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Business EconomyPosted at: Nov 13 2024 7:07PM


Allcargo Logistics net up at Rs 36.99 crore in Q2

New Delhi, Nov 13 (UNI) Allcargo Logistics Limited, part of the Allcargo Group, has reported that its net profit has zoomed to 36.99 crore in the second quarter of current financial year y-o-y basis from Rs 14.17 crore in the same quarter of last fiscal.
Total revenues from operations has gone up to Rs 689.80 crore in the July-September quarter of 2024-25 fiscal as against Rs 384.43 crore in the same quarter of fiscal 2023-24, the company said in a regulatory filing with the stock exchanges.
The company said that the volume for the quarter ended September 2024 stood at 2.37 million CBM, depicting a growth of 4 percent over the quarter ended September 2023 and 5 percent over quarter ended June 2024.
Air volume for the quarter ended September 2024 stood at 2.65 million kilos. This represents a growth of 14 percent compared to last year and a decline of 4 per cent as compared to the last quarter.
Volume growth was witnessed during the quarter on the back of improved global trade and company’s growth initiatives. As highlighted, seasonal decline was experienced across all regions towards the end of the quarter, the company said in a release.
Contract Logistics business has reported a revenue growth of 46 percent on a YoY basis and 22 per cent on a QoQ basis on the back of new client additions and increased wallet share from existing clients.
UNI SKB CS1906
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Tags: #Allcargo Logistics net up at Rs 36.99 crore in Q2
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