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 same period last year. On 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 highest ever quarterly volume.
