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25 announcements match the current filters (relevance ≥ 5).
₹8.8 Cr Order Win from HPCL for 310 MT Project Cargo Logistics
Tiger Logistics has secured two air import contracts from Hindustan Petroleum Corporation Limited (HPCL) valued at approximately ₹8.8 crore. The project involves the end-to-end transportation of 310 MT of specialized cargo from France (80 MT) and Saudi Arabia (210 MT) to Visakhapatnam via three chartered flights. This order represents approximately 8.7% of the company's FY25 revenue of ₹101.16 crore. The contract is expected to be executed within a one-year timeframe, covering air freight, customs clearance, and local transportation.
Confidence: HIGH
What changedTiger Logistics has transitioned from routine freight forwarding to executing high-value, specialized air charter projects for a major Public Sector Undertaking (PSU).
Why it mattersThis win validates the company's technical capability in handling complex, time-sensitive project cargo and strengthens its credentials for future large-scale PSU tenders, diversifying its client base.
Order value: ₹8.80 CrCargo volume: 310 MTOrder vs FY25 Revenue: 8.7%Execution period: 1 YearNumber of charter flights: 3
📅 Short termThe announcement is likely to be viewed positively by the market as it demonstrates order book momentum and a high-profile client win.
📈 Long termConsistent wins in the project cargo and PSU segments could lead to a structural improvement in margins and brand positioning within the logistics sector.
⚠ Risk flags
- Execution risk related to international air charter coordination
- Potential for margin pressure if fuel or charter costs fluctuate significantly
Key Highlights
Secured two major air import contracts from HPCL with a total business value of approximately ₹8.8 crore.
Scope involves transporting 310 MT of specialized project cargo using three dedicated air charter flights.
Logistics chain covers 80 MT from France and 210 MT from Saudi Arabia to Visakhapatnam, India.
Execution timeline for the contract is set at one year.
Order value represents ~8.7% of the company's FY25 reported revenue of ₹101.16 crore.
👀 What to Watch
Investors should monitor the successful execution of these chartered flights and look for margin improvements in upcoming quarterly results, as specialized project cargo typically offers higher realizations than standard freight.
48.8% Revenue Growth in Q1 FY27; PAT Declines 53.9% as Margins Contract to 2.8%
Tiger Logistics reported a strong 48.8% YoY revenue growth to ₹152.53 crore for Q1 FY27, supported by a 28.7% increase in TEU volumes to 23,499 units. However, profitability was severely impacted by freight-rate volatility and elevated operating costs, leading to a 53.9% YoY decline in PAT to ₹2.17 crore. EBITDA margins saw a sharp contraction from 7.1% in Q1 FY26 to 2.8% in Q1 FY27. On the operational front, the company secured a new break-bulk contract from BHEL and renewed its mandate with Bank Note Paper Mill India.
Confidence: HIGH
What changedTiger Logistics achieved substantial top-line growth and volume expansion but suffered a significant hit to profitability due to rising freight and fuel costs.
Why it mattersThe results demonstrate that while the company can scale volumes in a volatile environment, its asset-light model is currently struggling to pass on rapid cost increases, leading to compressed margins.
Revenue (Q1 FY27): ₹152.53 CrPAT (Q1 FY27): ₹2.17 CrEBITDA Margin: 2.8%TEU Volume: 23,499 unitsRevenue vs FY26 Annual: 26.6%
📅 Short termThe stock may face downward pressure in the short term as the market reacts to the sharp decline in net profit and margin compression despite the revenue jump.
📈 Long termLong-term value depends on the company's ability to leverage its digital platform to stabilize margins and successfully diversify into break-bulk and green logistics.
⚠ Risk flags
- Significant margin contraction (424 bps YoY)
- Sensitivity to global freight rate volatility
- Geopolitical risks affecting trade routes
Key Highlights
Revenue from operations increased 48.8% YoY to ₹152.53 crore.
