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Allcargo Logistics reports 92% fall in Q2 consolidated net profit

13 Nov 2023 Evaluate

Allcargo Logistics has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 84.06% fall in its net profit at Rs 14.17 crore for the quarter under review as compared to Rs 88.90 crore for the same quarter in the previous year. Total income of the company decreased by 58.55% at Rs 386.82 crore for Q2FY24 as compared to Rs 933.12 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 91.72% fall in its net profit at Rs 16.19 crore for Q2FY24 as compared to Rs 195.46 crore for the same quarter in the previous year. Total income of the company decreased by 34.35% at Rs 3,336.32 crore for Q2FY24 as compared to Rs 5,082.29 crore for the corresponding quarter previous year.


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