Tiger Logistics Roars with Profit Surge in Q2

Tiger Logistics (India) reported its net profit more than doubled to approximately Rs 8 crore for the September quarter, driven by increased income. Compared to Rs 3.22 crore in the same quarter of the previous fiscal year, the company's total income also rose significantly to Rs 162.40 crore.

Tiger Logistics (India) on Wednesday announced a substantial increase in its net profit, which more than doubled to about Rs 8 crore for the September quarter. This impressive growth was primarily fuelled by a significant rise in the company's income.

In the same quarter of the previous fiscal year, the company had reported a profit of Rs 3.22 crore. According to the company's exchange filing, this marks a considerable improvement in their financial performance.

The second quarter saw the company's total income jump to Rs 162.40 crore, a more than three-fold increase from Rs 53.99 crore the previous year. Tiger Logistics, a renowned player in the global logistics industry, specializes in handling both domestic and international cargo projects.

(With inputs from agencies.)