Allcargo Logistics Q1 results: Net profit down 97% at Rs 3.36 crore

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Allcargo Logistics Q1 results: Net profit down 97% at Rs 3.36 crore - Business Standard

Quick Summary:

Global events coupled with high demand across trade lanes during the second quarter of 2024 (calendar year) have led to improved volumes and increased freight rates, the company said.

Allcargo Logistics standalone net profit nosedived 97 per cent to Rs 3.36 crore in the June quarter of the current fiscal.

The company's net profit was Rs 198.26 crore in the corresponding period of last year, according to a regulatory filing.