Home > Investors Area > Press Releases Press Releases   Mr. Vinay Kshirsagar makes it yet again to CFO Roll Of Honour for the year 2012 (Size - 123 KB) - Source: www.cfoinstitute.com   Mr. Vinay Kshirsagar's Interview on CNBC - 03rd February 2012   (Size - 35.2 KB)     Shreyas Shipping Q3 revenues up by 46% -   Shreyas Shipping & Logistics Limited, a multi-modal Logistics & Shipping Company, announced its unaudited financial results for the quarter and period ended 31st December, 2011 today. Financial highlights: The Company has during the quarter ended December, 2011 posted revenue of Rs. 77.07 crores against Rs. 48.57 crores during the quarter ended December, 2010 thus registering a growth of over 58%. The increase in revenue can be attributed to mainly the following factors : 1. The Company has during the quarter acquired additional tonnage on time charter. This has boosted the turnover of the Company. 2. The wholly owned subsidiary of Shreyas Relay Systems Limited (SRS) has commenced the land and rail logistics business and this has augmented the revenue substantially. The total expenditure increased from Rs. 65.76 crores to Rs. 76.11 crores. Amongst the total expenditure, the fuel consumption cost has increased in particular. The fuel oil cost has moved up by over 11%. This increase is on account of the fuel oil prices which were the highest in the month of December during the calendar year 2011. Although the top line has improved by deploying additional tonnage, the Company has faced several technical issues resulting in additional costs and voyage interruptions. This has resulted in increased costs. These vessels have now been off hired by the Company. As SRS moves ahead with its new road and rail logistics, it requires to set up infrastructure at various places like offices, additional manpower to support these ventures. This has resulted in increased costs to the Company. However these costs will facilitate better profits and revenues for the future business. SRS is a wholly owned subsidiary which is a logistics company. It has commenced road and rail logistics. SRS also has a subsidiary which is in the business of air freight forwarding. SRS has now ventured into various segments of logistics and has evolved as a complete logistics company. In order to enable SRS grow further as an independent logistics company, it has been decided by the Board to segregate the business of shipping and logistics. This can be done by initiating the process of demerger between the shipping and logistics company. About Shreyas Shipping & Logistics: Shreyas Shipping & Logistics, a BSE & NSE listed multi-modal logistics and shipping company. Set up in 1994 to own and operate vessels for containers feeder operations between Indian ports and international container trans-shipment ports, it has now diversified into providing land and rail logistics. Shreyas Relay Systems Ltd, a wholly-owned subsidiary, takes care of the landside operations. Shreyas is a part of Transworld Group, which has over 30 years of experience in the shipping industry. Shreyas is the first Indian private sector container feeder operator and first Indian shipping company to be accorded the ISO 9001: 2008 certification for container ship and feeder service management. The Company currently owns and operates three container vessels and one multi purpose vessel. It maintains technically safe-n-sound fleet providing safety of employment to seamen, reduced cost of operations and adheres to corporate governance norms which gives it a competitive advantage. SSLL has been re-certified by DNV Quality Registrar in accordance with the Standard ISO 9001:2008 and has recently won the award as “Shipping Line of the Year – Costal Operator” at the Maritime And Logistics Awards 2011 organized by Exim India.   