Allcargo Terminals Q3FY25 Earnings - EBITDA up 11% Y-O-Y
Allcargo Terminals Limited has announced its financial results for the quarter ended December 31st, 2024.
Summary of Consolidated Financial Results.
Highlights:
* EBITDA and revenue growth continues - YTD growth of 5% and 4% respectively.
* YTD volumes ahead of previous year; QoQ dip on the back of a strong Q2
* Board approved acquisition of 15% stake in existing subsidiary, Speedy Multimodes via share-swap deal; post transaction Speedy becomes 100% subsidiary of ATL
* Successful in securing extension of Speedy Mundra facility partnership with CWC for six more years
* Capacity expansion in JNPT with additional lease of 22 acres adjacent to existing facility
Suresh Kumar R, Managing Director, Allcargo Terminals Limited said, “Our growth trajectory continues in Q3 with strong EBITDA growth year on year. YTD growth reflects our strong customer equity and robust operations. To support our growth plans, we have secured additional capacity in Nhava Sheva and obtained an extension of our partnership with CWC in Mundra.
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