Lancer Container Lines Ltd one of the leading integrated Shipping and Logistics solution providers in India has entered an agreement with a prominent Indonesian company, P.T. Map Trans Logistic, Surabaya, to lease 10,000 TEUs.
The agreement was signed in the presence of Mr. Khalik Chataiwala, Managing Director of Lancer Container Lines Limited, and Mr. Praful Jha, Director of P.T. Map Trans Logistic, Surabaya.The management at Lancer Containers Lines Limited view this strategic partnership as a step forward in increasing leasing activities thereby helping the company to expand its business and enhance shareholder’s value. This partnership is expected to positively impact the company’s financial performance, leading to overall growth resulting in strengthening of its market position.
Earlier, the company had announced its mega expansion plans for the next few years. Company aims to expand its TEU capacity to 45,000 by FY26 from nearly 20,000 in FY24 and intends to steadily grow its container inventory by incorporating 200-300 containers each month to meet rising demand. Company aims to become a fully integrated service provider, and is actively exploring opportunities to purchase a new vessel. The measures are expected to yield healthy revenue and margin growth in the coming years.
Mr. Abdul Khalik Chataiwala, Chairman and Managing Director, said, “Our focused efforts on expanding our container fleet and optimizing our service routes have led to a significant rise in the number of containers handled. Company’s expanded container fleet now stands at 22,707 TEUs. This growth highlights our strategic investments in fleet expansion and logistics optimization, demonstrating our ability to meet the increasing demands of global trade. The company is expanding its reach by exploring new trade routes and transporting containers to multiple destinations where there is demand for cargo. Our strategic plan is centered around significant investments in expanding our fleet, enhancing infrastructure, and advancing technology. These initiatives are geared towards leveraging the expected growth in global trade and maritime logistics, positioning us for sustainable, long-term success by FY26.
Company reported revenue of Rs. 172.4 crore, EBITDA of Rs. 15.91 crore and Net Profit of Rs. 12.1 crore in Q1FY25. For the FY24, company has reported total revenue of Rs. 646.8 crore, EBITDA of Rs. 88.1 crore (EBITDA Margin 13.9%) and Net Profit of Rs. 58.3 crore (PAT Margin 9.2%). EBITDA and PAT margin rise of 320 bps and 280 bps respectively in FY24 highlights improvement in operational and financial matrix of the company.