Mr. Vinay Kshirsagar's Interview on Z Business - 26th September 2011. (Size - 35.2 KB)     Mr. Vinay Kshirsagar's Interview on CNBC - 21st September 2011   (Size - 35.2 KB)     "Shreyas Banks on Logistics" the Article Published in TradeWinds Magazine on 29th July 2011 (Size - 212 KB) -   Mr. Vinay Kshirsagar's Interview on ZEE Business - 27th July 2011   (Size - 35.2 KB)     Shreyas Shipping Announces its FY11-12 Q1 Results on July 2011 (Size - 125 KB) -   Diversification Helps Companies to Tide Over (Size - 2.38 MB) -   Shreyas to cross 100% over topline within a year says Mr. Vinay Kshirsagar to Economic times (Size - 537 KB) -   Mr. Vinay Kshirsagar's Interview on CNBC - 26th May 2011   (Size - 35.2 KB)     Shreyas Shipping has turnaround, posts over Rs. 12.78 crores PAT for FY 11', against a loss of Rs. 15.71 crores for FY 10' (Size - 113 KB) -   CFO India awards Mr. Vinay Kshirsagar for Exceptional contribution to Corporate  Finance (Size - 48.1 KB) -   Shreyas Shipping Q3 revenues up by 46% - Business Standard   Announcement / Corporate January 25, 2011, 19:23 IST    Q3 Net Profit touched Rs. 452.71 lacs as against the Net Loss of Rs. 5.02 crore in Q3 last year    Company posted Net Profits of Rs. 1101.50 lacs for the nine months ended 31st December, 2010 against Net Loss of Rs. 1318.62 lacs for the corresponding period of the previous year Shreyas Shipping & Logistics Limited, a multi-modal Logistics & Shipping Company, announced its unaudited financial results for the quarter and period ended 31st December, 2010 today. Financial highlights: The Company after the successful re-alignment of its business strategy; with a complete focus on offering integrated logistics solutions has witnessed healthy growth in the business during third quarter Shreyas posted a robust growth in revenues of Rs. 4921.90 lacs for the quarter ended 31st December, 2010 over the corresponding quarter of the previous year of Rs. 3379.60 lacs thus registering a growth of 46%. The Net Profit for the quarter ended 31st December, 2010 increased to Rs. 452.71 lacs while the Net Loss for the quarter ended 31st December, 2009 was Rs. 477.10 lacs. The Company has posted Net Profits of Rs. 1101.50 lacs for the nine months ended 31st December, 2010 against Net Loss of Rs. 1318.62 lacs for the corresponding period of the previous year. From this, it can be easily ascertained that there was a swing of Rs. 24.21 crores in the profitability. Commenting on the performance of the third quarter, Mr. S. Ramakrishnan, Chairman & Managing Director, Shreyas Shipping & Logistics Limited said "We have widened our scope and positioned ourselves as a Lead Logistics Player in the Indian logistics segment. In this regard, we have taken various initiatives like participation in road transport segment by acquiring cutting edge technology trailers, contracted vehicles and evaluating specially designed vehicles to carry automobiles. To strengthen our reach we are in discussing various options to co operate with players in the rail segment to carry cargo thereby offering multiple options to our customers. We have set up general warehouses in strategic locations thereby providing consolidation points for cargo. We will be further enhancing our presence in all above segments. Our long term vision is to sustain the performance and provide high-quality logistics solutions to our stakeholders" He further adds that "Shreyas strongly believes in creation and maximization of wealth for all its stakeholders. We will continue our path for a better tomorrow." Developments during the quarter ended December 31, 2010 During the quarter, company through its wholly owned subsidiary Shreyas Relay Systems Limited (SRS) has signed a Memorandum of Understanding for acquisition of 50 trailers. Shreyas Shipping has forayed into the coastal bulk shipping operations with the deployment of M.V. Unity, Indian flag coastal bulk vessel. Shreyas has also sealed an agreement for a warehouse and domestic cargo distribution center at Tuticorin. The company has also firmed up plans for establishing similar facilities at Mundra and Cochin. The company declared interim dividend on its equity shares @ Re. 0.50/- (i.e. 5.00%) and on its preference shares @ Rs. 9.50/- (i.e. 9.50%). About Shreyas Shipping & Logistics: Shreyas Shipping & Logistics, a BSE & NSE listed multi-modal logistics and shipping company. Set up in 1994 to own and operate vessels for containers feeder operations between Indian ports and international container trans-shipment ports, it has now diversified into providing logistics, transportation, warehousing, distribution and small parcel services. Shreyas Relay Systems Ltd, a wholly-owned subsidiary, takes care of the landside operations. Shreyas is a part of Transworld Group, which has