Allcargo Logistics Q2FY25 Revenue Jumps 30% YoY To Rs 4,301 Cr
Growth in contract and express business boosts quarterly earnings
Allcargo Logistics reported a robust financial performance for Q2FY25, with consolidated revenue reaching Rs 4,301 crore, a 30 per cent increase year-over-year. The company’s consolidated EBITDA also saw a 14 per cent rise, standing at Rs 135 crore for the quarter ended 30 September 2024.
In terms of volume, the Less-than-Container Load (LCL) segment recorded 2.37 million cubic metres, marking a 4 per cent year-on-year growth and a 5 per cent quarter-on-quarter rise. Full Container Load (FCL) volume also increased by 7 per cent YoY, reaching 164,000 TEUs. However, air volume registered a mixed performance at 2.65 million kilos, up 14 per cent YoY but down 4 per cent from the previous quarter, influenced by seasonal factors.
The Contract Logistics segment showed exceptional growth, with a 46 per cent YoY increase in revenue, driven by new client acquisitions and expanded business from existing clients. Additionally, Allcargo’s Express Business achieved its highest-ever monthly volume of 118,000 tonnes in October, with quarterly EBITDA up 26 per cent from the previous year.
Allcargo Logistics and Allcargo Gati have also initiated a composite restructuring scheme. Under this arrangement, the International Supply Chain (ISC) business will be demerged to form Allcargo ECU Limited, while Express and Contract Logistics will be consolidated under Allcargo Logistics. This scheme is anticipated to be completed by April 2025, pending regulatory and shareholder approvals.
