East West Freight Carriers Secures Major Contracts, Projecting Revenue Boost

East West Freight Carriers Limited (EWFCL) has recently inked multiple high-value contracts, signaling strong growth potential. The company renewed its service agreement with Universal Mining & Chemical Industries Ltd (UMCIL) for 2025, expecting to generate ₹50-75 million in revenue. Additionally, EWFCL secured a contract with A. Raymonds, a global fastening solutions leader, projected to bring in ₹50 million. These deals, along with a service contract with Columbia Transport S.R.L. Italy, are set to significantly boost EWFCL's financial performance. The company's Q1FY25 results already show a 69% increase in net sales to ₹92.73 crore, with net profit surging by 1,650%.

 

Sources: BSE Filings, MarketScreener, DSIJ