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Zeal Global Services Reports 101 Percent Growth in H1 FY25 Consol. Net Profit

By IPRIn Press ReleasePosted

Mumbai (Maharashtra) [India] November 18: Zeal Global Services Limited (NSE- ZEAL) one of the prominent players in India’s cargo General Sales and Service Agent (GSSA) industry. Known for its commitment to innovation and service excellence has announced its Unaudited H1 FY25 results.

Key Consolidated Financial Highlights H1 FY25

  • Total Income of ₹ 172.46 Cr, YoY growth of 81.93%
  • EBITDA of ₹ 14.60 Cr, YoY growth of 79.68%
  • Reported Net Profit of ₹ 9.19 Cr, YoY growth of 100.86%
  • Net Profit Margin of 5.33%, YoY growth of 50 Bps
  • EPS of ₹ 6.92, YoY growth of 63.21%

Commenting on the Financial Performance, Mr. Vishal Sharma, Managing Director said, ” The cargo industry has proven lucrative with rising demand, and we have seized this opportunity, delivering a strong H1 FY25 performance with 82% topline growth and more than doubling our net profit. Additionally, the introduction of passenger flights from Bombay last year has further contributed to our growth. Achieving nearly 90% of FY24’s revenue and 80% of net profit within just half the year demonstrates a strong upward trajectory, positioning us favourably for the remainder of the fiscal year.

Additionally, with new partnerships and a recently incorporated subsidiary in the UAE, we are poised to enter new markets and unlock substantial opportunities. Leveraging our extensive global network and deep local expertise, we are focused on delivering innovative solutions tailored to the evolving needs of our clients.

Our strategic focus on talent management and process optimization continues to drive efficiency, enhance customer satisfaction, and expand our customer base. Looking ahead, we are actively working on increasing our international footprint, which we believe is crucial for sustained growth and for seizing new market opportunities that lie ahead.”

Key Operational Highlights

Signed GSSA Agreement with South African Airways for Expanded Cargo Operations
  • The company entered into a General Sales and Service AgencyAgreement with South African Airways (SAA).
  • SAA Cargo, the airfreight division of SAA, operates an extensive global distribution network connecting South Africa to key markets in Africa, Asia Pacific, Europe, South America, the UK, and the USA.
  • This partnership provides Zeal with access to SAA’s network and infrastructure, including major cargo terminals in South Africa.
  • The company aims to leverage this agreement to boost its cargo operations across the African region.
Incorporated a Subsidiary in UAE
  • On September 4, 2024, Zeal established a wholly-owned subsidiary named Zeal Global Services L.L.C-FZ in the UAE.
  • The subsidiary will focus on business operations in the cargo segment, as well as passenger segment, subject to required approvals and permissions in line with UAE laws.
  • Zeal will made an initial capital contribution of AED 15 lakh as share capital in this new subsidiary.

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