Allcargo Logistics jumps on reporting many fold jumps in Q3 consolidated net profit
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Allcargo Logistics is currently trading at Rs. 362.15, up by 4.05 points or 1.13% from its previous closing of Rs. 358.10 on the BSE.
The scrip opened at Rs. 382.00 and has touched a high and low of Rs. 382.45 and Rs. 361.10 respectively. So far 113078 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 412.00 on 04-Jan-2022 and a 52 week low of Rs. 121.25 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 382.45 and Rs. 340.80 respectively. The current market cap of the company is Rs. 8959.29 crore.
The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 11.64% and 18.44% respectively.
Allcargo Logistics has reported a fall of 30.65% in its net profit at Rs 48.73 crore for the quarter ended December 31, 2021 as compared to Rs 70.27 crore for the same quarter in the previous year. However, total income of the company increased by 81.30% at Rs 1073.60 crore for Q3FY22 as compared Rs 592.16 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported many fold jumps in its net profit at Rs 354.86 crore for the quarter ended December 31, 2021 as compared to Rs 1.41 crore for the same quarter in the previous year. Total income of the company reported 2-fold jump at Rs 5885.51 crore for Q3FY22 as compared Rs 2748.18 crore for the corresponding quarter previous year.
