Allcargo Logistics' Q1 net up 53% at Rs 75 cr

Total income increased 12% to Rs 1,478 cr

Logistics major Allcargo Logistics posted 53 per cent rise in its consolidated net profit at Rs 75.1 crore for the quarter ended June 30, 2015 as against Rs 49 crore reported in the same period last year.

The company's total income from operation jumped by 12 per cent to Rs 1,477.9 crore for April-June quarter of the current fiscal from Rs 1320.9 crore for the corresponding previous period.

This growth in its net profit was attributed to all round growth in its performance including multimodel transport operator (MTO), container freight stations (CFS) and others. MTO business contributes 83 per cent of the revenue of the company.

Alcargo's earning before interest, debt and tax (EBIDTA) stood at Rs 136.9 crore for the quarter ended June 30 this year as against Rs 118.4 crore for the corresponding previous period last year, thus posting a growth of 16 per cent. EBIDTA margin for the quarter was recorded at 9.3 per cent, an increase of 3 basis points

As on June 30, 2015, the networth stood at Rs 2016 crore and the net debt was at Rs 320 crore. Therefore, the net debt to equity ratio of the company stood at 0.16 as on June 30, 2015.

Allcargo recently announced the expansion of its senior leadership team through the addition of two industry veterans, Prakash Tulsiani as Chief Operating Officer and Executive Director and Martin Muller as Chief Commercial & Strategy of the Group.