FSC reports over 40% jump in quarterly revenue

Future Supply Chain Solutions (FSC), the logistics arm of the domestic retail giant Future Group, has posted 43.2 percent jump in its revenue in the quarter ending December 31st, 2018. During the period, the company earned a revenue of Rs 332.6 crore as against Rs 232.3 crore in the same quarter in the previous fiscal. Its net profit also rose by 57 percent in December, 2018 quarter – Rs 19.7 crore from Rs 12.6 crore in the corresponding quarter last year. The company has also mentioned its total warehousing area going up by a staggering 68 percent crossing 7 million square feet mark.

“This has been a great quarter for FSC, with both revenue and profit growth surpassing expectations. The strong momentum continued in new client acquisitions, thereby further consolidating our position as one of the fastest growing logistics solution provider in India,” said Mayur Toshniwal, Managing Director, FSC.

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