Allcargo Terminals has reported its financial results for the quarter ended 31 March 2024, showcasing a robust performance in container freight station (CFS) volumes despite challenging global conditions.
In Q4FY24, Allcargo Terminals reported revenue of Rs 182 crores, slightly down by 1 per cent compared to Rs 184 crores in Q4FY23 and a 2 per cent decrease from Rs 185 crores in Q3FY24.
The EBITDA for Q4FY24 was Rs 27 crores, reflecting a 1 per cent increase from Rs 26 crores in Q4FY23, but a 9 per cent decline from Rs 29 crores in Q3FY24. The Profit After Tax (PAT) stood at Rs 9 crores, a significant 27 per cent drop from Rs 13 crores in Q4FY23 and a 37 per cent decrease from Rs 15 crores in Q3FY24. However, adjusting for a one-off event, the Q4FY24 PAT would align with the previous year's same quarter.
Suresh Kumar R, Managing Director of Allcargo Terminals, stated, “FY24 was marked by geopolitical events which disrupted the global container trade. Despite this, Allcargo Terminals registered a volume growth of 8 percent over the previous year, keeping us ahead of the industry growth. Our efforts in the past year for enhancing service levels through digital enablement with the myCFS portal, App, and the new CRM platform are progressing well.”
Allcargo Terminals (ATL), recently demerged from Allcargo Logistics, stands as an independent entity poised for listing. As a leader in multimodal logistics solutions originating from India, ATL offers an extensive network of CFS and ICD facilities across the country. Key locations include JNPT, Mundra, Chennai, and Kolkata.
ATL's digital tool, the myCFS portal, provides contact-less CFS services, ensuring efficiency and convenience. The company upholds stringent safety and security standards, including OHSAS, ISO, GSV (C-TPAT-compliant), and AEO certification.
With a commitment to addressing diverse logistical needs, ATL is strategically positioned to explore new opportunities in terminals, including multimodal logistics parks.
