Allcargo Logistics turns corner, logs ₹18-crore profit in Q2
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Allcargo Logistics reported a net profit of ₹18 crore in the September quarter, compared to a loss last year.
- ✓Revenue rose 3% to ₹555 crore as the company improved operating margins.
- ✓Ketan Kulkarni said, "Our goal now is to leverage customer centric service delivery to drive volume growth."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Revenue rises 3% at ₹555 crore, improved operating margins drives profitability in the quarter
Allcargo Logistics reported a net profit of ₹18 crore in the September quarter, against a net loss of ₹4 crore, logged in the same perod last year.
Revenue was up 3 per cent at ₹555 crore (₹537 crore). EBITDA increased 24 per cent to ₹77 crore (₹62 crore).
The turnaround in profitability reflects the company's focus on strengthening operating margins across its domestic logistics businesses. In Express Distribution, consistent progress in service levels, enhanced customer engagement and improving network efficiencies have enabled revenue growth and yield improvement. In Consultative Logistics, higher throughput from existing customers on the back of efficient service, improved warehouse utilisation, and cost optimisation contributed to a sequential improvement in gross margins, the company said.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.