Allcargo posts a 30% YoY revenue increase to ₹4,301 CR; EBITDA rises 14% to ₹135 CR, driven by higher volumes and strategic growth.
Allcargo Logistics released its financial results for the quarter ending September 30, 2024, showcasing robust growth across multiple business segments. The company’s consolidated revenue surged by 30% year-over-year (YoY) to reach ₹4,301 crore, while consolidated EBITDA rose by 14% to₹135 crore.
Key Performance Highlights:
- LCL and FCL Growth: Less-than-Container-Load (LCL) volumes for Q2FY25 rose by 4% YoY to 2.37 million cubic meters (CBM), also showing a 5% increase over the previous quarter. Full Container Load (FCL) volume reached 164,000 twenty-foot equivalent units (TEUs), up by 7% YoY and 5% over Q1FY25, driven by improved global trade conditions and Allcargo’s expansion initiatives.
- Air Volume Performance: The air freight segment recorded 2.65 million kilos, reflecting 14% YoY growth despite a 4% quarter-on-quarter decline, influenced by seasonal adjustments.
- Contract Logistics Success: Allcargo’s Contract Logistics division posted an impressive 46% revenue increase YoY and a 22% rise quarter-on-quarter (QoQ), attributed to new client acquisitions and enhanced business from existing clients.
- Express Business Milestone: The Express Business showed significant improvement in EBITDA, which rose by 26% YoY due to cost efficiency measures. October 2024 marked a milestone, achieving the highest monthly volume of 118,000 tonnes.
Allcargo attributes its Q2FY25 performance to strategic growth initiatives, enhanced operational efficiencies, and steady global trade recovery, despite some seasonal declines across regions toward quarter-end.
