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

12 Aug 2022 CW Team

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

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..