TTSL Q1FY23 Financial performance:
- 71% YoY increase in revenue mainly on account of higher margin in freight rates in FCL imports and exports along with increase in volumes for sea exports and import LCL resulted in higher growth in revenue
- 32% YoY increase in EBITDA mainly due to volume boost leading to higher revenues
- One World Logistics as on June 30, 2022:
- 5 million plus shipmentstill date
- 2,200 plus trained associates
- 1,100 plus vehicles
- 800 plus pincodes
| Particulars | Q1 FY23 |
| Sea export-LCL | 70,641 CBM |
| Sea import-LCL | 36,560 CBM |
| Sea export-FCL | 1877 TEU |
| Sea import-FCL | 295 TEU |
| Air Export – TON | 194 Ton |
| Air Import – TON | 97 Ton |
Commenting on the results, Mr. Makarand Pradhan, MD, Total Transport Systems Ltd. said:
“I am happy to share that our Company is almost getting back to original operations of pre-COVID times and generating even better results..
Through a good and strong setup with partners, our Company is able to focus and grow the last mile delivery business by adding more stations. Greater understanding about the importance of last mile delivery business and being continually conscious of its time sensitive element gives us an edge over others and helps generate higher volumes.
We expect our exports to go up in the coming quarters. We are very optimistic about our company’s growth both in EXIM Logistics and our last mile delivery vertical. We have definite plans to ensure that our business growth is much better than the overall growth in the EXIM Logistics and deliveries we do for ecommerce business.
The USA, Canada , Europe and Mediterranean are under stress because of the rising inflation, congestion in the ports and terminals ,strikes and uncertainties about the pandemic situation, affecting their buying power, thus decreasing their imports. The geopolitical situation is also not conducive for global trade .This has affected the exports out of south east Asia and Indian sub-continent. In the last 2 to 3 months, the freight levels have dropped by about 10- 15 percent and if this situation continues, we may see the freight levels dropping by further 10 – 15 percent by the end of this year.
With the creation of additional capacity of ships and the containers, we may see a buyer’s market in a couple of quarters.
