Shree OSFM E-Mobility Limited — Updates, 13-11-2024: Press Release

Shree OSFM E-Mobility Limited reported a remarkable 115% surge in net profit for H1 FY25, reaching ₹4.78 crore, up from ₹2.23 crore in H1 FY24. This strong performance was supported by a 23.08% increase in total revenue to ₹68.89 crore and an EBITDA of ₹9.18 crore, reflecting a 24.31% increase year-on-year. The company maintained a stable EBITDA margin of 13.33%.

Chairman Nitin Bhagirath Shanbhag highlighted the growing demand for efficient corporate transportation services in India, positioning the company for continuous growth. With over 2,700 vehicles in its fleet and a strategic asset-light model, Shree OSFM aims to enhance operational efficiency, expand fleet partnerships, and leverage digital advancements for better route optimization and client engagement, indicating a positive outlook for the future. Investors should watch closely as the company builds on its reliable service excellence and robust client relationships to sustain growth momentum.