Allcargo Logistics posts 91% yoy growth in revenue ~Rs20,000 crore; reports 349% yoy growth in PAT

27 May 2022 , 02:03 PM

Allcargo Logistics Limited reported consolidated revenue of Rs20,072 crore for the financial year ended March 31, 2022, as compared to Rs10,498 crore in previous financial year, up by 91% yoy.

EBITDA stood at Rs1,516 crore for FY22, as against Rs634 crore for FY21, logging growth of 139% yoy.

The company’s PAT stood at Rs900 crore for FY22, as compared to Rs200 crore for FY21, registering a growth of 349% yoy.

The company witnessed a sustained increase in revenues coming through its digital platform ECU360, which now stands at about 60% of export booking across all segments. The company has also divested its project transportation business in line with the asset light strategy and made strategic acquisitions in India and globally.

The JV in South Korea has also performed exceedingly well alongside key regions of India, China, Europe, and the Americas ‐ all exhibiting the best business performance.

Allcargo Logistics is currently trading at Rs296.70 up by Rs1.9 or 0.64% from its previous closing of Rs294.80 on the BSE. The scrip touched an intraday high and low of Rs310 and Rs291.30 respectively.