Allcargo’s consolidated revenue up 30% YoY to ₹4,301 crore

Allcargo Logistics has announced its financial results for the quarter ended September 30th 2024 with the consolidated revenue increaseing 30 percent Year-on-Year (YoY) to ₹4,301 crore and the consolidated EBITDA growing 14 percent YoY to ₹135 crore.

LCL volume for the quarter ended September 2024 stood at 2.37 million CBM, depicting a growth of 4 percent over the quarter ended September 2023 and 5 percent over quarter ended June 2024. FCL volume for the quarter stood at 164K TEUs, up 7 percent over the same period last year and 5 percent over the quarter ended June 2024.

Air volume for the quarter ended September 2024 stood at 2.65 million kilos. This represents a growth of 14 percent compared to last year and a decline of 4 percent as compared to the last quarter.

“Volume growth was witnessed during the quarter on the back of improved global trade and company’s growth initiatives. As highlighted, seasonal decline was experienced across all regions towards the end of the quarter,” reads the release.

Contract Logistics business has reported a revenue growth of 46 percent on a YoY basis and 22 percent on a QoQ basis on the back of new client additions and increased wallet share from existing clients.

Express Business: EBITDA continues to show improvement on the back of cost initiatives, for Q2FY25 EBITDA was up 26 percent as compared to same period last year. October 2024 was a landmark month for express business; it registered highest ever monthly volume, with a total of 118kt.