over 25 years of experience in the shipping industry. Shreyas is the first Indian private sector container feeder operator and first Indian shipping company to be accorded the ISO 9001: 2008 certification for container ship and feeder service management. The company currently owns and operates three container vessels and one bulk vessel. It maintains technically safe-n-sound fleet providing safety of employment to seamen, reduced cost of operations and adheres to corporate governance norms which gives it a competitive advantage. SSLL has been re-certified by DNV Quality Registrar in accordance with the Standard ISO 9001:2008 and has recently won the award as "Shipping Line of the Year - Coastal Operator" at the Maritime And Logistics Awards 2010 organized by Exim India. Source: Business Standard   Shreyas Shipping Q3 revenues up by 46% - India Infoline   India Infoline News Service / Jan 25, 2011, 19:10 IST The Company has posted Net Profits of Rs. 1101.50 lacs for the nine months ended 31st December, 2010 against Net Loss of Rs. 1318.62 lacs for the corresponding period of the previous year. Shreyas Shipping & Logistics Limited, a multi-modal Logistics & Shipping Company, announced its unaudited financial results for the quarter and period ended 31st December, 2010 today. Financial highlights: The Company after the successful re-alignment of its business strategy; with a complete focus on offering integrated logistics solutions has witnessed healthy growth in the business during third quarter Shreyas posted a robust growth in revenues of Rs. 4921.90 lacs for the quarter ended 31st December, 2010 over the corresponding quarter of the previous year of Rs. 3379.60 lacs thus registering a growth of 46%. The Net Profit for the quarter ended 31st December, 2010 increased to Rs. 452.71 lacs while the Net Loss for the quarter ended 31st December, 2009 was Rs. 477.10 lacs. The Company has posted Net Profits of Rs. 1101.50 lacs for the nine months ended 31st December, 2010 against Net Loss of Rs. 1318.62 lacs for the corresponding period of the previous year. From this, it can be easily ascertained that there was a swing of Rs. 24.21 crores in the profitability. Commenting on the performance of the third quarter, S. Ramakrishnan, Chairman & Managing Director, Shreyas Shipping & Logistics Limited said “We have widened our scope and positioned ourselves as a Lead Logistics Player in the Indian logistics segment. In this regard, we have taken various initiatives like participation in road transport segment by acquiring cutting edge technology trailers, contracted vehicles and evaluating specially designed vehicles to carry automobiles. To strengthen our reach we are in discussing various options to co operate with players in the rail segment to carry cargo thereby offering multiple options to our customers. We have set up general warehouses in strategic locations thereby providing consolidation points for cargo. We will be further enhancing our presence in all above segments. Our long term vision is to sustain the performance and provide high-quality logistics solutions to our stakeholders" He further adds that “Shreyas strongly believes in creation and maximization of wealth for all its stakeholders. We will continue our path for a better tomorrow.” Developments during the quarter ended December 31, 2010 During the quarter, company through its wholly owned subsidiary Shreyas Relay Systems Limited (SRS) has signed a Memorandum of Understanding for acquisition of 50 trailers. Shreyas Shipping has forayed into the coastal bulk shipping operations with the deployment of M.V. Unity, Indian flag coastal bulk vessel. Shreyas has also sealed an agreement for a warehouse and domestic cargo distribution center at Tuticorin. The company has also firmed up plans for establishing similar facilities at Mundra and Cochin. The company declared interim dividend on its equity shares @ Re. 0.50/- (i.e. 5.00%) and on its preference shares @ Rs. 9.50/- (i.e. 9.50%). Source: India Infoline   Shreyas Shipping Q3 net profit at Rs 4.5cr - Financial Express   Financial Express / January 25, 2011 Shreyas Shipping and Logistics on Tuesday reported a profit of Rs 4.52 crore for the quarter ended December 31, 2010 as against a loss of Rs 6.02 crore in same quarter last year. Its revenue for the quarter under review stood at Rs 46.57 crore as compared to Rs 33.32 crore in December 2009 quarter, up 40%. "We have widened our scope and positioned ourselves as a logistics player in the Indian logistics segment. To strengthen our reach we are in discussing various options to co operate with players in the rail segment to carry cargo thereby offering multiple options to our customers. We have set up general warehouses in strategic locations thereby providing consolidation points for cargo." Source: Financial Express Editions: Mumbai, Delhi, Hyderabad, Bangalore, Ahmedabad, Kolkata, Chennai.     