India’s pioneering logistics solutions company, East West Holdings Ltd. announced its result for the quarter and year ended 31st March 2022. Operating through East West Freight Carriers Ltd (EWFCL), a wholly-owned subsidiary of East West Holdings Ltd. reported a rise of 30% in consolidated EBITDA marking a strong year-to-date and quarter-end performance.
“This year marks the 45th of our impeccable legacy. Our teams and affiliates deserve kudos for this milestone,” said Mr. Ajaz Mohammed Shafi, Managing Director, EWHL. “The results assert our ability to serve the needs of customers even as we work through challenges that have had a toll on industries across the board because of the pandemic. The increase in PAT to Rs. 283.29 lakhs make us confident that as we diversify into more niche categories, we will be future-ready with solutions across portfolios to serve stakeholders more holistically as we continue to contribute to India’s GDP growth story.” Standalone Q4FY22 results East West Holdings Ltd reported a multi-fold jump in operation to Rs. 760.44 lakhs in the January–March quarter compared to Rs. 193.97 lakhs in the previous quarter.
“This is an exciting momentum for us and marks a strategic point in our future business path for planned acquisitions,” said Vivek Anand Oberoi, Chief Strategy Officer, EWHL. “We are gearing for an optimal juncture for EWHL’s structure and scalability. We plan to leverage our legacy into delivering performance-driven logistics solutions, powered by globally-integrated backend and ecosystems. The changes we are continuing to make are expected to accelerate the business’s operational model. We will continue to grow our value-added offerings in both India and globally to serve our stakeholders”. The company has forayed into turnkey projects as well as dangerous and hazardous goods as key verticals among more significant announcements in the pipeline.
