Allcargo Logistics Ltd Share Price – NSE  /  BSE

Logistics, Small Cap

Net loss of Allcargo Logistics reported to Rs 5.65 crore in the quarter ended March 2024 as against net profit of Rs 61.56 crore during the previous quarter ended March 2023. Sales rose 0.10% to Rs 3398.33 crore in the quarter ended March 2024 as against Rs 3395.10 crore during the previous quarter ended March 2023.

For the full year,net profit declined 76.22% to Rs 149.70 crore in the year ended March 2024 as against Rs 629.59 crore during the previous year ended March 2023. Sales declined 26.94% to Rs 13187.83 crore in the year ended March 2024 as against Rs 18050.77 crore during the previous year ended March 2023.

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Allcargo Logistics announced that the Board of Directors of the Company at its meeting held on 25 May 2024, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Fair Trade is a FCL and LCL consolidation services provider, operating in Germany with offices in Bremen and Hamburg. Its turnover for 2023 was EUR 13,679,876.

Pursuant to acquisition of balance 25% stake in Fair Trade, ECU Worldwide N.V. now holds 100% stake in Fair Trade and is now a wholly owned subsidiary of the company.

The company has acquired Fair trade for expansion of FCL and LCL business in an important market with a synergistic and capable partner.

Earlier in November 2022, the company’s wholly owned subsidiary, ECU Worldwide N.V had acquired 75% stake in Fair Trade for total consideration of EUR 12 million.

Allcargo Logistics is an integrated logistics service provider and operates in multiple business segments – multimodal transport operation (MTO), container freight station (CFS) / inland container depot (ICD), projects and engineering (P&E), contract logistics, and logistics parks (LPs) in which it has forayed recently.

The company’s consolidated net profit declined 92.4% to Rs 10.95 crore on 22.2% increase in net sales to Rs 3,211.59 crore in Q3 FY24 over Q3 FY23.

The scrip fell 0.72% to end at Rs 70.55 on Wednesday, 22 May 2024.

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Allcargo Logistics will hold a meeting of the Board of Directors of the Company on 25 May 2024

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