Conference Call with Allcargo Logistics Management and Analysts on Performance and Outlook. Listen to the full transcript.
Allcargo Logistics announced Q1FY23 Result : Allcargo Logistics Q1 revenue up 65% YoY, Q1 EBITDA doubles YoY to Rs 434 Cr Consolidated Net Profit grows to Rs 280 Cr for Q1FY23, up 165% YoY Allcargo Logistics reported consolidated revenue of Rs 5,675 Crores for the quarter and EBITDA stood at Rs 434 Crores. Profit before tax stood at Rs 390 Crores, including Rs 20 Crs share of profit from associates and JVs. The continued positive momentum in growth over last year has been an outcome of strategic and transformational initiatives undertaken by the company. There has been a sustained increase in revenues coming through digital platform ECU360, which now accounts for over 60% of export bookings across all key markets. Express and CFS business have also continued to gain significant traction in digitisation of customer touch points. The company has recently announced its intent to restructure express and contract logistics businesses and engaged in discussions with its JV partner in express business to buy out their shareholding. Restructuring would be planned on the principles of simplicity in structure and effectiveness in management. The company continuesto focus on asset light businesses and evaluate strategic acquisitions across the world to further strengthen its competitive positioning. Commenting on the business performance, Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide and Gati Ltd. said, “I am delighted that we have achieved remarkable success this quarter despite macroeconomic headwindsfrom Ukraine war, inflation and slowdown in demand. Against this backdrop, company achieved quarter on quarter volume growth in internationalsupply chain business and we doubled our consolidated EBITDA over last year for Q1. This is a testimony to resilience built in our performance through transformational initiatives including digitization. I am confident that we are very well positioned to drive next phase of asset light growth.” Result PDF
Allcargo Logistics declares Q4FY22 result: Allcargo Logistics revenue grows 91% to cross Rs 20,000 Cr, reported EBITDA Rs 1,516 Cr for FY22 Consolidated Net Profit grows to Rs 900 Cr for FY22, consolidated EBITDA up 139% YoY Allcargo Logistics reported consolidated revenue of Rs 20,072 Crores for the year and EBITDA stood at Rs 1,516 Crores. Profit before tax stood at Rs 1,186 Crores, including Rs 81 Crs share of profit from associates and JVs. This has been the best ever performance recorded by the company setting stage for next phase of growth on the back of strategic acquisitions and transformational initiatives undertaken by the company. There has been a sustained increase in revenues coming throughdigital platform ECU360, which now accounts for nearly 60% of export booking across all key markets. The company has divested project transportation business in line with asset light strategy and made strategic acquisitions in India and across the world. Commenting on the business performance, Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide and Gati Ltd. said,“The Company’s record performance is an outcome of sustained trategic initiatives over last few years. Our sharp focus on technology has benefitted us in many ways, be it using data science and automation to drive optimization, or digital platforms to serve customers better. Alongside, our market leading operational capabilities have allowed us to generate strong cash flows and profits also, besides exceptional growth in revenue. This approach has attracted business leaders across the world to join our management team, positioning us well to drive next phase of asset light growth.” Result PDF