Allcargo Terminals Q3FY24 profit up 11%
Revenue increased 6% to Rs 185 crore while EBITDA was down 18% to Rs 29 crore
Representational Image. Photo by Paul Teysen on Unsplash
Allcargo Terminals (ATL), an India-born global leader in multimodal logistics solutions recently demerged from Allcargo Logistics, reported a 11 percent increase in net profit at Rs 15 crore for the third quarter of financial year 2024.
Revenue increased six percent to Rs 185 crore while EBITDA was down 18 percent to Rs 29 crore, says an official release.
Suresh Kumar R, Managing Director, Allcargo Terminals
“In Q3FY24, our volumes grew nine percent compared to the same period last year," says Suresh Kumar R, Managing Director, Allcargo Terminals. "We continue our focus on service delivery through operational excellence. Our digital initiatives are gaining traction even as we are transitioning to a new CRM platform. In Q3FY24, we have enhanced the capabilities of our MyCFS portal and now are able to handle over two thirds of the import export cycle. We believe this will lead to greater customer satisfaction and retention."
ATL offers India’s widest container freight station (CFS) network and inland container depots (ICDs) at strategic locations such as JNPT, Mundra, Chennai and Kolkata, the release added.