Allcargo Logistics Ltd's Q1FY19 consolidated net profit declines 14.54% yoy to Rs54.33cr: Misses Estimates

The company’s consolidated revenue in the period stood at Rs1,624.99cr, up 9.54% yoy and 5.77% qoq.

Aug 10, 2018 10:08 IST India Infoline Research Team

Allcargo Logistics Ltd Q1FY19

Consolidated Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 1,624.99 9.5
EBITDA 102.07 [0.9]
EBITDA Margin (%) 6.3 [66]
Net Profit (adjusted) 54.33 [14.5]
***EBITDA margin change is bps

Allcargo’s revenue in Q1FY19 grew 9.5% yoy to Rs1625cr. EBITDA declined 1% yoy to Rs102.1cr in Q1FY19 vs. Rs103cr in Q1FY18. EBITDA margins in Q1FY19 declined 66bps yoy and stood at 6.3% vs. 4.8% in Q4FY18 and 6.9% in Q1FY18. PAT declined 14.5% yoy to Rs54.3cr in Q1FY19 vs. Rs63.6cr in Q1FY18.
  • Revenue in MTO business grew 12.9% yoy to Rs1,455cr in Q1FY19.
  • MTO volumes grew 26% yoy to 1,74,043 TEUs in Q1FY19. This was largely driven by its global MTO business and despite the challenging trade and freight condition.
  • Revenue in CFS/ICD business grew 1.3% yoy to Rs110cr in Q1FY9.
  • The total volumes in CFS/ICD grew 4% yoy to 82,210 TEUs in Q1FY19 vs. 78,732 TEUs for Q1FY18. This growth was driven by Kolkata operations and increased share of DPD CFS volumes at JNPT.
  • Revenue in Project and Engineering Solutions declined 26.9% yoy to Rs72cr in Q1FY9.

Technical View:

Allcargo Logistics Ltd ended at Rs118.05, down 3.95 points, or 3.24%, from its previous close of Rs122 on the BSE. The scrip opened at Rs122 and touched a high and low of Rs125 and Rs116.20, respectively. A total of 6,88,578 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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