Quarterly Result: Allcargo Logistics Ltd
Bhagyashree Vivarekar / 23 Nov 2016
Allcargo Logistics Ltd is currently trading at Rs 161.85, up by 6 points or 3.85% from its previous close of Rs. 155.85 on the BSE. Its net profit for the quarter increased 6.9% YoY to Rs 64.4 crore.
Technical View:
Allcargo Logistics Ltd is currently trading at Rs 161.85, up by 6 points or 3.85% from its previous close of Rs. 155.85 on the BSE.
The scrip opened at Rs 158.8 and has touched a high and low of Rs 162 and Rs 155.30, respectively. A total of 78253 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.
Consolidated Results Q2FY17:
Allcargo Logistics Ltd. consolidated numbers for Q2FY17 were a mixed bag, as against our estimates. The company's revenue was reported 2.41% above our estimate of Rs 1377 crore, Its EBITDA margin was 117 bps below the estimate of 10.2% and net profit came in 1.8% below our estimate of Rs 65.6 crore.The company's revenue for the quarter decreased marginally 3.2% YoY to Rs 1410 crore.
Its reported EBITDA declined 6.3% YoY to Rs 127 crore, while EBITDA margin was flat at 9%. This was largely due to Rs 4.75 crore YoY increase in employee benefits expense from Rs 230.5 crore in Q2FY16 to Rs 235.25 crore in Q2FY17.
Its net profit for the quarter increased 6.9% YoY to Rs 64.4 crore. This was primarily due to 47.6% YoY increase in other income and 26.4% YoY decline in finance cost.
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