Allcargo Terminals reports a robust 6 percent YoY revenue growth in Q3FY24, reaching Rs.185 Crs. Despite this positive trend, EBITDA experiences an 18 percent decline at Rs.29 Crs.
Allcargo Terminals disclosed its financial results for Q3FY24, showcasing a commendable 6 percent YoY revenue rise, reaching Rs.185 Crs. However, the EBITDA registers a notable downturn, plummeting 18 percent to Rs.29 Crs. The Profit After Tax (PAT) reveals an 11 percent growth, standing at Rs.15 Crs.
The cumulative performance for 9MFY24 demonstrates a parallel 6 percent revenue boost but a stark 23 percent decline in both EBITDA and PAT.
Suresh Kumar R, Managing Director, highlights the company’s dedication to operational excellence and digital initiatives. The Q3FY24 witnessed a 9 percent surge in volumes, complemented by the MyCFS portal’s upgraded capabilities, now handling over two-thirds of the import-export cycle. This strategic move aims to enhance customer satisfaction and retention, marking a positive trajectory for Allcargo Terminals despite certain financial challenges.
