Allcargo share price slumped over 5 per cent on NSE due to weak profit earned in Q1FY17 which the company declared today. The firm’s revenue has reduced by 4.53 per cent to Rs.1399 cr in Q1FY17 as compared to same period in the last financial year.
The net profit of the company also declined by 7.62 per cent to Rs.58.71 cr in Q1FY17 on a yearly basis. Its net profit margin has declined by 14 basis points to 4.2 per cent in Q1FY17 against same period in the last financial year. Its EBITDA has fallen by 3.28 per cent to Rs.133 cr in Q1FY17 on a yearly basis. Allcargo’s EBITDA margin has increased by just 9 basis points to 9.51 per cent in Q1FY17 against same period in previous fiscal.
As far as the segmental revenue front is concerned, Allcargo Logistics has earned 84.3 per cent from multimodal transport operations, 9.45 per cent from project and engineering solutions, 7.83 per cent from container freight station operations and 0.72 per cent from others during Q1FY17. Allcargo share price has reduced by 6.53 per cent on bourses in early trades and is trading at Rs.185 on an intraday basis.
Allcargo Logistics offers integrated logistics solutions. The company provides logistics services across multimodal transport operations, container freight station operations, inland container depot, third party logistics operations and project & engineering solutions. According to Dynamic Levels, Allcargo is a multibagger stock and great for investment.
For more information, please visit Allcargo share price history.
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