TEU volumes grew 28.7% YoY to 23,499 units, though down from 25,591 in Q4 FY26.
EBITDA margin contracted significantly by 424 bps YoY to 2.8%.
Net Profit (PAT) fell 53.9% YoY to ₹2.17 crore from ₹4.71 crore.
Air transport volumes declined to 51,065 Kg from 72,091 Kg in the same quarter last year.
👀 What to Watch
Investors should monitor the company's ability to recover margins in subsequent quarters as it integrates FreightJar 2.0 to reduce costs. The execution of the new BHEL break-bulk contract will be a key performance indicator for diversification efforts.
Tiger Logistics Q1 FY27: Revenue grows 48.8% to ₹152.5 Cr; PAT drops 53.9% on margin pressure
Tiger Logistics reported a strong 48.8% YoY revenue growth to ₹152.53 Cr in Q1 FY27, driven by a 28.7% increase in TEU volumes (23,499 units). However, profitability was significantly impacted, with PAT falling 53.9% YoY to ₹2.17 Cr as EBITDA margins contracted from 7.1% to 2.8%. The company secured a new break-bulk logistics contract from BHEL and renewed its mandate with Bank Note Paper Mill India. Despite the volume growth, rising operating expenses (up 58.5% YoY) have squeezed the bottom line, reflecting a shift toward a high-volume, lower-margin business mix.
Confidence: HIGH
What changedThe company has achieved massive volume and revenue scale-up but at the cost of significant margin compression, with PAT more than halving despite a nearly 50% jump in top-line.
Why it mattersThe results demonstrate strong market share gains and customer trust (BHEL win), but the sharp drop in margins suggests the company is currently unable to pass on rising logistics costs or is pricing aggressively to capture volume.
Revenue (Q1 FY27): ₹152.53 CrRevenue vs FY25 Total: 150.7%PAT (Q1 FY27): ₹2.17 CrEBITDA Margin: 2.8%TEU Volume: 23,499 unitsCash Reserve: ₹45.5 Cr
📅 Short termThe stock may face pressure due to the sharp decline in profitability and margins, despite the impressive revenue growth.
📈 Long termThe structural shift toward digital logistics (FreightJar) and expansion into renewable energy (TiGreen) could drive long-term value if the company successfully converts high volumes into sustainable profits.
⚠ Risk flags
- Severe EBITDA margin contraction (down 424 bps YoY)
- High customer concentration with top 5 clients contributing 50% of revenue
- Exposure to geopolitical risks like the Red Sea crisis impacting freight costs
Key Highlights
Revenue from operations increased 48.8% YoY to ₹152.53 Cr, exceeding the entire FY25 revenue in a single quarter.
TEU volumes grew 28.7% YoY to 23,499 units compared to 18,256 units in Q1 FY26.
EBITDA margins contracted significantly by 424 bps to 2.8% from 7.1% in the previous year.
Net Profit (PAT) declined 53.9% YoY to ₹2.17 Cr from ₹4.71 Cr.
Maintained a strong liquidity position with cash reserves of ₹45.5 Cr as of June 30, 2026.
👀 What to Watch
Investors should monitor the company's ability to restore margins through its 'FreightJar 2.0' digital platform and the scaling of new verticals like CUBOX. Watch for the execution of the new BHEL break-bulk contract and any stabilization in global freight costs which are currently impacting operating expenses.
Rs 152.5 Cr Revenue in Q1 FY27; Net Profit drops 54% YoY despite 49% Revenue growth
Tiger Logistics reported a significant revenue jump to Rs 152.53 Cr in Q1 FY27, up 48.8% from Rs 102.52 Cr in the same quarter last year. However, net profit fell sharply by 54% to Rs 2.17 Cr compared to Rs 4.71 Cr in Q1 FY26, primarily due to a 60% surge in operating expenses. Notably, the Q1 revenue alone has surpassed the entire FY25 annual revenue of Rs 101.16 Cr, indicating a massive scale-up in operations. The Board has also scheduled the 26th Annual General Meeting for September 24, 2026.
