Arshiya International posts Rs 35.43 cr net profit in Q2

Logistics player Arshiya International has posted a 11 per cent rise in September quarter net profit at Rs 35.43 crore.

The city-headquartered company had posted a consolidated post-tax profit of Rs 31.85 crore.

The pre-tax profit went up 67 per cent to Rs 108.18 crore, it said in a statement issued here.

During the reporting quarter, its consolidated total revenue went up to Rs 372.57 crore from the Rs 247.96 crore in the year-ago period, it said.

The company's chairman and managing director Ajay S Mittal said the free trade warehousing zones at Khurja and Mumbai, coupled with the launch of a rail terminal at the former, have helped the company.

The decision to allow foreign direct investment in multi-brand retail will also help an integrated player in the space like Arshiya, he added.

The company scrip was trading at Rs 123.50 a piece, up 1.40 percent during the special Diwali mahurat trading at 1615 hours on BSE, whose broader Sensex was down 0.11 percent.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.