Jet Freight Logistics Ltd a pioneer in the logistic industry, announced standalone and consolidated financial statements for the quarter & year ended 31 March 2022.
Jet Freight has migrated its Equity Shares from the NSE-Emerge Platform to the Mainboard of NSE & BSE. The shares admitted to dealings in the list of ‘B’ Group on the BSE Main Board & NSE Main Board-Capital Market Segment on 21 December 2021. The company has also announced the stock split in Feb 2021.
Subsequently, the Record Date was announced as 20 May 2022. The script closed at 67.35 at NSE & 67.65 at BSE on 31 March 2022, showing a 40% growth in share price
from the listing date.
The Revenue for the year ended 31 March 2022, amounted to Rs 458 Crs, compared with Rs 347 Crs for last year. The company ended the year with 22,297 tonnages of shipment. Jet Freight with contributions from Dax Theknath, the Whole-time Director, and Joy John with 30 years of comprehensive experience in the logistics industry, has set a progressive plan for the multi-fold business every year providing professional end–to–end services to the client.
“Going forward, digital technology will be the key input that powers the world’s logistics management. We continue to focus on operational efficiency enhancements throughout the organization, including rationalization of the branch network as well as investments in technology to better serve customers.
Across the tech-driven logistics space, we are expanding our opportunity, positioning and expanding our customer base and creating long-term value for our stakeholders and taking share as we help customers differentiate, build trust and resilience, and do
more with less.” said Richard Theknath, Chairman and Managing Director of Jet Freight .
“Continued customer commitment to our operationally sound shipment capability and strong sales execution drove better than expected revenue growth of 32%. With the adoption of the Indian Accounting standard, SEBI regulations and compliance practices, including changes in the interpretation of existing standards, have shown a positive effect on our consolidated financial statements, ” said Arvind Talan, Chief Financial Officer of Jet Freight.