Confidence: HIGH
What changedThe company has achieved a massive scale-up in revenue volume compared to FY25, but this has come at the cost of significant margin compression.
Why it mattersThe sharp drop in profitability despite record-level quarterly revenue suggests that rising freight costs or aggressive pricing strategies are currently impacting the bottom line.
Revenue (Q1 FY27): Rs 152.53 CrNet Profit (Q1 FY27): Rs 2.17 CrYoY Revenue Growth: 48.8%Q1 Revenue vs FY25 Revenue: 150.8%Operating Expenses (Q1 FY27): Rs 141.65 Cr
📅 Short termThe market may react cautiously to the 54% profit decline, focusing on the margin pressure despite the strong top-line performance.
📈 Long termIf the company successfully leverages its digital platform to manage the increased volumes profitably, this scale-up could be structural; otherwise, high operating costs remain a concern.
⚠ Risk flags
- Severe margin compression
- Operating expense growth (60%) exceeding revenue growth (49%)
- Geopolitical risks impacting freight costs
Key Highlights
Revenue from operations grew 48.8% YoY to Rs 152.53 Cr in Q1 FY27
Net profit declined 54% YoY to Rs 2.17 Cr from Rs 4.71 Cr in the year-ago period
Operating expenses surged 60.3% YoY to Rs 141.65 Cr, outpacing revenue growth
Q1 FY27 Revenue represents 150.8% of the total FY25 annual revenue of Rs 101.16 Cr
Earnings Per Share (EPS) decreased to Rs 0.23 from Rs 0.47 YoY
👀 What to Watch
Investors should monitor if the company can stabilize its margins in upcoming quarters as it scales; the key is whether the 'FreightJar 2.0' digital platform can drive the promised 30% cost reduction to offset rising operating expenses.
Tiger Logistics Bags ₹4 Crore Import Logistics Order from BHEL for Italy-India Route
Tiger Logistics (India) Limited has secured a new import break bulk logistics mandate from Bharat Heavy Electricals Limited (BHEL) valued at approximately ₹4 crore. The project involves the transportation of 13 over-dimensional cargo units, each weighing 89 MT, from Italy to India. The execution period for this contract is tentatively set for 6 months. This order strengthens the company's existing relationship with BHEL, where it already has several orders under execution and a track record of delivering 28 machine components recently.
Key Highlights
Secured a new logistics mandate from BHEL worth approximately ₹4 crore including handling charges.
Scope involves moving 13 over-dimensional cargo units (89 MT each) from Italy to India.
Project execution is expected to be completed within a tentative timeline of 6 months.
Strengthens the company's position in the high-value industrial project logistics and heavy-lift cargo segment.
Follows a successful track record with BHEL, including 28 machine components already delivered.
👀 What to Watch
Investors should view this as a positive development for revenue visibility in the project logistics segment. Monitor the company's ability to maintain margins on these specialized PSU contracts and its execution efficiency over the 6-month period.
Tiger Logistics Secures ₹4 Crore Import Break Bulk Project from BHEL
Tiger Logistics (India) Limited has secured a new logistics mandate from Bharat Heavy Electricals Limited (BHEL) valued at approximately ₹4 crore. The project involves the international movement of 13 over-dimensional cargo (ODC) units, each weighing 89 MT, from Italy to India. This contract is expected to be executed within a 6-month timeframe and reinforces the company's niche expertise in handling heavy-lift and break-bulk cargo for major Public Sector Undertakings (PSUs).
Key Highlights
Awarded a ₹4 crore contract by BHEL for ocean freight and handling of specialized cargo.
The mandate involves transporting 13 over-dimensional units weighing 89 MT each from Italy to India.
Project execution is tentatively scheduled over a period of 6 months.
Strengthens a long-standing relationship with BHEL, following the successful delivery of 28 machine components in the previous year.
