Allcargo Logistics surged 10.94% to Rs 304.15 after the company's consolidated net profit surged 298.27% to Rs 228.01 crore on 113.04% increase in net sales to Rs 4977.86 crore in Q2 September 2021 over Q2 September 2020.
On a consolidated basis, profit before tax surged 353% to Rs 319.11 crore in Q2 September 2021 over Q2 September 2020.During the quarter, operating expenses surged 131.40% YoY to Rs 4048.70 crore. Employee expense jumped 27.95% YoY to Rs 402.73 crore.
Allcargo Logistics is India's largest integrated logistics solutions provider.
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