Allcargo Logistics net profit boosts by 53.33 per cent in Q1FY16
DSIJ Intelligence / 11 Aug 2015
Allcargo Logistics (Allcargo) announced its June 2015 quarter results. The company's revenue increased by 11.91 per cent to Rs 1478 crore in Q1FY16 as compared to the same period in the previous fiscal year.
Allcargo Logistics (Allcargo) announced its June 2015 quarter results. The company's revenue increased by 11.91 per cent to Rs 1478 crore in Q1FY16 as compared to the same period in the previous fiscal year. Its total expenditure increased by 11.52 per cent to Rs 1341 crore in Q1FY16 on yearly basis. Allcargo's total expenditure increased largely due to a 11.5 per cent increment in operating expense during the quarter.
EBITDA of the Allcargo rose by 15.91 per cent to Rs 136.86 crore in Q1FY16 compared to same period in previous financial year. The company's EBITDA margin expanded by 32 basis points to 9.26 per cent in Q1FY16 on yearly basis. Its EBIT increased by 33.55 per cent to Rs 100.63 crore in Q1FY16 on yearly basis as depreciation expense decreased by 15.19 per cent to Rs 36.23 crore during the quarter. Allcargo's net profit boosted by 53.33 per cent to reach Rs 75.1 crore in Q1FY16 compared to same period in previous financial year. The company's net profit margin expanded by 137 basis points to 5.08 per cent in Q1FY16 on yearly basis.
Considering the segment wise revenue Allcargo earned 84.11 per cent from Multimodal Transport Operations segment, 9.64 per cent from Project Engineering segment, 7.4 per cent from Container Freight Station Operations during June 2015 quarter.
The Allcargo shareholding pattern indicates that FII holdings expanded by 5 basis points to 5.9 per cent and DII holdings also expanded by 2 basis points to 0.03 per cent in June 2015 quarter. The share price of the company on BSE increased by 2.72 per cent and trading at Rs 335.9 on intraday basis.
Allcargo is going to invest USD 500 million in next three to five years towards organic as well as inorganic growth of its business with target of USD 2 billion by 2020. The company is looking to develop large logistic parks near Ennore and Katapalli as it has valuable land there.
Avvashya Group flagship company, Allcargo Logistics is an integrated logistics multinational, headquartered in India. The Company has three segments: Multimodal Transport Operations; Container Freight Stations Operations ,and Project & Engineering Solutions.Allcargo operates across more than 90 countries through over 200 offices globally.
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