Highlights the company's growing footprint in the high-margin industrial project logistics segment.
👀 What to Watch
Investors should view this as a positive indicator of the company's specialized service capabilities and its ability to win repeat business from large PSUs. Monitor for continued growth in the project logistics segment which typically offers better margins than standard freight forwarding.
Tiger Logistics FY26 Revenue grows to ₹572.8 Cr; Net Profit drops 20% YoY to ₹21.5 Cr
Tiger Logistics (India) Limited reported a 6.8% YoY growth in annual revenue for FY26, reaching ₹572.82 crore. However, the company's profitability faced significant pressure, with annual net profit declining by 20.3% to ₹21.52 crore compared to ₹27.01 crore in FY25. The fourth quarter (Q4 FY26) showed a sharp contrast where revenue jumped 42% YoY to ₹162.55 crore, but net profit plummeted by 65.5% to ₹2.22 crore due to a substantial rise in operating expenses and employee benefits.
Key Highlights
Annual revenue from operations increased by 6.8% to ₹572.82 crore in FY26.
Net profit for the full year FY26 declined to ₹21.52 crore from ₹27.01 crore in the previous fiscal.
Q4 FY26 net profit fell sharply to ₹2.22 crore from ₹6.44 crore in Q4 FY25, despite strong revenue growth.
Total expenses for FY26 rose to ₹552.04 crore, driven by higher operating and employee costs.
Earnings Per Share (EPS) for FY26 decreased to ₹2.05 from ₹2.56 in FY25.
👀 What to Watch
Investors should exercise caution as the company is experiencing significant margin compression despite healthy top-line growth. It is advisable to wait for management commentary regarding the surge in operating costs before making new positions.
Tiger Logistics Retains Investment-Grade Ratings; FY26 Volumes Surge 34.5% to 92,614 TEUs
Infomerics has reaffirmed Tiger Logistics' long-term rating at IVR A- and short-term rating at IVR A2+ for bank facilities worth ₹45 crore, though the outlook has been revised to Negative due to profitability and working capital pressures. For FY26, the company reported a significant 34.5% year-on-year increase in container volumes, reaching 92,614 TEUs. Total Operating Income grew by 6.8% to ₹573 crore despite global supply chain disruptions and freight-rate volatility. The management is now focused on operational measures to improve margins and efficiency in high-growth sectors like renewable energy and automotive.
Key Highlights
Infomerics reaffirmed IVR A- (Long-term) and IVR A2+ (Short-term) ratings for ₹45 crore bank facilities.
Rating outlook revised to Negative citing profitability pressures and working capital challenges amid global trade disruptions.
Container volumes grew 34.5% YoY to 92,614 TEUs in FY26 from 68,858 TEUs in FY25.
Total Operating Income increased 6.8% YoY to ₹573 crore despite industry-wide market volatility.
Company maintains an asset-light business model with focused expansion in renewable energy, automotive, and electronics sectors.
👀 What to Watch
Investors should monitor the company's upcoming quarterly results to see if operational measures successfully translate volume growth into better profit margins, given the Negative rating outlook. The strong volume growth is a positive indicator of market share, but working capital management remains a key risk factor.
Tiger Logistics Credit Outlook Revised to Negative; FY26 EBITDA Margins Drop to 4.6%
Infomerics has reaffirmed Tiger Logistics' long-term rating at 'IVR A-' but revised the outlook to 'Negative' due to a sharp deterioration in operating profitability and a stretched working capital cycle. While revenue grew 6.8% to ₹572.82 crore in FY26, EBITDA margins compressed to 4.6% from 5.76% in the previous year, with Q4FY26 margins hitting a low of ~1.0%. The company's receivable cycle elongated significantly to 98 days, and interest coverage fell from 10.87x to 5.74x, signaling increased financial pressure.
Key Highlights
Long-term rating reaffirmed at IVR A- but outlook downgraded from Stable to Negative by Infomerics.