Shreyas Shipping Q3 revenues up by 46% - Indian Logistics News   Indian Logistics / January 25, 2011 Shreyas Shipping & Logistics Limited, a multi-modal Logistics & Shipping Company, announced its unaudited financial results for the quarter and period ended 31st December, 2010. The Company after the successful re-alignment of its business strategy; with a complete focus on offering integrated logistics solutions has witnessed healthy growth in the business during third quarter Shreyas posted a robust growth in revenues of Rs. 4921.90 lacs for the quarter ended 31st December, 2010 over the corresponding quarter of the previous year of Rs. 3379.60 lacs thus registering a growth of 46%. Source: India Logistics News   Shreyas Shipping Q3 revenues up by 46% - Port News   Port News / January 26, 2011, 10:02 IST Shreyas Shipping & Logistics Limited, a multi-modal Logistics & Shipping Company, announced its unaudited financial results for the quarter and period ended 31st December, 2010 yesterday. The Company after the successful re-alignment of its business strategy; with a complete focus on offering integrated logistics solutions has witnessed healthy growth in the business during third quarter Shreyas posted a robust growth in revenues of Rs. 4921.90 lacs for the quarter ended 31st December, 2010 over the corresponding quarter of the previous year of Rs. 3379.60 lacs thus registering a growth of 46%. The Net Profit for the quarter ended 31st December, 2010 increased to Rs. 452.71 lacs while the Net Loss for the quarter ended 31st December, 2009 was Rs. 477.10 lacs. The Company has posted Net Profits of Rs. 1101.50 lacs for the nine months ended 31st December, 2010 against Net Loss of Rs. 1318.62 lacs for the corresponding period of the previous year. From this, it can be easily ascertained that there was a swing of Rs. 24.21 crores in the profitability. Commenting on the performance of the third quarter, Mr. S. Ramakrishnan, Chairman & Managing Director, Shreyas Shipping & Logistics Limited said " We have widened our scope and positioned ourselves as a Lead Logistics Player in the Indian logistics segment. In this regard, we have taken various initiatives like participation in road transport segment by acquiring cutting edge technology trailers, contracted vehicles and evaluating specially designed vehicles to carry automobiles. To strengthen our reach we are in discussing various options to co operate with players in the rail segment to carry cargo thereby offering multiple options to our customers. We have set up general warehouses in strategic locations thereby providing consolidation points for cargo. We will be further enhancing our presence in all above segments. Our long term vision is to sustain the performance and provide high-quality logistics solutions to our stakeholders" He further adds that "Shreyas strongly believes in creation and maximization of wealth for all its stakeholders. We will continue our path for a better tomorrow." Developments during the quarter ended December 31, 2010 During the quarter, company through its wholly owned subsidiary Shreyas Relay Systems Limited (SRS) has signed a Memorandum of Understanding for acquisition of 50 trailers. Shreyas Shipping has forayed into the coastal bulk shipping operations with the deployment of M.V. Unity, Indian flag coastal bulk vessel. Shreyas has also sealed an agreement for a warehouse and domestic cargo distribution center at Tuticorin. The company has also firmed up plans for establishing similar facilities at Mundra and Cochin. The company declared interim dividend on its equity shares @ Re. 0.50/- (i.e. 5.00%) and on its preference shares @ Rs. 9.50/- (i.e. 