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Q3FY19: Allcargo Logistics PAT soars 56.5 per cent

Advait Dharmadhikari
/ Categories: DSIJ Mindshare, DSIJ News
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Q3FY19: Allcargo Logistics PAT soars 56.5 per cent

Logistics player Allcargo Logistics net profit came in at Rs. 50.4 crore for the quarter ended December 2018 as against Rs. 32.2 crore for the corresponding quarter in the previous year.

The company's revenue from operations stood at Rs. 1,802.7 crore, up 21.8 per cent YoY from Rs. 1,479.9 crore in Q3FY18. The EBITDA margin for the company came in lower by 10bps at 6.2 per cent as against 6.3 per cent in Q3FY18.

Allcargo Logistics has a presence across multiple logistics sectors including ocean and air freight forwarding, container freight stations (CFS), inland container depots (ICD), project cargo, equipment rental, coastal shipping and contract logistics.

The company's Multimodal Transport Operations (MTO) segment continued gaining market share. Volumes for this segment saw a 16 per cent increase. The CFS segment also saw market share gains and a rise in volumes driven by Chennai and Kolkata operations. The company continues to see growth in Port volumes. The company's P&E segment has an executable order book of around Rs. 185 crore.

Multimodal Transport Operations (MTO) contribute 88 per cent of the company revenues whereas Container Freight Stations (CFS) and Project Engineering Solutions (P&E) contribute 7 per cent and 5 per cent respectively. 

On Monday, Allcargo Logistics closed for the day at Rs. 102.3 per share and made an intra-day high/low of 105/101.55 on the BSE.

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