EBITDA/TEU plummeted 83% YoY to ₹656 in Q4FY26, driven by an inability to pass on elevated freight and logistics costs.
Working capital cycle worsened with debtor days increasing from 70 to 98 days in FY26 due to relaxed credit terms.
Interest coverage ratio nearly halved to 5.74x from 10.87x as total debt rose to ₹50.30 crore to fund operations.
Management targets a recovery in EBITDA/TEU to ₹2,500 and EBITDA margins to 7% for FY27.
👀 What to Watch
Investors should exercise caution and closely monitor the company's quarterly margin recovery and its ability to reduce debtor days. A failure to improve unit-level economics (EBITDA/TEU) could lead to a formal credit rating downgrade, further impacting financial flexibility.
Tiger Logistics FY26 Revenue Rises 6.8% to ₹573 Cr; Q4 Profit Drops 65% on Margin Pressure
Tiger Logistics (India) Limited reported a 6.8% YoY increase in annual revenue to ₹57,282 Lakhs for FY26, supported by a 34.5% growth in sea freight volumes. However, the company faced significant profitability challenges as FY26 PAT declined 20.3% to ₹2,152 Lakhs. The fourth quarter was particularly weak for margins, with EBITDA margin crashing to 1.0% from 6.3% in the previous year due to elevated operating costs. Despite the bottom-line pressure, the company is aggressively pursuing digital transformation through its FreightJar platform and new verticals like TiGreen and Cubox.
Key Highlights
FY26 Revenue grew 6.8% YoY to ₹57,282 Lakhs, though Q4 FY26 revenue showed a stronger 42% YoY jump to ₹16,255 Lakhs.
Full-year PAT fell 20.3% to ₹2,152 Lakhs, while Q4 PAT saw a sharp decline of 65.5% YoY to ₹222 Lakhs.
Sea freight volumes (TEUs) increased by 34.5% YoY to 92,614 units, indicating strong market share gains despite lower margins.
Q4 EBITDA margins contracted by 525 bps YoY to 1.0%, reflecting significant pressure from operating expenses.
The company successfully transitioned to the NSE Main Board and launched 'CUBOX' for LCL consolidation during the period.
👀 What to Watch
Investors should exercise caution as the company is currently prioritizing volume growth and digital expansion over profitability, leading to significant margin erosion. Monitor the next two quarters to see if the digital platform FreightJar and new business verticals can improve operational efficiency and restore margins to historical levels.
Tiger Logistics FY26 TEU Volumes Jump 34.5%, but PAT Declines 20.3% on Margin Pressure
Tiger Logistics reported a robust 34.5% YoY growth in TEU volumes for FY26, reaching 92,614 units, despite global trade headwinds. While annual revenue grew by 6.8% to ₹57,282 lakhs, the company faced significant margin compression, with FY26 PAT falling 20.3% to ₹2,151.5 lakhs. The Q4 performance was particularly weak in terms of profitability, with EBITDA margins crashing to 1.0% from 6.3% a year ago due to rising operating costs and competitive pricing. Management remains optimistic about volume growth, targeting 15-20% YoY increases driven by sectors like automotive and renewable energy.
Key Highlights
TEU volumes grew 34.5% YoY in FY26 to 92,614 units, with Q4 volumes up 40.8% YoY.
FY26 Revenue increased 6.8% to ₹57,282 lakhs, while Q4 revenue surged 42% YoY to ₹16,255 lakhs.
Full-year PAT declined by 20.3% to ₹2,151.5 lakhs, with Q4 PAT dropping 65.5% YoY.
EBITDA margins for Q4 FY26 contracted sharply by 525 bps to 1.0% from 6.3% in Q4 FY25.
Management projects future TEU volume growth of 15-20% YoY through deeper market penetration.
👀 What to Watch
Investors should exercise caution as the company is struggling to translate high volume growth into profitability due to severe margin erosion. Monitor the company's ability to stabilize operating costs and improve pricing power in the coming quarters before increasing exposure.
