Allcargo Logistics stock gains 2% post Q1 earnings

In Q1FY21, the company recorded a consolidated net profit of Rs47.93cr compared to a profit of Rs63.03cr in the corresponding period of the previous year.

Sep 16, 2020 02:09 IST India Infoline News Service

Allcargo Logistics
Allcargo Logistics witnessed buying sentiment on Wednesday after the company announced its financial performance for the quarter ending June 2020 (Q1FY21). On Sensex, the Allcargo stock has jumped by nearly 3% with an intraday high of Rs126.20 per piece in early deals.

In Q1FY21, the company recorded a consolidated net profit of Rs47.93cr compared to a profit of Rs63.03cr in the corresponding period of the previous year. The Q1 PAT figures were attributed to the owners of the company.

Consolidated total income was at Rs2,093.61cr in the quarter under review, increasing from Rs1,821.58cr a year ago same period.

Total expenses were at Rs2,057.70cr in Q1FY21, however, higher compared to Rs1,741.09cr in the similar quarter of the previous year.

At around 2.32 PM, Allcargo stock was performing at Rs125.50 per piece surging by 2.12% on Sensex. 

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