Allcargo Q1 PAT rises over two-fold to Rs 2.8 billion
WAREHOUSING & LOGISTICS

Allcargo Q1 PAT rises over two-fold to Rs 2.8 billion

Allcargo Logistics has reported over two-fold growth in its consolidated profit after tax (PAT) to Rs 280 crore for the June quarter. The company had posted a PAT of Rs 106 crore in the first quarter of the previous fiscal.

Its consolidated revenue during the first quarter of FY23 rose 65% to Rs 5,675 crore from Rs 3,449 crore in Q1 FY22.

The firm’s EBITDA (Earnings before interest, taxes, depreciation and amortisation) doubled to Rs 434 crore from Rs 217 crore in the year-ago period. There has been a sustained increase in revenues coming through the digital platform ECU360, which now accounts for over 60 per cent of export bookings across all key markets, it added.

The international supply chain business (MTO segment) operating under ECU Worldwide saw robust growth. The ocean freight rates have seen a declining trend over the last three to four month. The company, however, has managed to grow revenues on the back of strong volumes. The profits remain steady with a focus on digitisation and yield management.

Also read:
Allcargo Logistics to foray into container terminal operation business
Logistics firm Gati plans to be a Rs 3,000 cr company in 3 years


Allcargo Logistics has reported over two-fold growth in its consolidated profit after tax (PAT) to Rs 280 crore for the June quarter. The company had posted a PAT of Rs 106 crore in the first quarter of the previous fiscal. Its consolidated revenue during the first quarter of FY23 rose 65% to Rs 5,675 crore from Rs 3,449 crore in Q1 FY22. The firm’s EBITDA (Earnings before interest, taxes, depreciation and amortisation) doubled to Rs 434 crore from Rs 217 crore in the year-ago period. There has been a sustained increase in revenues coming through the digital platform ECU360, which now accounts for over 60 per cent of export bookings across all key markets, it added. The international supply chain business (MTO segment) operating under ECU Worldwide saw robust growth. The ocean freight rates have seen a declining trend over the last three to four month. The company, however, has managed to grow revenues on the back of strong volumes. The profits remain steady with a focus on digitisation and yield management. Also read: Allcargo Logistics to foray into container terminal operation businessLogistics firm Gati plans to be a Rs 3,000 cr company in 3 years

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Innovision Wins NHAI Toll Collection Contract at Aashpur Fee Plaza

Innovision Limited has informed stock exchanges that it has been awarded a user fee collection and facility maintenance contract by the National Highways Authority of India (NHAI). The letter of award was issued on 10 August 2026 for operations at Aashpur Fee Plaza at design kilometre 231.100 on National Highway number 91 between Aligarh and Kanpur in Uttar Pradesh. The engagement covers collection of user fees for four and more lane sections and the upkeep and maintenance of adjacent toilet blocks including replenishment of consumable items. The contract was secured through a competitive e-te..

Next Story
Infrastructure Urban

Bharat Electronics Secures Rs.5,410 mn In Orders

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured additional orders worth Rs.5,410 million (mn) since the last disclosure on 31 July 2026. The fresh awards raise the company's recently reported intake and were announced by way of a regulatory filing on 10 August 2026. The orders span multiple business verticals and are incremental to contracts already under execution. The update follows the company's routine disclosure obligations to the stock exchanges. Major orders received include communication equipment, electro optics, ammunition fuzes, Chemical B..

Next Story
Infrastructure Urban

United Drilling Tools Receives US Order For Gas Lift Mandrel

United Drilling Tools Limited said it has received an order from Tri Lift Services Inc of the United States for the supply of a gas lift mandrel to be used in the oil and gas industry. The company said the disclosure was made to listing authorities under the Securities and Exchange Board of India listing rules and the SEBI master circular of November 2024. The notice set out the nature of the contract as commercial and awarded by an international entity. The order is to be executed in the ordinary course of business and carries an estimated contract value of Rs four point eight three million (..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement