Zeal Global Services Limited — Updates, 16-11-2024: Press Release

Zeal Global Services Limited has reported a remarkable 101% growth in consolidated net profit for H1 FY25, reaching ₹9.19 Cr, up from ₹4.58 Cr in H1 FY24. The total income surged by 81.93%, hitting ₹172.46 Cr, while EBITDA rose by 79.68% to ₹14.60 Cr. The net profit margin also improved to 5.33%, showcasing strong operational efficiency.

The Managing Director highlighted that the cargo industry's rising demand significantly contributed to this performance, with nearly 90% of FY24’s revenue generated within just six months. The introduction of passenger flights and new partnerships, including a General Sales and Service Agency Agreement with South African Airways, positions Zeal for substantial growth, especially in the African market.

Furthermore, Zeal has established a wholly-owned subsidiary in the UAE, aimed at expanding its business operations in the cargo and passenger segments, reflecting a positive outlook for future endeavors. As Zeal continues to leverage its global network and optimize processes, it is well-poised to capitalize on emerging opportunities within the logistics sector.