Allcargo Logistics stock plunges 2% after Q3FY22 PAT declines over 59% yoy

14 Feb 2022 , 03:21 PM

Allcargo Logistics Ltd. stock dives more than 2% in today’s trade at Rs350.05 against its previous closing price of Rs357.95 on BSE. So far, it touched day’s high and low of Rs398 and Rs341.45 respectively. The performance comes after the company announced its financial performance for the quarter ending December 2021 (Q3FY22).

Allcargo reports total revenue of Rs10,498 crore for Q3FY22 as compared to Rs7,346.20 crore for Q3FY21, reflecting a gain of 42.90% yoy. Its revenue for the 9M period was reported at Rs14,296.20 crore.

EBITDA for the 9 months ended December 2021 was reported at Rs1084.20 crore, and Rs633.80 crore for the quarter. It registered a growth of 25.90% yoy against EBIDTA of the December 2020 quarter at Rs503.40 crore.

EBITDA Margin settled at 6.04% against 6.85% in the previous corresponding quarter, and 7.6% for the current 9M period.

PBT stood at Rs247.40 crore for Q3FY22 against Rs244.60 crore for Q3FY21, up by 1.14% yoy.

PAT for the nine months under review reported at Rs724.10 crore. PAT for the quarter ended December 2021 stood at Rs95.10 crore as against Rs234.30 crore, declining by 59.41% yoy.

PAT margin for the current quarter was reported at 0.91% against PAT margin of 3.19% in the previous corresponding quarter.

Its EPS narrowed from Rs9.08 for Q3FY21 to 7.04 for Q3FY22.