"WE SERVE
Dear Valued Shareholders,
I am honored to present our first annual report following the successful listing of
Premier Roadlines Limited on the National Stock Exchange of India Limited on May 17, 2024.
This milestone is a significant achievement for our company and reflects our commitment to
excellence in serving the Indian logistics industry for over 40 years. As we embark on
this exciting journey, I want to express my deepest gratitude to each of you for your
trust and support.
At Premier Roadlines, we have continuously evolved as logistics providers, adhering to
diverse HSSE (Health, Safety, Security, and Environment) protocols. Our unwavering
dedication to superior service has enabled us to build a diversified and reputable
clientele, serving marquee clients across various sectors. Premier Roadlines specializes
in surface transportation services. We cater primarily to business-to-business (B2B)
clients, providing comprehensive logistics services that include: Project Logistics, Over
Dimensional/ Over- weight, Contracted Integrated Logistics Services and General Logistics.
Our extensive network includes 28 branch offices strategically located in major cities
such as Delhi, Mumbai, Bengaluru, and Chennai. This allows us to provide seamless service
across the country. Some of our esteemed clients include KEC International Limited, Tata
Power, and L&T, among others. The long-standing relationships we have fostered with
our customers have been instrumental in our business expansion and operational growth.
We recognize the importance of technological infrastructure in enhancing our
operations. Our robust ERP system facilitates seamless outsourcing of large fleets from
small third- party operators. Each vehicle is equipped with GPS tracking software,
providing real-time visibility to our customers. Moving forward, we plan to expand our
technological capabilities to streamline large-scale activities and ensure environmentally
conscious logistics operations.
Our recent IPO, which took place from May 10 to May 14, 2024, raised Rs 40.36 Crores by
offering shares in the price band of ^63 to ^67. The IPO was well-received, with a
significant subscription across all investor categories, reflecting the market's
confidence in our growth potential. The funds raised will be utilized for several key
initiatives like Vehicle Acquisition, Debt Repayment, Working Capital Needs and for
General Corporate Purposes.
The Indian logistics industry is set for robust growth, driven by a combination of
economic expansion, significant government investments in infrastructure, and the rapid
rise of e-commerce. With a projected GDP growth rate of 9-10%, the demand for logistics
services is expected to increase as businesses expand. Government initiatives like
"Make in India" and the implementation of GST are simplifying regulations and
attracting foreign investment. Additionally, advancements in technology, including AI and
IoT, are transforming operations, enhancing efficiency, and improving real-time tracking.
Rising consumer demand for faster and more reliable services, coupled with a focus on
sustainability and job creation, further positions the logistics sector for success in the
coming years.
As we embark on this exhilarating journey, our unwavering dedication to you, our
esteemed shareholders, remains resolute. Our future goals include expanding client base,
enhancing technological integration and diversifying service offerings. We anticipate
robust growth in the coming year, driven by our strategic initiatives and the overall
growth of the logistics sector.
We are pleased to report a successful financial year 2023-24. The company achieved
total income of Rs 229 Crores, marking a 19% year- over-year increase, with an EBITDA of
Rs 21 Crores (a 61% YoY increase) and a profit after tax of Rs 13 Crores (a 75% YoY
increase). Our strategic efforts in FY 2023-24 enabled us to fulfill 26,460 orders for 940
customers in FY24. We are optimistic about the future and are implementing strategic
actions to further enhance our financial performance.
Thank you for your continued trust and support. We look forward to growing together,
exploring new opportunities, and advancing the logistics industry. With our technology and
dedicated team, we are ready for sustainable and profitable growth.
Thank you for your trust and commitment.
| Warm regards, |
| Virender Gupta |
| Chairman & Managing Director |