Skip to main content
Press Release

Media Center

News Back

Allcargo Logistics Ltd. announced its un-audited financial results for the quarter ended December 31

13-Feb-2013
 EARNINGS RELEASE

TOTAL REVENUE FOR NINE MONTHS AT RS 3,007 CRORE – YOY INCREASE OF 11%

 OPERATING PROFIT FOR NINE MONTHS AT RS 950 CRORE – YOY INCREASE OF 9%

MTO OPERATIONS – REVENUE MAINTAINED AT RS 810 CRORE

 MTO OPERATIONS – EBIT AT RS 385 CRORE – YOY INCREASE OF 13%

BUY BACK OF SHARES – COMPLETED 79% OF BUY BACK 

 

February 12, 2013, Mumbai:   Allcargo Logistics Ltd. today announced its un-audited financial results for the quarter ended December 31, 2012.

 

The performance highlights are: 

Consolidated Results – Q3 FY13

  • Total revenue of Rs. 977.9 crore for the quarter ended December 31, 2012, as against Rs.1,016.1 crore for the corresponding previous period, a decrease of 4%, mainly on account of decline in revenues from the P&E business 
  • The operating profit was maintained at Rs. 308.0 crore for the quarter ended December 31, 2012, as against Rs. 309.1 crore for the corresponding previous period 
  • EBIDTA of Rs. 81.2 crore for the quarter ended December 31, 2012, as against Rs. 117.2 crore for the corresponding previous period, a decrease of 31%, mainly on account of 140% increase in provision for doubtful debts 
  • The profit after tax was Rs. 36.1 crore for the quarter ended December 31, 2012, as against Rs. 50.6 crore for the corresponding previous period, a decrease of 29% 
  • EPS for the quarter ended December 31, 2012 was Rs 2.9 for a face value of Rs. 2 per share

   

Consolidated Results – 9M FY13

  • Total revenue of Rs. 3,007.1 crore for 9 months ended December 31, 2012, as against Rs.2,699.1 crore for the corresponding previous period, an increase of 11% 
  • Operating profit of Rs. 949.8 crore for 9 months ended December 31, 2012, as against Rs. 867.4 crore for the corresponding previous period, an increase of 9% 
  • EBIDTA of Rs. 341.3 crore for 9 months ended December 31, 2012, as against Rs. 343.2 crore for the corresponding previous period, a decrease of 1%, mainly on account of over 200% increase in doubtful debts 
  • The profit after tax was Rs. 152.9 crore for 9 months ended December 31, 2012, as against Rs. 172.9 crore for the corresponding previous period, a decrease of 12%. 
  • EPS for 9 months ended December 31, 2012 was Rs 11.9 for a face value of Rs. 2 per share

 

Business Performance:

Allcargo operates primarily in three segments, viz., Multimodal Transport Operations, Container Freight Stations Operations and Project & Engineering Solutions. These are consolidated business segments. 

 

Container Freight Stations (CFS)/ Inland Container Depot (ICD) Operations:

·      This segment operations are involved in import / export cargo stuffing, de-stuffing, customs clearance and other related ancillary services to both, importers and exporters

·      The CFS facilities are located near JNPT, Mundra, and Chennai ports. Allcargo is amongst the top three CFS operators at JNPT and Chennai (except captive CFSs) and among the top five at Mundra

·       The total capacity of the CFSs at the end of December 31, 2012 is 4,41,000 TEUs per annum

·      The ICDs are located at Dadri and Pithampur (Indore) and have a total capacity of 88,000 TEUs per annum

·    This business segment clocked total volumes of 48,561 TEUs for the quarter ended December 31, 2012, as against 63,290 TEU for the corresponding previous period, a decrease of 23%

·     The total revenue for the quarter ended December 31, 2012 was Rs 75.9 crore as against Rs 77.2 crore for the corresponding previous period, a slight decrease of 2%, despite 23% decline in total volumes

  • EBIT was Rs. 27.5 crore for the quarter ended December 31, 2012, as against Rs. 32.7 crore for the corresponding previous period, a decrease of 16% 

Multimodal Transport Operations (MTO):

·         MTO segment involves NVOCC (Non Vessel Owning Common Carrier) operations related to LCL (Less than container load) consolidation and FCL (Full container load) forwarding activities in India and across the world through its wholly owned subsidiary ECU Line

·         Allcargo is amongst the leading players in the global LCL consolidation market with a strong network across 62 countries and 143 own offices covering over 4,000 port pairs across the world

·         The business clocked total volumes of 70,338 TEUs for the quarter ended December 31, 2012 as against 68,503 TEUs for the corresponding previous period, an increase of 3%, despite slowdown in global trade

·         The total revenue for the quarter ended December 31, 2012 was Rs 809.6 crore as against Rs 816.6 crore for the corresponding previous period, a decrease of 1%

  • EBIT was Rs. 38.5 crore for the quarter ended December 31, 2012, as against Rs. 34.1 crore for the corresponding previous period, an increase of 13%

 

Project & Engineering Solutions (P&E):

·         Project & Engineering Solutions segment provides integrated end-to-end project, engineering and logistic services through a diverse fleet of owned / rented special equipment like hydraulic axles, cranes, barges, reach-stackers and ships to carry ODC / OWC cargos as well as project engineering solutions across various sectors.

·         The total revenue for the quarter ended December 31, 2012, was Rs. 87.2 crore as against Rs. 107.8 crore for the corresponding previous period, a decline of 19%

  • The business reported a loss before interest and tax of Rs 15.2 crore for the quarter ended December 31, 2012 as against a profit of Rs 17.8 crore for the corresponding previous period. This was mainly on account of 18% decline in revenue and over 200% increase in provision for doubtful debts 

 

About Allcargo Logistics Limited 

Allcargo Logistics Ltd., part of The Avvashya Group, is a leading multinational company providing integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. 

The company currently operates out of 143 own offices in 62 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo  is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: 532749) and The National Stock Exchange of India (NSE: ALLCARGO). 

With a consolidated turnover of Rs. 4,325 crore, profit after tax of Rs. 285 crore for the 15 months ended  31st March 2012, Allcargo . has demonstrated superior performance and significant growth prospects in the past years.

 

For more information, please contact: 

Neeraj Sharma

Allcargo Logistics Ltd

Tel: 022 - 66798266

Email: neeraj.sharma@allcargologistics.com

Sonal Zode / Parvathi Nair

Adfactors PR

Tel: 98927 45065 / 99209 27858

Email: sonal.zode@adfactorspr.com

         Parvathi.nair@adfactorspr.com 

 


Provide information about your shipment to get a quote.

Expense Calculator

Newsletter

Sign up now to keep in touch with the latest news and happenings from the Allcargo Logistics Ltd. Newsletter.

Our Network

Track & Trace

     Allcargo Logistics Ltd. handled the logistics for our Amguri Oil & Gas site at Jorhat, Assam. Heavy and over dimensional packages were successfully transported through road and hilly terrain…Their expertise in planning, handling & logistics...

- Graham Lamb
Operation Manager Weatherford Drilling International (BVI) Ltd., Mumbai.