Allcargo Logistics Q4 consolidated net profit jumps to Rs 247 crore

June 01 , 2022

Source: Business Standard:

The company had posted a net profit of Rs 53.71 crore for the year-ago period, Allcargo Logistics said in a filing to BSE

Allcargo Logistics on Friday reported nearly five-fold rise in consolidated net profit at Rs 246.85 crore for quarter ended March 31, 2022.

The company had posted a net profit of Rs 53.71 crore for the year-ago period, Allcargo Logistics said in a filing to BSE.

Income went up to Rs 5,786.65 crore in the quarter from Rs 3,360.07 crore in the year-ago period, the filing said.

This has been the best ever performance recorded by the company, setting stage for next phase of growth on the back of strategic acquisitions and transformational initiatives undertaken by Allcargo, it said in a statement.

According to company's chairman Shashi Kiran Shetty, Allcargo Logistics' record performance is a result of sustained strategic initiatives over last few years.

The company's sharp focus on technology has benefitted it in many ways, be it using data science and automation to drive optimisation, or digital platforms to serve customers better, he said.

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