitive advantage for our customers."

"As the government has already announced FDI in retail, Arshiya with its unified infrastructure and proven delivery presents itself as the service provider of choice that can make a tangible difference to product distribution pan-India. We are sure to see the effects of this reflecting in our business in the future and remain confident of scaling our existing businesses further in the quarters to come," Mittal said.