Transindia Real Estate Limited has announced its financial results for the quarter ended March, 2024. It reported EBITDA of 54 crores FY24; H2FY24 debt stood at 58 crores.
Jatin Chokshi, Managing Director, Transindia Real Estate Limited said, “We are delighted to share our financials for the year ending March 2024, demonstrating strong profitability and cashflows. The recent divestments of our completed warehousing portfolio have helped us improve our liquidity and reduce debt. We have a strong pipeline of the new projects and this liquidity would facilitate development of new world class logistics assets across micro-markets”
Transindia Real Estate Limited is one of the key players in the real estate, warehousing, and commercial logistics space in India. The organization has a nationwide footprint of world-class facilities, and its business spans developing, maintaining, and leasing logistics assets to help businesses expand and simplify their global and domestic supply chains. Formerly a division of Allcargo Logistics Limited, Transindia Real Estate Limited is now an independent entity and Allcargo Group company, with capabilities to create synergies for single-window, end-to-end logistics. Transindia Real Estate Limited listed on BSE Limited {Scrip Code – 543955} and The National Stock Exchange of India Limited {Scrip Code - TREL}.
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