Allcargo Logistics Ltd's Q2FY17 consolidated net profit rises 6.9% yoy to Rs.64.41 crore : Estimates Mixed

India Infoline Research Team | November 23, 2016 12:26 IST

Allcargo Logistics Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 1,410 [3.2]
EDITDA 127 [6.3]
EBITDA Margin (%) 9 [30]
Net Profit (adjusted) 64.4 6.9
***EBITDA margin change is bps

Allcargo Logistics Ltd. reported its Q2FY17 consolidated numbers in mix bag with our estimates. Revenue was reported 2.41% above our estimate of Rs 1377 cr. EBITDA margin was 117 bps below the estimate of 10.2% and net profit came in 1.8% below estimate of Rs 65.6 cr.
Revenue for the quarter decreased marginally by 3.2% yoy to Rs 1410 cr. 
Reported EBITDA declined by 6.3% yoy to Rs 127 cr while EBITDA margin was flat at 9%. This was largely due to Rs 4.75 cr yoy increase in employee benefits expense from Rs 230.5 cr in Q2FY16 to Rs 235.25 cr in Q2FY17.
Net profit for the quarter increased by 6.9% yoy to Rs 64.4 cr. This was primarily due to 47.6% yoy increase in other income and 26.4% yoy decline in finance cost.

Technical View:

Allcargo Logistics Ltd is currently trading at Rs. 163, up by 7.15 points or 4.59% from its previous closing of Rs. 155.85 on the BSE.
The scrip opened at Rs. 158.8 and has touched a high and low of Rs. 163 and Rs. 155.3 respectively. So far 86880(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 169.65 [1.35] ([0.79]%)
NSE 169.80 [1.55] ([0.90]%)

***Note: This is a NSE Chart



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