Tiger Logistics Approves Audited FY26 Financial Results; Auditor Issues Unmodified Opinion
Tiger Logistics (India) Limited has officially approved its audited financial results for the quarter and full year ending March 31, 2026. The company's statutory auditors, M/s Garg Agrawal & Agrawal, have issued an audit report with an unmodified opinion, confirming the reliability of the financial disclosures. The board meeting took place on May 27, 2026, lasting five hours to finalize the year-end reporting. This filing confirms compliance with SEBI Listing Obligations and Disclosure Requirements.
Key Highlights
Board approved audited financial results for the quarter and year ended March 31, 2026.
Statutory auditors issued an audit report with an unmodified opinion, ensuring financial transparency.
The board meeting was conducted from 01:00 P.M. to 06:00 P.M. on May 27, 2026.
The company maintained full compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.
👀 What to Watch
Investors should examine the specific revenue and net profit figures in the detailed financial statements to assess the company's growth trajectory. The unmodified audit opinion is a positive sign of transparent financial reporting.
Tiger Logistics Secures ₹2 Crore Import Logistics Contract from Bank Note Paper Mill
Tiger Logistics has secured a one-year import logistics mandate from Bank Note Paper Mill India Private Limited (BNPMIL), a Government of India enterprise. The contract, valued at approximately ₹2 crore, involves managing end-to-end logistics including freight forwarding and customs clearance. Shipments will originate from multiple international locations including the US, Germany, and Singapore, destined for the Mysuru plant. This renewal highlights the company's strong execution capabilities and provides steady revenue visibility from a prestigious PSU client.
Key Highlights
Secured a one-year contract renewal from Bank Note Paper Mill India Private Limited (BNPMIL).
Total contract value is estimated at approximately ₹2 crore for the one-year period.
Mandate covers international freight forwarding (air and sea) from over 12 countries including USA, Germany, and Singapore.
Logistics operations include customs clearance and inland transportation to the Mysuru plant via Bangalore and Chennai ports.
👀 What to Watch
This contract renewal confirms Tiger Logistics' strong standing with government enterprises, providing stable revenue and credibility. Investors should monitor for larger contract wins and the scaling of their digital platform, FreightJar, to drive long-term margins.
Tiger Logistics Shareholders Approve Re-appointment of Harpreet Singh Malhotra as CMD
Tiger Logistics (India) Limited has announced the results of its postal ballot, where shareholders overwhelmingly approved the re-appointment of Mr. Harpreet Singh Malhotra as Chairman & Managing Director. The resolution was passed as a Special Resolution with 99.99% of the total 34,995,898 valid votes cast in favor. This move ensures leadership continuity for the company, with the promoter group providing full support. The voting process concluded on March 25, 2026, reflecting strong institutional and promoter confidence.
Key Highlights
Re-appointment of Harpreet Singh Malhotra as CMD approved via Special Resolution with 99.99% majority.
Total valid votes cast amounted to 34,995,898, with 34,992,410 votes in favor and only 3,488 against.
Promoter group cast 34,936,220 votes, representing 100% support from the controlling interest.
Public non-institutional shareholders showed 92.74% support among those who participated in the vote.
👀 What to Watch
The re-appointment ensures management stability and continuity of the company's strategic direction. Investors should view this as a positive sign of internal alignment and shareholder confidence in the current leadership.
Tiger Logistics Q3 Net Profit Drops 29.5% YoY to ₹5.94 Cr; MD Re-appointed for 5 Years
Tiger Logistics (India) Limited reported a weak performance for the quarter ended December 31, 2025, with revenue falling 13.4% YoY to ₹139.02 crore. Net profit for the quarter declined significantly to ₹5.94 crore, down from ₹8.42 crore in the previous year's corresponding quarter. The company clarified to the stock exchange that it operates under a single business segment, 'Logistics Services'. On a positive note for leadership stability, the board has approved the re-appointment of founder Harpreet Singh Malhotra as Chairman and Managing Director for a further five-year term.
