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Allcargo Logistics reports around 3-fold jump in Q1 consolidated net profit

12 Aug 2022 Evaluate

Allcargo Logistics has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 71.93% in its net profit at Rs 70.07 crore for the quarter under review as compared to Rs 249.63 crore for the same quarter in the previous year. Total income of the company increased by 22.43% at Rs 1,051.57 crore for Q1FY23 as compared Rs 858.94 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 3-fold jump in its net profit at Rs 280.23 crore for the quarter under review as compared to Rs 105.83 crore for the same quarter in the previous year. Total income of the company increased by 64.68% at Rs 5,696.50 crore for Q1FY23 as compared Rs 3,459.14 crore for the corresponding quarter previous year.

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