Allcargo Terminals has disclosed its financial results for the quarter ended 30th June 2024. The company reported revenue of Rs 190 crore for Q1FY25, reflecting a 5 per cent year-on-year increase from Rs 181 crore in Q1FY24. The consolidated net profit grew by 6 per cent year-on-year, reaching Rs 9.5 crore in Q1FY25 compared to Rs 9.0 crore in Q1FY24.
The Summary of Consolidated Financial Results for Q1FY25 compared to Q1FY24 shows that Allcargo Terminals achieved a revenue of Rs 190 crore in Q1FY25, reflecting a 5 per cent year-on-year increase from Rs 181 crore in Q1FY24 and a 4 per cent rise from Rs 182 crore in Q4FY24.
The company's Ebitda reached Rs 30 crore, marking a 4 per cent increase from Rs 29 crore in Q1FY24 and a significant 13 per cent growth from Rs 27 crore in Q4FY24. The Profit After Tax (PAT) for Q1FY25 stood at Rs 9.5 crore, up 6 per cent from Rs 9.0 crore in Q1FY24 and 4 per cent higher than Rs 9.2 crore in Q4FY24. Key highlights include a 9 per cent year-on-year and 4 per cent quarter-on-quarter volume growth, driven by the company's strategic presence across key ports, sales acceleration initiatives, and robust client relationships.
Additionally, leveraging this volume growth along with operational efficiencies resulted in a substantial 13 per cent EBITDA growth over the previous quarter.
Suresh Kumar R, Managing Director of Allcargo Terminals, commented, “We have stayed ahead of the market with strong volume growth translating into better margins. Operating efficiencies and cost initiatives have enabled robust sequential quarter Ebitda growth. Building on our growth trajectory, we have embarked on capacity enhancement programs and remain committed to delivering sustainable long-term value for our shareholders."
Allcargo Terminals (ATL), recently demerged from Allcargo Logistics, is an India-born global leader in multimodal logistics solutions. Now an independent entity in the process of listing, ATL offers India’s widest CFS networks and specialises in Container Freight Stations (CFS) and Inland Container Depots (ICD). The company operates across the country, serving diverse logistical requirements at strategic locations such as JNPT, Mundra, Chennai, and Kolkata.
