Shreeji Translogistics Reports 56.6% Surge in Q1 Profit, Boosted by Land Sale
Shreeji Translogistics Limited posted robust Q1 FY24 results. Consolidated revenue grew 8.8% YoY to ₹5,705.64 lakh. Profit after tax surged 56.6% YoY to ₹437.29 lakh. EBITDA margins improved to 13.9% from 11.0% last year. The transport services segment generated ₹5,634.67 lakh in revenue. A one-time gain of ₹450 lakh from land sale in Chennai contributed significantly to profits. The company's board approved these results on August 11.