Mumbai, February 7, 2019: Future Supply Chain Solutions Limited (FSC or the Company), a leading third-party supply chain solutions specialist and logistics service provider, today announced its results for the quarter ended December 31, 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 a reputed fashion & apparels brand, a men’s casual wear brand and many more.
§ Annual incremental billing potential of new clients added in the last nine months amounts to over ₹ 1,250 million.
§ The Company has a healthy 12-month sales funnel of ₹ 4,000-5,000 millioni, which includes many marquee brands.
§ Non-anchor customers contributed 38% to 9M FY19 revenues.
§ Warehouse space increased by 0.91 million sq. ft. to 7.31 million sq. ft. during the quarter.
§ Revenue per square feet remained stable at ₹ 115 per month in Q3 FY19, despite significant warehouse capacity expansion during the year. FSC has added 2.7 million sq. ft. during nine months ending December 31, 2018.
§ In January 2019, FSC announced launch of the India Food Grid, a network of multiple Integrated Food Distribution Centres (IFDC) across the length and breadth of the country that will redefine the Food & FMCG supply chain in India. The India Food Grid will provide pan-India distribution reach, right from the manufacturing hubs till the points of consumption.
Key Standalone Financials:
§ Revenue from operations grew 43.2% year on year to ₹ 3,326 million.
§ EBITDA grew 50.6% year on year to ₹ 347 million.
§ PAT grew 56.7% year on year to ₹ 197 million.
Commenting on the results and the business outlook, Mayur Toshniwal, Managing Director of FSC said “I am pleased to share that this has been a great quarter for FSC with both revenue and profit growth surpassing expectations. The strong momentum continued in new client acquisitions, thereby further consolidating our position as one of the fastest growing logistics solution provider in India. In the coming months, we will be implementing newer technologies and increase the use of automation in our operations, such as robotics and voice picking. This will further drive our business intelligence and create value for our stakeholders and customers.”