9.50%). Shreyas Shipping & Logistics, a BSE & NSE listed multi-modal logistics and shipping company. Set up in 1994 to own and operate vessels for containers feeder operations between Indian ports and international container trans-shipment ports, it has now diversified into providing logistics, transportation, warehousing, distribution and small parcel services. Shreyas Relay Systems Ltd, a wholly-owned subsidiary, takes care of the landside operations. Shreyas is a part of Transworld Group, which has over 25 years of experience in the shipping industry. Shreyas is the first Indian private sector container feeder operator and first Indian shipping company to be accorded the ISO 9001: 2008 certification for container ship and feeder service management. The company currently owns and operates three container vessels and one bulk vessel. It maintains technically safe-n-sound fleet providing safety of employment to seamen, reduced cost of operations and adheres to corporate governance norms which gives it a competitive advantage. SSLL has been re-certified by DNV Quality Registrar in accordance with the Standard ISO 9001:2008 and has recently won the award as "Shipping Line of the Year - Coastal Operator" at the Maritime And Logistics Awards 2010 organized by Exim India. Source: Port News   Shreyas Shipping Q3 revenues up by 46% - One India   One India / Jan 25, 2011, 18:57 IST Shreyas Shipping & Logistics Ltd has informed BSE regarding a Press Release dated January 25, 2011 titled "Shreyas Shipping Q3 revenues up by 46%". Source: One India   Shreyas Shipping Q3 net profit at Rs 4.5cr - MSN   MSN / Jan 26, 2011 Shreyas Shipping and Logistics on Tuesday reported a profit of Rs 4.52 crore for the quarter ended December 31, 2010 as against a loss of Rs 6.02 crore in same quarter last year. Its revenue for the quarter under review stood at Rs 46.57 crore as compared to Rs 33.32 crore in December 2009 quarter, up 40%. "We have widened our scope and positioned ourselves as a logistics player in the Indian logistics segment. To strengthen our reach we are in discussing various options to co operate with players in the rail segment to carry cargo thereby offering multiple options to our customers. We have set up general warehouses in strategic locations thereby providing consolidation points for cargo." Source: MSN   Shreyas Shipping Q3 revenues up by 46% - Money Control   Money Control / Jan 25, 2011, 19:03 IST Shreyas Shipping - Results Press Release   Shreyas Shipping & Logistics Ltd. has informed BSE regarding a Press Release dated January 25, 2011 titled "Shreyas Shipping Q3 revenues up by 46%". Source: Money Control   Shreyas Shipping sets sail after turnaround Q3 results - Indi Trade   Indi Trade / Jan 27, 2011 Shreyas Shipping & Logistics was locked at 10% upper limit at Rs 43.15 at 11:54 IST on BSE, after the company reported consolidated net profit of Rs 4.53 crore for Q3 December 2010 compared with a net loss of Rs 5.03 crore in Q3 December 2009. The company declared the results after market hours on Tuesday, 25 January 2011. The stock market was closed on Wednesday, 26 January 2011 on account of Republic day. Meanwhile, the BSE Sensex was down 48.95 points, or 0.2%, to 18,920.50. On BSE, 16,111 shares were traded in the counter compared with the average daily volume of 5,823 shares in the past one quarter. The stock hit a high of Rs 43.15 and a low of Rs 40.05 so far during the day. The stock had hit a 52-week high of Rs 58.85 on 11 October 2010 and a 52-week low of Rs 29.50 on 29 March 2010. The small-cap stock had outperformed the market over the past one month till 25 January 2011, gaining 4.03% compared with the Sensex's 5.50% fall. It had underperformed the market in past one quarter, falling 27.52% as against Sensex's decline of 6.57%. The company has an equity capital of Rs 21.96 crore. Face value per share is Rs 10. Net sales surged 40.7% to Rs 46.86 crore in Q3 December 2010 over Q3 December 2009. Source: Indi Trade   Shreyas Shipping sets sail after turnaround Q3 results - India Infoline   Capital Market / Jan 27, 2011, 11:55 Shreyas Shipping & Logistics was locked at 10% upper limit at Rs. 43.15 at 11:54 IST on BSE, after the company reported consolidated net profit of Rs. 4.53 crore for Q3 December 2010 compared with a