Timescan Logistics Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 29, 2024 at 11:18 am
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Timescan Logistics (India) Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 1,057.45 million compared to INR 874.01 million a year ago. Revenue was INR 1,060.27 million compared to INR 874.27 million a year ago. Net income was INR 24.46 million compared to INR 17.75 million a year ago. Basic earnings per share from continuing operations was INR 7 compared to INR 5.07 a year ago. Diluted earnings per share from continuing operations was INR 7 compared to INR 5.07 a year ago.
For the full year, the company reported sales was INR 2,019.23 million compared to INR 2,031.29 million a year ago. Revenue was INR 2,022.5 million compared to INR 2,031.64 million a year ago. Net income was INR 37.93 million compared to INR 37.23 million a year ago. Basic earnings per share from continuing operations was INR 10.85 compared to INR 10.65 a year ago. Diluted earnings per share from continuing operations was INR 10.85 compared to INR 10.65 a year ago.
Timescan Logistics (India) Limited is an India-based company, which provides warehousing, freight transportation services, project cargo services, and logistic solution services. It provides various services, including freight forwarding (sea and air freight), custom clearance, warehousing, transportation, multimodal transportation, project cargo, break bulk or heavy lift, vessel charter, chartering, full container load (FCL) and less than container load (LCL) consolidation, equipment rentals and turnkey projects, flexi tanks and hazardous cargo, packaging, palletization, fumigation, vendor management, and value-added services. It provides both types of freight forwarding services, air freight forwarding, and ocean freight forwarding. Its project cargo services include planning, port feasibility studies, conceptual design of port and other maritime transport projects, trade and traffic forecasts, and financing strategies.