The year 2023 is proving to be a crucial turning point for the logistics industry, with significant policy changes taking place. Amidst these changes, several small businesses in the industry have shown progress in areas such as efficient transportation and resource deployment. One such company is Sindhu Trade Links, based in New Delhi, which primarily focuses on transportation logistics and support services.
According to the recent quarterly earnings report released by Sindhu Trade Links, the company recorded a total income from operations of Rs 444 crore in the first quarter. This represents a growth of over 70% compared to the previous year, as stated in the exchange filing.
In the April-June quarter of the financial year 2022-23, the company reported a total income from operations of Rs 2,614 crore. The net profit for the reporting quarter was Rs 29.33 crore, which is nearly 600% higher than the net profit of Rs 5.45 crore reported in the same quarter of the previous financial year. The filing also reveals that Sindhu Trade Links posted a net profit of Rs 16.6 crore for the full financial year 2022-23.
Aside from its impressive financial performance, Sindhu Trade Links has also announced its plans to develop a mixed-use township in Bilaspur, Chhattisgarh. Bilaspur is among the 100 cities in India being developed as a Smart city under the Smart Cities Mission.
The company has allocated Rs 200 crore for the development of this mixed-use township, with a projected revenue potential of approximately Rs 550 crore. The project is set to commence during the current financial year, and the proposed township spans over 53 acres, with the firm already owning nearly 47 acres of land and securing necessary approvals.
Known for its range of support services related to mining, logistics, and transportation, Sindhu Trade Links plays a crucial role in driving India’s economy. The logistics sector alone contributes an estimated 13-14% to the country’s GDP.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.