net loss of Rs. 5.03 crore in Q3 December 2009. The company declared the results after market hours on Tuesday, 25 January 2011. The stock market was closed on Wednesday, 26 January 2011 on account of Republic day. Meanwhile, the BSE Sensex was down 48.95 points, or 0.2%, to 18,920.50. On BSE, 16,111 shares were traded in the counter compared with the average daily volume of 5,823 shares in the past one quarter. The stock hit a high of Rs. 43.15 and a low of Rs. 40.05 so far during the day. The stock had hit a 52-week high of Rs. 58.85 on 11 October 2010 and a 52-week low of Rs. 29.50 on 29 March 2010. The small-cap stock had outperformed the market over the past one month till 25 January 2011, gaining 4.03% compared with the Sensex's 5.50% fall. It had underperformed the market in past one quarter, falling 27.52% as against Sensex's decline of 6.57%. The company has an equity capital of Rs. 21.96 crore. Face value per share is Rs. 10. Net sales surged 40.7% to Rs. 46.86 crore in Q3 December 2010 over Q3 December 2009. Source: India Infoline   Mr. Vinay Kshirsagar's Interview on ZEE Business - Jan. 2011   (Size - 35.2 KB)     Mr. Vinay Kshirsagar's Interview on NDTV Profit - Jan. 2011   (Size - 35.2 KB)     Mr. Vinay Kshirsagar's Interview on ET NOW - Jan. 2011   (Size - 35.2 KB)     Shreyas Shipping places order for 50 trailers with Tata Motors   Shreyas Shipping & Logistics, a multi-modal, integrated logistics and shipping solutions provider, through its wholly owned subsidiary Shreyas Relay Systems (SRS) has signed a memorandum of understanding with Tata Motors for acquisition of 50 trailers. The company plans to invest Rs. 170 million at regular intervals for acquiring 50 trailers. The company mentioned that this is a part of plan to acquire 100 such trailers soon to emerge as India's preferred integrated logistics solutions provider. The trailers to be acquired by Tata Motors are new age vehicles with cutting-edge technologies. The fleets of trailers have GPS connectivity, providing real time information to the clients about cargo, container and other key aspects. Besides this, Shreyas has also sealed an agreement for a warehouse and domestic cargo distribution center at Tuticorin. The facility at Tuticorin will be operational within the next few weeks. Shreyas Shipping & Logistics has also firmed up plans for establishing similar facilities at Mundra and Cochin almost immediately. Shreyas, through the acquisition of trailers along with establishing warehouse and domestic cargo distribution centers at strategic locations, is supporting its forward integration initiatives with a vision of offering end-to-end logistics solutions to its customers. Commenting on the occasion, S. Ramakrishnan, chairman and managing director, Shreyas Shipping & Logistics said, "This is in-line with our long term vision of being the most reliable, integrated logistics solutions provider in the country. Tata Motors, a hallmark of reliability itself, is a perfect fit as our partner towards this. We look forward to a sustained relationship with one of India's most respected companies." Shares of the company declined Rs 2.25, or 4.81%, to settle at Rs 44.50. The total volume of shares traded was 11,753 at the BSE (Wednesday). Source: IRIS   Shreyas Presentation for the year 2010 (Size - 632 KB)     Press Release, 30th September, 2010 (Size - 74.5 KB)     Mr. Vinay Kshirsagar's Interview on ZEE Business - October 2010   (Size - 35.2 KB)     Mr. Vinay Kshirsagar's Interview on CNBC Awaaz - October 2010   (Size - 35.2 KB)     Mr. Vinay Kshirsagar's Interview on CNBC - October 2010   (Size - 35.2 KB)     Press Release, CNBC Interview - August 2010   (Size - 35.2 KB)     Press Release, CNBC Interview - August 2010   (Size - 35.2 KB)     Press Release, CNBC Interview - April 2009   (Size - 35.2 KB)     Press Release, 30th October, 2007 (Size - 90.4 KB)     Shreyas Shipping & Logistics Quarter-4 FY 2007 (Size - 97 KB)     Shreyas FY 2006-07 Profit Before tax increased by 34% (Size - 10.8 KB)     Shreyas announces East coast service (Size - 78.9 KB)     Shreyas Presentation for the year 2006 (Size - 2.08 MB)     Press Release, 21st February, 2006 (Size - 8.6 KB)     Press Release, 26th October 2005 (Size - 8.87 KB)     Press Release, 21st July, 2005 (Size - 9.50 KB)