Key Highlights
Revenue from operations decreased to ₹13,902.45 lakhs in Q3 FY26 from ₹16,046.64 lakhs in Q3 FY25.
Net profit for the quarter stood at ₹593.77 lakhs, a decline of 29.5% YoY and 31.1% QoQ.
Total expenses for the nine-month period ended Dec 2025 were ₹38,963.28 lakhs compared to ₹40,067.24 lakhs YoY.
Mr. Harpreet Singh Malhotra re-appointed as Chairman & MD for a five-year term effective May 8, 2026.
Company officially confirmed single-segment operations in response to NSE regulatory clarification.
👀 What to Watch
Investors should be cautious as the company is experiencing a decline in both top-line and bottom-line growth on a YoY and QoQ basis. While management continuity is a positive, the cooling financial performance in the logistics sector warrants a closer look at margin pressures.
Tiger Logistics Reports 52% YoY Volume Growth in Q3 FY26 Driven by TiGreen Vertical
Tiger Logistics reported a strong 52% year-on-year volume growth in Q3 FY26, despite a dip in revenue caused by historically low global freight rates under its cost-plus model. The TiGreen vertical, focusing on solar and renewable energy, has emerged as a primary growth engine, now contributing over 40% to total revenue. While the new LCL vertical, CUBOX, is currently at a break-even stage, the company is seeing significant traction in the pharma and chemical sectors following expansion in North India. Management remains bullish on future performance as solar companies plan major CAPEX and geopolitical trade tensions begin to stabilize.
Key Highlights
Achieved 52% YoY and 9% QoQ growth in container volumes despite global geopolitical headwinds.
The TiGreen renewable energy vertical now accounts for more than 40% of the company's total revenue.
Revenue decline was primarily due to 'lowest ever' freight levels impacting the company's cost-plus pricing model.
Expansion into the North Indian pharma belt (Punjab, Haryana, Himachal) is yielding high export volumes.
Management aims to position the company among the top 5 to 7 logistics service providers in the Indian solar sector.
👀 What to Watch
Investors should focus on the robust volume growth and the scaling of the high-margin TiGreen vertical as key indicators of long-term value. A recovery in global freight rates would likely lead to a significant expansion in the top line given the current volume momentum.
Tiger Logistics Expands Gujarat Operations; Targets 40-45% Growth in Solar EXIM Volumes
Tiger Logistics is strategically deepening its presence in Gujarat to capitalize on the state's dominant position in India's solar manufacturing sector. The company's renewable vertical, TiGreen, currently handles approximately 2,000 TEUs of solar containers monthly and expects volumes to grow by 40-45% over the next year. This expansion includes the appointment of a dedicated General Manager for the Gujarat region to manage high-volume corridors in Gandhidham and Ahmedabad. The move aligns with India's planned 94.5 GW solar cell capacity addition and government initiatives like the PM Surya Ghar Muft Bijli Yojana.
Key Highlights
Projected 40-45% increase in solar EXIM volumes over the next 12 months.
TiGreen vertical currently manages up to 2,000 TEUs of solar container movements per month.
Gujarat accounts for 47% of India's module manufacturing and 49% of cell production capacity.
Appointment of a General Manager for the Gujarat Region to oversee Gandhidham and Ahmedabad operations.
Positioned to benefit from India's planned 94.5 GW of additional solar cell manufacturing capacity.
👀 What to Watch
Investors should track the company's ability to convert the 40-45% volume growth guidance into revenue and profit growth over the coming quarters. The focus on the high-growth renewable energy sector provides a strong thematic tailwind for this asset-light logistics player.
