Allcargo Terminals (ATL), demerged from Allcargo Logistics, an India-born global leader in multimodal logistics solutions, reported a five percent increase in revenue at Rs 190 crore for the first quarter of financial year 2024-25.
Net profit increased six percent to Rs 9.5 crore, says an official release.
Highlights:
*Presence across key ports, sales acceleration initiatives and client relationships enable strong volume growth of nine percent over previous year and four percent over previous quarter.
*Leveraging volume growth and operational efficiencies give profitability a fillip with 13 percent EBITDA growth over previous quarter (Rs 30 crore vs Rs 27 crore in Q4FY2024).
“We have stayed ahead of the market with strong volume growth translating into better margins,” says Suresh Kumar R, Managing Director, Allcargo Terminals. “Operating efficiencies and cost initiatives enable robust sequential quarter EBITDA growth. Building on our growth trajectory, we have embarked on capacity enhancement programmes and remain committed to delivering sustainable long term value for our shareholders.”
Allcargo Terminals offers container freight stations (CFS) and inland container depots (ICD) at locations such as JNPT, Mundra, Chennai and Kolkata, the release added.