Published on Feb 08, 2019
By Apn News
Mumbai: Future Supply Chain Solutions Limited (FSC or the Company), a leading third-party supply chain solutions specialist and logistics service provider, today announced its results for the quarter ended December 31, 2018.
Key Operating Highlights:
Key Standalone Financials:
Commenting on the results and the business outlook, Mayur Toshniwal, Managing Director of FSC said “I am pleased to share that 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. In the coming months, we will be implementing newer technologies and increase the use of automation in our operations, such as robotics and voice picking. This will further drive our business intelligence and create value for our stakeholders and customers.”
Q3 FY19 Financial & Operational Performance
India Food Grid: Redefining Food & FMCG Supply Chain in India
FSC has identified 38 locations across the country, based on a comprehensive study, which will be developed into large food and FMCG distribution centres completing the jigsaw puzzle of making one India Food Grid. Consumer products will get distributed from an IFDC to retail stores in a radius of up to 225 kms. In this journey, the life of each retail store serviced by India Food Grid would be simplified and they would focus on serving customers for their entire food and FMCG needs. This will help improve overall supply chain efficiencies, lead to better inventory management and help increase availability of consumer products at locations where the demand is. With the development of FSC India Food Grid, stock availability and visibility will be ensured at all times, consumer will get fresh products faster and there will be reduction in the inventory holding at the DC.
Forward Looking Statements
This report contains forward looking statements, which may be identified by their use of words like ‘plans’, ‘expects’, ‘will’, ‘anticipates’, ‘believes’, ‘intends’, ‘projects’, ‘estimates’, or other words of similar meaning. All statements that address expectations or projections about the future, including but not limited to statements about the Company’s strategy for growth, product development, market position, expenditures, and financial results are forward looking statements. Forward looking statements are based on certain assumptions and expectations of future events. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The Company’s actual results, performance or achievements could thus differ materially from those projected in any such forward looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events.