Jet Freight (543420) Dec 2024 Filing Analysis

The commitment was made for a 3-5 year horizon starting from late 2024/early 2025. In FY25, Air Freight volumes saw a slight decline from 24,834 Tons to 23,157 Tons, while Ocean Freight also dipped. The long-term target remains active in the 'Way Forward' section. (1 not yet due across 1 tracked commitment)

Management continues to emphasize the transition from 2PL to 4PL and scaling up Ocean Freight operations as a core part of their 'Way Forward' strategy. While specific volume growth in Ocean Freight for FY25 was not explicitly detailed as a success metric compared to the prior year, it remains a primary strategic pillar. (2 in progress across 2 tracked commitments)

Air Freight volumes have expanded significantly, reaching 24,834 tons in FY24 from 21,160 tons in FY23. In the most recent half-year (H1FY25), revenue grew 13.6% YoY, and EBITDA margins improved to 3.0% from a negative (0.4%) in the prior year period. (5 expanding)

The company is transitioning from a 2PL (Second-Party Logistics) provider to a 4PL (Fourth-Party Logistics) provider, aiming for seamless supply chain integration and higher-value service offerings. (2 shifted, 3 expanding)