Transportation & Logistics company Allcargo Gati announced Q1FY25 results: Gross Margin: Gross margin has increased on a QoQ basis, for Q1FY25 gross margin stood at 27% as compared to 26% for Q4FY24 EBITDA: Operating cost continues to get optimized to bring about future growth in EBITDA. For Q1FY25 EBITDA stood at Rs 20 crore, up 11% as compared to same period last year and 33% as compared to last quarter Cash Positive: Debt free as on June 2024 with a positive cash position of Rs 196 crore after a successful QIP of Rs 169 crore. Commenting on the results Pirojshaw (Phil) Sarkari, Managing Director and Chief Executive Officer of GESCPL said: "Our express business performance this quarter has reported gross margins improving to 27%, reflecting streamlined operational cost. EBITDA grew significantly by 11% yearover-year and 33% quarter-over-quarter, reaching Rs 20 crore. The volume growth is a testament of our efforts towards improving quality and customer experience despite a strong base. Additionally, we are delighted to welcome Mr. Ketan Kulkarni as Deputy Managing Director of GESCPL. Ketan's vast experience will be instrumental in enhancing customer experience and assuring company growth through future strategic initiatives." Result PDF
Transportation-Logistics company Allcargo Gati announced Q4FY24 results: Revenue in Q4FY24 was Rs 355 crore, showing a slight decrease of 0.1% from Q4FY23 Rs 356 crore. EBITDA in Q4FY24 reached Rs 15 crore, marking a 23% increase from Q4FY23 Rs 12 crore. Pre-exceptional PBT in Q4FY24 was -Rs 11 crore, with no comparable data from Q4FY23. Post-exceptional PBT in Q4FY24 was -Rs 10 crore, with no comparable data from Q4FY23. Commenting on the results Pirojshaw (Phil) Sarkari, Managing Director and Chief Executive Officer of GESCPL said: “Q4FY24 has recorded the highest volume for the year on the back of enhanced service. For the full year we have reported a volume growth of 10% as compared to the last year. The volume growth is a testament of our efforts towards improving quality and customer experience. Our quarter performance has registered a 114% EBITDA growth over Q3FY24. This growth has come on the back of our efforts on direct cost rationalisation and yield improvement. We shall continue to focus on cost reduction to enhance profitability for our stakeholders.” Result PDF