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Web Exclusive | February 2017

Allcargo Logistics Limited Q3FY17 results

Allcargo Logistics Ltd. today announced its unaudited financial results for the quarter ended December 31, 2016. In the consolidated results for Q3 FY17, total revenue from operations at Rs 1,411 crore for the quarter ended December 31, 2016, as compared to Rs 1,329 crore for the corresponding previous period, an increase of 6 per cent. EBITDA for the quarter was Rs 99 crore as against Rs 114 crore during the corresponding previous period, a decrease of 13 per cent, mainly on account of a conscious decision to move away from lower ROCE business, sale of aged assets, slowdown in project logistics business and transfer of HCL and CL business from Allcargo to ACCI, rentals booked for the CFS in Kolkata and expenses booked in Q3FY17 arising from managing CFS in Mundra. PAT was Rs 49 crore for the quarter, as against Rs 54 crore for the corresponding previous period, a decline of 10 per cent; impact of deferred tax on account of new Ind AS guidelines.

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