Allcargo Logistics reports margin improvement of 135 bps

The company reported net Profit of Rs. 79.99 crore in Q4FY19 as against Rs. 12.27 crore in Q4FY18, registering a growth of 551.92 per cent. Reacting to the results, the stock of Allcargo Logistics was buzzing on Friday.

The company's consolidated total income from operations of Rs. 1,727.31 crore in Q4FY19 as against Rs. 1,536.33 crore in Q4FY18, posting a YoY growth of 12.43 per cent. EBITDA stood at Rs. 107.16 crore in Q4FY19 in comparison to Rs. 73.87 crore in Q4FY18, marking an increase of 45.07 per cent. Net Profit came in at Rs. 79.99 crore in Q4FY19 as against Rs. 12.27 crore in Q4FY18, registering a growth of 551.92 per cent. As a result, EPS showcased a growth of 587.23 per cent as it rose to Rs. 3.23 in Q4FY19 from Rs. 0.47 in Q4FY18. The EBITDA margin for the quarter stood at 6.20 per cent while the PAT margin came in at 4.64 per cent.

The Multimodal Transport Operations (MTO) segment continued gaining global market share and showcased a volume growth of 5 per cent YoY. The company is also focused on growing its share in the Container Freight Station (CFS) market. This segment exhibited volume growth of 6 per cent. Under the Projects & Engineering segment, the company witnessed improved utilisation of engineering solutions assets. The company's executable order book in Project Logistics stood at over Rs. 150 crore, as the company secured its first project in Africa.

On Friday, the shares of Allcargo Logistics opened at Rs. 107.40, and hit a high and low of Rs. 109.90 and Rs. 105.00, respectively. At 2:04 pm, the stock was trading at Rs. 108.30 per share, up 2.27 per cent.