Tiger Logistics Expands Gujarat Operations; Projects 40-45% Growth in Solar EXIM Volumes
Tiger Logistics is strategically expanding its presence in Gujarat to capitalize on the booming solar energy sector, which currently accounts for 47% of India's module manufacturing. The company's renewable vertical, TiGreen, currently manages approximately 2,000 TEUs of solar container movements monthly. Management expects these volumes to grow by 40-45% over the next year, driven by new leadership in the region and national solar schemes like PM Surya Ghar Muft Bijli Yojana. This expansion aligns with India's planned 94.5 GW increase in solar cell manufacturing capacity.
Key Highlights
Projected 40-45% increase in solar EXIM volumes over the next 12 months.
TiGreen vertical currently handles 2,000 TEUs of solar container movements per month.
Strategic focus on Gujarat, which holds 47% of India's module and 49% of cell manufacturing capacity.
Appointment of a dedicated General Manager for the Gujarat region to oversee operations in Gandhidham and Ahmedabad.
Positioning to benefit from 94.5 GW of planned additional solar cell manufacturing capacity in India.
👀 What to Watch
Investors should monitor the realization of the projected 40-45% volume growth in the TiGreen vertical as a key performance indicator. The company's focus on the high-growth renewable energy logistics niche provides a strong competitive moat in the asset-light logistics space.
Tiger Logistics Proposes Re-appointment of CMD with ₹1.188 Cr Annual Remuneration
Tiger Logistics has issued a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Harpreet Singh Malhotra as Chairman & Managing Director for a five-year term starting May 8, 2026. The proposed annual remuneration is set at ₹1,18,80,000 (₹9.90 lakh per month), which the board states is within the 5% limit of net profits for a single MD. The e-voting period for this special resolution runs from February 24, 2026, to March 25, 2026. This move aims to ensure leadership continuity for the logistics firm through 2031.
Key Highlights
Proposed re-appointment of Mr. Harpreet Singh Malhotra as CMD for 5 years from May 8, 2026, to May 7, 2031.
Revised annual remuneration fixed at ₹1,18,80,000 (₹1.188 Crore), equivalent to ₹9.90 lakh per month.
Remote e-voting period scheduled from February 24, 2026, to March 25, 2026.
The cut-off date for eligibility to vote is February 20, 2026.
The board confirms the remuneration is within the statutory 5% limit of net profits under Section 197.
👀 What to Watch
Investors should review the leadership's past performance against the proposed pay hike and cast their votes during the e-voting period ending March 25, 2026.
Tiger Logistics Q3 Net Profit Drops 29.5% YoY to ₹5.94 Crore; CMD Re-appointed for 5 Years
Tiger Logistics (India) Limited reported a weak performance for the quarter ended December 31, 2025, with revenue from operations declining 13.4% YoY to ₹139.02 crore. Net profit saw a significant contraction, falling 29.5% YoY to ₹5.94 crore from ₹8.42 crore in the same period last year. On a sequential basis, revenue and profit also showed a downward trend compared to the September 2025 quarter. Amidst the financial results, the board has approved the re-appointment of founder Harpreet Singh Malhotra as CMD for a five-year term to ensure leadership continuity.
Key Highlights
Revenue from operations decreased 13.4% YoY to ₹13,902.45 lakhs from ₹16,046.64 lakhs.
Net profit for Q3 FY26 fell to ₹593.77 lakhs, a 29.5% decline compared to ₹842.35 lakhs in Q3 FY25.
Earnings Per Share (EPS) for the quarter dropped to ₹0.58 from ₹0.81 in the previous year's corresponding quarter.
9-month FY26 revenue stands at ₹41,027.42 lakhs, down from ₹42,180.04 lakhs in the previous year.
Board approved re-appointment of Harpreet Singh Malhotra as Chairman & Managing Director for 5 years starting May 2026.
👀 What to Watch
Investors should exercise caution as the company faces both YoY and QoQ declines in revenue and profitability. Monitor the upcoming management commentary for insights into logistics volume recovery and margin stabilization before making new entries.
