Transindia Real Estate Limited (TREL), a leading player in the Indian real estate, warehousing and commercial logistics sector, recently announced its financial results for the quarter and full year ended March 2024. The company reported a drop in sales for both the quarter and full year but was able to report a significant rise in net profits due to a divestment of completed warehousing assets that helped boost liquidity and reduce debt. TREL has a robust pipeline of new projects and this enhanced liquidity will facilitate the development of world-class logistics infrastructure across multiple locations.
Transindia Real Estate Limited (TREL), a key player in the Indian real estate, warehousing and commercial logistics space, recently announced its financial results for the quarter ended March 2024. The company reported EBITDA of INR 54 crores for FY24, with debt in the second half (H2) of FY24 standing at INR 58 crores.
Net profit of TransIndia Real Estate reported to INR 159.03 crore in the quarter ended March 2024 as against net loss of INR 13.53 crore during the previous quarter ended March 2023. Sales declined 31.58% to INR 20.08 crore in the quarter ended March 2024 as against INR 29.35 crore during the previous quarter ended March 2023.
For the full year, net profit rose 806.30% to INR 250.41 crore in the year ended March 2024 as against INR 27.63 crore during the previous year ended March 2023. Sales declined 28.98% to INR 96.82 crore in the year ended March 2024 as against INR 136.32 crore during the previous year ended March 2023.
Commenting on the results, Jatin Chokshi, Managing Director of TREL said the recent divestment of their completed warehousing portfolio has helped improve liquidity and reduce debt levels. It has a robust pipeline of new projects and this enhanced liquidity will facilitate the development of world-class logistics infrastructure across multiple locations.
Transindia Real Estate Limited is one of the key players in the real estate, warehousing, and commercial logistics space in India. The organization has a nationwide footprint of world-class facilities, and its business spans developing, maintaining, and leasing logistics assets to help businesses expand and simplify their global and domestic supply chains. Formerly a division of Allcargo Logistics Limited, Transindia Real Estate Limited is now an independent entity and Allcargo Group company, with capabilities to create synergies for single-window, end-to-end logistics.
As one of India's premier logistics real estate companies, Transindia Real Estate Limited is well positioned to capitalize on the growth opportunities in the sector with its strong network of high-quality assets and integrated service offerings. The company remains committed to developing logistics infrastructure to support the evolving supply chain needs of businesses.
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