Allcargo Logistics garners feeble profits in Q1FY17

Allcargo Logistics has declared its Q1FY17 results on Tuesday. The company’s revenue has decreased by 4.53 per cent to Rs 1399 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has declined by 3.28 per cent to Rs 133 crore in Q1FY17 on a yearly basis.

Allcargo Logistics’ EBITDA margin has expanded by just 9 basis points to 9.51 per cent in Q1FY17 as compared to same period in previous fiscal. The company’s net profit also has reduced by 7.62 per cent to Rs 58.71 crore in Q1FY17 on a yearly basis. Its net profit margin has contracted by 14 basis points to 4.2 per cent in Q1FY17 as compared to same period in previous financial year.

On the segmental revenue front, Allcargo Logistics has earned 84.3 per cent from multimodal transport operations; 7.83 per cent from container freight station operations; 9.45 per cent from project and engineering solutions; and 0.72 per cent from others during Q1FY17.

Allcargo Logistics’ share price has declined by 6.53 per cent on bourses in early trades; and is trading at Rs 185 on an intraday basis.

Allcargo Logistics is engaged in providing integrated logistics solutions. The company offers logistics services across multimodal transport operations, inland container depot, container freight station operations, third party logistics operations and project & engineering solutions.