Conference Call with Allcargo Logistics Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Allcargo Logistics declares Q3FY22 result: Allcargo Logistics quarterly revenue grows 115% to Rs 5869 Cr, reported EBITDA Rs 505 Cr for Q3FY22 Consolidated Net Profit up 16 times YoY at Rs 355 Cr for Q3FY22, consolidated EBITDA up 242% YoY Allcargo Logistics reported revenue of Rs 5,869 Crores for the quarter and EBITDA stood at Rs 505 Crores. Profit before tax stood at Rs 439 Crores, including Rs 30 Crs share of profit from associates and JVs. The record performance has been delivered by success of transformational approach led by exceptional leadership of the management team across businesses. The company has put strong focus on attracting and retaining top talent across the world. Further, the company has demonstrated strong performance on acquisitions. There has been a strong contribution from surge in digital revenue and cost optimisation through automation across end to end processes. The international supply chain business (MTO segment) witnessed sustained growth on the back of volume growth and expansion in market share in favourable market conditions. Transformation continues to drive sales acceleration and value addition across trade lanes has witnessed increases share of door to door component in business. Digital initiatives with industry leading platform ECU360 continue to provide superior service experience to customers. Commenting on the business performance, Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide and Gati Ltd. said, “The Company has managed to deliver strong performance in this quarter driven by digitally-advanced integrated logistics framework. The business has demonstrated strong resilience and growth on the back of value addition across the service offerings. The transformation-led initiatives have strengthened our capabilities. While adopting the asset-light model, we’ll continue to deliver sustainable value to our clients and all stakeholders. Further, the recently announced demerger will help businesses boost growth in the long term” “We are proud of our continued success with acquisitions across businesses. Our proactive approach has allowed us to target strategic highly value accretive acquisitions and recent acquisitions in Nordics and India and our JV in Korea have outperformed strongly.” He further added. Result PDF
Conference Call with Allcargo Logistics Management and Analysts. Listen to the full transcript.
Financial Highlights: Revenue was at Rs. 4,978 Crores for Q2 FY22 EBITDA stood at Rs. 363 Crores Profit before tax stood at Rs. 319 Crores, including Rs. 43 Crores exceptional income and Rs. 24 Crores share of profit from associates and JVs Commenting on the performance, Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide and Gati Ltd. said, “The company is proud of its leadership and the collective vision and commitment, which has allowed us to record historic performance in this quarter. The sharp focus on transformation and digital initiatives is reinvigorating the entire team to work with a start-up mindset, while benefiting from capabilities built over decades. We shall continue to work with our asset light approach and deliver value to our stakeholders with continued growth and profitability." “We expect the tail winds from liner business to sustain. The industry went through pain with low rates over several years and has now turned around post consolidation and we do not see freight rates going back to earlier levels in near future.” He further added. Result PDF