Patel Integrated Logistics, India’s first organization to be registered as a Multimodal Transport Operator, registered a 40 percent rise in its Revenue while the net profits were up by a staggering 237% on a Y-o-Y basis. Sequentially, the sales were up by 10% while the net profit fell by 48% on accounts of rising expenses.
Subsequently, total volume increased by 37% YoY to 13,349 tones. Meanwhile the Aviation sector is now quickly reaching the growth cycle of the pre-pandemic level paving an opportunity for growth in the overall business. The Government is putting a lot of thrust in the aviation sector which in turn is boosting the air freight logistics industry as well.
The Number of airports will be increasing from 140 to 220 which will enable the Company to have its presence in more airports. Consequently, cargo space available will also increase. The New airline, Akasa Air starting its operation as well as Jet Airways is resuming its operations will augment business growth. With Air India being privatized , there will be a lot of synergy between Vistara, Air Asia, and Air India giving an overall boost to the cargo sector. The Additional passenger aircrafts are increasing day by day giving additional belly capacity for air cargo.