Allcargo Logistics Ltd's Q3FY18 consolidated net profit declines 33.85% yoy to Rs32.2cr

India Infoline Research Team | February 13, 2018 19:46 IST

The company’s consolidated revenue stood at Rs1,479.91cr, up 4.85% yoy but down 4.35% qoq.

Allcargo Logistics Ltd Q3FY18

Consolidated Results Q3FY18: (Rs. in crore)

Q3FY18 YoY (%)
Revenue 1,479.91 4.9
EBITDA 93.30 [6.1]
EBITDA Margin (%) 6.3 [74]
Net Profit (adjusted) 32.21 [33.9]
***EBITDA margin change is bps
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Reco. Price

191.85

Last updated on

23-Jan-2018

Allcargo Logistics Ltd's total revenue in Q3FY18 grew 4.9% yoy to Rs1,479.9cr vs. Rs1,411.4cr in Q3FY17. EBITDA in Q3FY18 declined by 6.1% yoy to Rs93.3cr vs. Rs99.3cr in Q3FY17. EBITDA margins in Q3FY18 was at 6.3% vs. 6.77% in Q2FY18 and 7.04% in Q3FY17. Net profit in Q3FY18 declined by 33.9% yoy to Rs32.2cr vs Rs48.7cr in Q3FY17
  • Multimodal Transport Operations (MTO) total volumes grew by 7.4% yoy to 1,44,646 TEUs in Q3FY18 vs. 1,34,715 TEUs in Q3FY17.
  • MTO revenue grew by 10% yoy to Rs1,327cr in Q3FY18. Realizations per TEU grew 2.5% yoy.
  • Container Freight Stations (CFS) total volumes were at 71,764 TEUs. CFS revenue declined 15.1% yoy to Rs94cr in Q3FY18 vs. Rs111cr in Q3FY17.
  • Revenue from Project & Engineering Solutions (P&E) declined by 36% yoy to Rs71cr in Q3FY18 vs. Rs111cr in Q3FY17.
  • The revenue growth was primarily driven by MTO business, while other businesses saw a pressure due to challenging global conditions and declining freight rates.
  • The decline in EBITDA was mainly on account of the lease rentals of managing the CFS in Mundra and reduced contribution from P&E due to decrease in asset utilization and prudent policy of provision for doubtful debt.


Technical View:

Allcargo Logistics Ltd ended at Rs. 196.60, up by 4.65 points or 2.42% from its previous closing of Rs. 191.95 on the BSE.
The scrip opened at Rs. 195 and touched a high and low of Rs. 197.65 and Rs. 193.50 respectively. A total of 2,08,219(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.



***Note: This is a NSE Chart

 

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