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Allcargo Logistics's Q1 FY17 Results | ||||||||||||||||||||||||||||
Mumbai, Maharashtra, India - Key businesses of MTO & CFS perform well despite continued muted industry growth - Consolidated revenue from operations at RS. 1,399 Crore - Gross profit at RS. 472 Crore – YOY increase of 5% - Gross profit margin at 33.7%- YOY increase of over 290 BPS
Allcargo Logistics Ltd. today announced its unaudited financial results for the quarter ended June 30, 2016.
The performance highlights are Consolidated Results – Q1 FY17
o 82% of revenues are from the global MTO business
o Gross Profit margin for the quarter improved by over 290 bps to 33.7%
o EBITDA margin for the quarter maintained at 9.5%
Resources and Liquidity As on June 30, 2016, the Networth was Rs. 1,806 crore and the Net Debt was Rs. 295 crore. The capital structure of the Company remains conservative with net debt to equity ratio of 0.16 as on June 30, 2016. The Return on Capital (ROCE) stands at 15%.
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.
Multimodal Transport Operations (MTO)
Container Freight Stations (CFS)
o Adjusting for the pre- operation expenses of Kolkata CFS, the EBIT was Rs 33 crore, an increase of 6%
Project & Engineering Solutions (P&E)
Recent Developments – Q1 FY17 Strengthening Management Team
o Mr. Adarsh Hegde has been elevated to a new role as Joint Managing Director
o Mr. Hegde has been with the Group since its inception in 1993 and played a pivotal role in Allcargo's growth story. His astute business sense and innovative methods have been instrumental in generating exponential growth opportunities for the CFS and other businesses, both in India and internationally
o As Joint Managing Director at Allcargo Logistics, Mr. Adarsh Hegde will oversee the CFS-ICD Business, Project Forwarding & Engineering Solutions, E-Commerce Logistics, Coastal Shipping and Contract Logistics. In these areas, he will be responsible for crafting business strategy, developing strong leadership teams and supporting initiatives to accelerate profitable growth. Further, Mr. Hegde will continue to play a key role in overall group governance and business development
o Over two decades of rich and varied experience in the digital innovation space. Prior to joining Allcargo, he was associated with PayPal Inc. as Head – Mobile, Global Strategy and Growth, based in California, USA. He has also worked with various US based companies such as ADC Technologies, Intel Corporation, International Meta Systems, Cirrus Logic and Sun Microsystems, and has been the Founder, CEO and Board Director at Convergelabs Corporation in his professional career
o Amol has a BS (Honors) in Electrical Engineering & Computer Science from the University of California, Berkeley, USA, an MS in Electrical & Computer Engineering from Stanford University, USA and an MBA in Marketing & Finance from the Kellogg School of Management, Northwestern University USA
o In his role, Amol will be instrumental in charting out a roadmap to build tremendous IT capabilities by leveraging and partaking in the on-going digital revolution and establishing and managing a portfolio of potential digital opportunities for each of the Business Units. Amol shall carve out a strategic landscape for innovative IT solutions to ensure customer stickiness by engaging business leaders and IT team
o Mr Sharma has over three decades of rich experience in Supply Chain Management, logistics infrastructure development and general management in operations. He was the Director in CCI Logistics for over 10 years
o He was instrumental in setting up the logistics infrastructure (logistics parks) across India comprising the foot prints of four million Sq ft for CCI and has the expertise in initiating any project, networking and designing tailor made solutions
o He will be responsible for driving the growth of contract logistics business & Freight Forwarding business and look at opportunities to diversify into different sectors
Stock Market Highlights – General Information and Shareholding Pattern as on June 30, 2016
1BSE stock exchange as on August 22, 2016
About Allcargo Logistics Limited Allcargo Logistics Ltd., part of The Avvashya Group, is a global leader in 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 300 plus offices in 164 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: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).
Caution Concerning Forward-Looking Statements: This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. Allcargo Logistics Limited is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. |
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Media Contact Details
Snehal Vaidya
Adfactors PR +91 9820167242 Sanchi Yadav
Adfactors PR +91 9833640764 |
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