FSC Delivers A Strong Quarter With 34% Revenue Growth And 61% PAT Growth
Deepthi | Myequity news | Date : 02-11-2018 12:45:00 IST
Future Supply Chain Solutions Limited (FSC), a leading third-party supply chain solutions specialist and logistics service provider, today announced its results for the quarter ended September 30, 2018.
Key Operating Highlights:
FSC continues to witness increased traction from new clients and added several reputed clients to its portfolio during the quarter, including Voltbek Home Appliances Private Limited, JK Helene Kurtis Limited and Tilda Limited.
Annual incremental billing potential of new clients added in the last six months amounts to over ₹ 900 million. This is in addition to the existing non-anchor revenues of ₹ 2,585 million in FY18. The Company has a healthy 12-month sales funnel of ₹ 4,000-5,000 millionii, which includes many marquee brands.
Contribution from non-anchor customers increased from 33% in FY18 to 39% in H1 FY19. Revenue per square feet came in at ₹ 123 per month in Q2 FY19 (vs. ₹ 110 in Q1 FY19). Warehouse space increased by 0.79 million sq. ft. to 6.40 million sq. ft. during the quarter.
Key Standalone Financials:
Revenue from operations grew 34.4% year on year to ₹ 2,762 million.
EBITDA grew 20.6% year on year to ₹ 386 million.
PAT grew 60.8% year on year to ₹ 213 million.
Trade receivables declined from 108 days in FY18 to 94 days in Q1 FY19 and 90 days in Q2 FY19.
ROCE (adjusted) remained strong at 26.9% in Q2 FY19.
Commenting on the results and the business outlook, Mayur Toshniwal, Managing Director of FSC said “Continuing with the strong business momentum, the company posted excellent Q2FY19 revenue growth of 34.4% and significant net profit growth of 60.8%. I am pleased to share that our first built- to-suit IFDCv at Banur was operationalized during the quarter and the re-constructed distribution model for Food and FMCG supply chain is beginning to take shape.
Being an end-to-end logistics solutions provider and given our pan India presence, we continue to work towards enhancing our warehousing operations. During the quarter, the Company added several reputed clients, such as Voltbek, JK Helene Kurtis and Tilda. We are optimistic on the logistics sector’s potential and will continue our journey to shape the industry and expand our business.”About Future Supply Chain Solutions Limited:
Future Supply Chain Solutions Limited is a public company domiciled in India and incorporated on March 8, 2006. FSC is a leading third-party logistics service operator in India and covers the entire gamut of supply chain services across logistics value chain including smart warehousing, an efficient transportation and distribution system, temperature controlled logistics and last mile delivery logistics. FSC operates a pan-India distribution network, offers integrated warehouse management systems with highly automated state-of-the-art technology systems, and hub and spoke transportation model that enable innovative service offerings to the customers in an optimised and cost efficient manner. It caters to corporates in Fashion & Apparels, Food & Beverages, Consumer Electronics & High Tech, Automotive & Engineering, Home & Furniture, Healthcare, General Merchandise and E-Commerce sectors.