Allcargo Logistics Limited has informed the Exchange about Earnings call Transcript for quarter ended June 30,2024
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Allcargo Logistics reported consolidated revenue of Rs. 3,813 crore for Q1 FY25, up 16% year-on-year, with EBITDA of Rs. 133 crore (up 34% sequentially but down 5% YoY) and a PAT of Rs. 4 crore versus a loss of Rs. 12 crore in the previous quarter. The International Supply Chain business (revenue Rs. 3,320 crore) saw LCL volumes grow 6% QoQ to 2.25 million CBM and FCL up 9% YoY to 156,000 TEUs, with management noting demand picked up from mid-June and July-August trends have been even stronger. Express business EBITDA rose 33% QoQ on operational efficiency, and Contract Logistics revenue grew 13% QoQ and 22% YoY to Rs. 91 crore. Management highlighted a healthy contract pipeline, new leadership in Argentina/Uruguay/Paraguay where volumes could double in 9-12 months, and stated net debt of Rs. 434 crore is expected to decline going forward. No one-off items were reported in the quarter.
Sequential recovery across all three segments and management's confident tone on demand visibility through year-end should be viewed positively by investors, though the YoY EBITDA decline and modest Rs. 4 crore PAT show the business is still in early stages of recovery. The guidance that net debt will fall and operating leverage will kick in as volumes grow are constructive signals for the stock.