ALLCARGO LOGISTIC Announces Quarterly Results (2QFY19); Net Profit Down 5.5%

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ALLCARGO LOGISTIC Announces Quarterly Results (2QFY19); Net Profit Down 5.5%
Mon, 12 Nov

ALLCARGO LOGISTIC has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ALLCARGO LOGISTIC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m15,47216,25017,3736.9%12.3%
Other incomeRs m5151545.7%6.3%
TurnoverRs m15,52316,30117,4276.9%12.3%
ExpensesRs m14,42515,22916,1245.9%11.8%
Gross profitRs m1,0761,0211,24922.4%16.1%
DepreciationRs m3983974031.6%1.4%
InterestRs m7179857.4%19.5%
Profit before taxRs m65859681536.7%23.9%
TaxRs m686199132.1%3060.3%
Profit after taxRs m65251061620.7%-5.5%
Gross profit margin%7.06.37.2
Effective tax rate%1.014.424.4
Net profit margin%4.23.13.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 12.3% on a year-on-year (YoY) basis. The expenses were up by 11.8% YoY during the same period.
  • The company's operating profit increased by 16.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 7.2% in 2QFY19.
  • Depreciation charges increased by 1.4% and finance costs increased by 19.5% YoY, respectively.
  • Other income increased by 6.3% YoY during the quarter.
  • Net profit for the quarter declined by 5.5% YoY. Net profit margins during the quarter declined from 4.2% in 2QFY18 to 3.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.9% QoQ during the same period.
  • The company's operating profit increased by 22.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.2% in 2QFY19 as against 6.3% in 1QFY18.
  • Net profit for the quarter increased by 20.7% QoQ, while net profit margins increased from 3.1% in 1QFY18 to 3.5% in 2QFY19.

To see how ALLCARGO LOGISTIC has performed over the last eight quarters, please visit here.

ALLCARGO LOGISTIC Share Price Performance

Over the last one year, ALLCARGO LOGISTIC share price has moved up from Rs 166.9 to Rs 108.0, registering a Loss of Rs 59.0 or around 35.3%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 108.0, the price to earnings (P/E) ratio of ALLCARGO LOGISTIC stands at 17.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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Related Views on News

ALLCARGO LOGISTIC Announces Quarterly Results (1QFY20); Net Profit Up 23.4% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, ALLCARGO LOGISTIC has posted a net profit of Rs 630 m (up 23.4% YoY). Sales on the other hand came in at Rs 18 bn (up 11.7% YoY). Read on for a complete analysis of ALLCARGO LOGISTIC's quarterly results.

ALLCARGO LOGISTIC Announces Quarterly Results (4QFY19); Net Profit Up 514.8% (Quarterly Result Update)

May 28, 2019 | Updated on May 28, 2019

For the quarter ended March 2019, ALLCARGO LOGISTIC has posted a net profit of Rs 800 m (up 514.8% YoY). Sales on the other hand came in at Rs 17 bn (up 12.4% YoY). Read on for a complete analysis of ALLCARGO LOGISTIC's quarterly results.

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