City
Epaper

Shree OSFM E-Mobility Reports 115 Percent Surge in Net Profit for H1 FY25

By ANI | Updated: November 18, 2024 11:10 IST

PNNMumbai (Maharashtra) [India], November 18: Shree OSFM E-Mobility Limited (NSE - SHREEOSFM), company is engaged in providing employee ...

Open in App

PNN

Mumbai (Maharashtra) [India], November 18: Shree OSFM E-Mobility Limited (NSE - SHREEOSFM), company is engaged in providing employee & others passenger transportation services across major cities in India, announced its Unaudited Financial Results for H1 FY25.

Key Financial Highlights H1 FY25

*Total Income of Rs 68.89 Cr, YoY growth of 23.08%

*EBITDA of Rs 9.18 Cr, YoY growth of 24.31%

*EBITDA Margin of 13.33%, YoY growth of 13 Bps

*Net Profit of Rs 4.78 Cr, YoY growth of 114.81%

*Net Profit Margin of 6.94%, YoY growth of 296 Bps

*EPS of Rs 3.29, YoY growth of 55.19%

Commenting on the performance, Nitin Bhagirath Shanbhag, Chairman and Whole Time Director, Shree OSFM E-Mobility Limited said, "Our performance in the first half of FY25 reflects the growing demand for dependable, efficient corporate transportation services in India's major business hubs. We are pleased to report a 23% increase in total revenue to Rs69 crore, alongside a significant growth in net profit to Rs4.78 crore.

This growth is a testament to our asset-light model and adaptable service offerings tailored to meet the evolving needs of our clients. With an expanding client base and a strong reputation for reliability and service excellence, we are well-positioned to continue our growth trajectory in the coming quarters. We remain committed to enhancing operational efficiency, expanding our fleet partnerships, and delivering safe, premium transportation solutions for India's top employers

As we look to the future, we are focused on leveraging digital advancements to enhance route optimization, fleet utilization, and client engagement. By investing in technology and expanding our vendor partnerships, we aim to further strengthen our position as a trusted transportation partner for India's top employers, driving operational excellence and sustainable growth. We are confident that our continued emphasis on quality and client satisfaction will pave the way for even greater achievements in the coming quarters."

(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN.will not be responsible in any way for the content of the same)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalCongress takes out 'Jai Hind Tiranga Yatra' in NE to support 'Operation Sindoor'

NationalSecurity tightened at Agartala airport amid India-Pakistan tensions

National13 year-old girl airlifted from Agatti Island to Kochi for medical treatment

NationalJaipur Metro gets bomb threat, officials conduct intensive searches

NationalSirens echo across Jammu as 'blasts' trigger blackout; CM Omar Abdullah issues urgent advisory

Business Realted Stories

BusinessExplained: India's abstention during IMF vote on Pakistan loan

BusinessIndia opposes IMF lifeline for Pakistan due to terror financing risk

BusinessTripura Gramin Bank posts net profit for second successive year

BusinessEU teams will be in New Delhi for FTA negotiations next week: Envoy Herve Delphin

BusinessRelaxo Footwears Q4 net profit falls 8.4 pc, revenue down nearly 7 pc