The company’s total income rose to Rs 4,114.47 crore in the third quarter of the current fiscal (Q3FY25)
Registering a healthy uptick in its financial performance, Allcargo Logistics has reported a 27.6 per cent surge in its consolidated total income for the third quarter of the current financial year (Q3FY25). The company’s total income rose to Rs 4,114.47 crore in Q3FY25, compared to Rs 3,224.03 crore in Q3FY24.
The unaudited consolidated financial results of the company revealed a 40 per cent YoY decline in its net profit (profit after tax). The net profit dipped to Rs 10.31 crore during the recently concluded quarter of the current fiscal, compared to Rs 17.36 crore in the corresponding period of the previous fiscal.
The total expenses of the company also marked an uptick during the quarter as it rose to Rs 4,113.96 crore in Q3FY25, compared to Rs 3,242.93 crore in Q3FY24. As far as the company’s consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 138 crore, up 24 per cent on a year-on-year basis.
The company stated that air volume for the quarter ended December 2024 stood at 8.14 million kilos. This represents a growth of 5 per cent as compared to same period last year. On year-to-date (YTD) basis air volume grew by 23 per cent. The company’s contract logistics business has reported a revenue growth of 62 per cent on a YoY basis and 15 per cent on QoQ basis on the back of new client addition and increased wallet share from existing clients.
The official statement from the company added its express business continues to show improvement on the back of cost initiatives. LCL volume for the quarter ended December 24 stood at 2.20 million CBM, depicting a growth of 2 per cent over same period last year FCL volume for the quarter stood at 1,70,000 TEUs, up 11 per cent over same period last year, as per the company.
