Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015, we hereby submit the Financial Results for the half year and year ended 31st March 2025 along with the Independent Auditors'' Report.
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Cargosol Logistics, a logistics and freight forwarding company listed on BSE (Scrip 543621), filed its audited FY25 results showing a clear turnaround. Standalone revenue from operations rose to ₹13,200.24 lakhs from ₹11,354.87 lakhs (~16% growth). Profit before tax swung from a loss of ₹485.15 lakhs in FY24 to a profit of ₹22.20 lakhs in FY25, while standalone PAT improved from a loss of ₹362.74 lakhs to a small profit of ₹12.39 lakhs. The second half of FY25 was particularly strong, with H2 revenue of ₹6,080.49 lakhs and H2 PAT of ₹120.27 lakhs versus a loss of ₹422.82 lakhs in H2 FY24. On a consolidated basis, including subsidiary Cargosol Shipping Agency and associate Cargosol LLC, PAT came in at ₹5.96 lakhs versus a loss of ₹426.82 lakhs, dragged by a ₹6.43 lakh share of associate loss. Operating cash flow turned sharply positive at ₹533.67 lakhs (vs negative ₹40.92 lakhs in FY24), and the company repaid ₹336.84 lakhs of borrowings during the year. Auditor T M R & Associates LLP issued an unqualified (clean) opinion on both sets of results.
This is a turnaround story for shareholders — the company moved from a sizeable loss in FY24 to a slim profit in FY25, with revenue growth of ~16% and a meaningful improvement in operating cash flow. However, absolute profits remain thin (especially at the consolidated level where the associate loss nearly wiped out standalone earnings), so the stock is more of a recovery/turnaround bet than a high-growth play. Debt levels remain elevated (debt/equity ~1.25x) and margins are still modest, so sustainability of the profit recovery will be the key thing to watch.