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(As on Nov 08, 2019, 21:30)

Allcargo Logistics Q2 net profit down 72.75% at Rs 16.02 cr

The company reported standalone net profit of Rs 16.02 crore for the quarter ended September 30, 2019 as compared to Rs 58.78 crore in the same period last year, registering a year-on-year decline of 72.75 per cent.

Net revenue of the company declined by 0.56 per cent at Rs 393.50 crore in July-September quarter of this fiscal as against Rs 395.72 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 2.31 per cent to Rs 350.76 crore from Rs 342.85 crore in year ago period.

Other Income dipped by 73.80 per cent at Rs 12.33 crore versus (Sep'18 Rs 47.06 crore).

Operating Profit slipped by 19.16 per cent to Rs 42.74 crore as against Rs 52.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.71 per cent in September quarter.

Interest grew by 70.31 per cent y-o-y to Rs 13.08 crore, while Taxation decreased by 114.42 per cent at Rs -1.27 crore (Sep'18 Rs 8.81 crore).

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