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Published on 23/05/2019 10:42:01 AM | Source: Dion Global Solutions Ltd

Allcargo Logistics posts Q4 net profit of Rs 21.03 cr

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The company reported standalone net profit during the quarter stood at Rs 21.03 crore compared to net loss of Rs 54.31 crore in the previous year quarter. Net revenue of the company rose moderately by 19.72 per cent at Rs 386.34 crore in January-March quarter of this fiscal as against Rs 322.70 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 13.91 per cent to Rs 334.57 crore from Rs 293.72 crore in year ago period. Other Income grew by 85.84 per cent at Rs 12.21 crore versus (Mar'18 Rs 6.57 crore).

Operating Profit surged by 78.64 per cent to Rs 51.77 crore as against Rs 28.98 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 49.22 per cent in March quarter. Interest grew by 39.87 per cent y-o-y to Rs 8.56 crore, while Taxation decreased by 627.81 per cent at Rs -18.79 crore (Mar'18 Rs 3.56 crore).