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Allcargo Logistics reports 13% fall in Q2 consolidated net profit

10 Nov 2022 Evaluate

Allcargo Logistics reported results for second quarter ended September 30, 2022.

The company has reported over 3-fold jump in its net profit at Rs 97.71 crore for Q2FY23 as compared to Rs 25.77 crore for the corresponding quarter previous year. Total income of the company increased by 52.64% to Rs 1,068.58 crore for the quarter under review as compared to Rs 700.05 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 12.68% in its net profit at Rs 229.98 crore for the quarter under review as compared to Rs 263.39 crore for the same quarter in the previous year. However, total income of the company increased by 6.78% to Rs 5,320.94 crore for the quarter under review as compared to Rs 4,983.11 crore for the same quarter in the previous year.

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