The addition of this client to its portfolio will help the company to broaden its presence and enhance its capabilities within the logistics industry.
Commenting on the announcement, the Management team of Shreeji Translogistics,stated: “We are pleased to welcome Turkish Airlines Inc, one of the fastest growing air cargo brand worldwide, as our valuable client.
The relationship between STL and Turkish Cargo is set to bring mutual benefits to both parties, and we anticipate a long and successful alliance. This significant client win is expected to generate better yields, reinforcing our position as a trusted player in the air cargo industry which will further strengthen our market presence.”
Shreeji Translogistics (STL) is engaged in freight management, logistic solutions, and warehousing services. It caters a range of logistical requirements from over dimensional cargo (ODC) movement to bonded trucking movements. The various types of services provided by the company include full truck load transport services (FTL), parcel and part truck load services/ less than truck load (LTL), import-export services and ODC services. It owns and operates a fleet of around 300 owned trucks and more than 4,500 outsourced trucks.
The company has reported 67.24% rise in net profit to Rs 4.85 crore on a 33% increase in sales to Rs 65.45 crore in Q2 FY24 as compared with Q2 FY23.
The scrip shed 0.48% to currently trade at Rs 56 on the BSE.