Allcargo Logistics announces Q3FY25 results; Consolidated revenue 4,106CR, up 28% Y-O-Y
Allcargo Logistics Limited has announced its financial results for the quarter ended December 31st2024.
Key highlights:
* LCL volume for the quarter ended December 24 stood at 2.20 million CBM, depicting a growth of 2% over same period last year FCL volume for the quarter stood at 170K TEUs, up 11% over same period last year. On YTD basis, LCL volume grew by 2% and FCL volume grew by 9%.
* Air volume for the quarter ended December 2024 stood at 8.14 million kilos. This represents a growth of 5% as compared to the same period last year. On a YTD basis air volume grew by 23%.
* Contract Logistics business has reported a revenue growth of 62% on a YoY basis and 15% on Q- o-Q basis on the back of new client addition and increased wallet share from existing clients.
* Express Business: Continues to show improvement on the back of cost initiatives, for Q3FY25 EBITDA was up 215% as compared to same period last year. For the nine months ended December 2024 EBITDA was up 52% as compared to same period last year. Q3FY25 was a landmark quarter for express business, it registered the highest ever quarterly volume.
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