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Allcargo Logistics: Delisting and improving macros provide strong tailwind

With a vast footprint and a long operating history, Allcargo is well positioned to continue the expansion of its Indian business, while gaining incremental share in international trade

December 16, 2020 / 12:57 PM IST
Allcargo Logistics: Delisting and improving macros provide strong tailwind

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Multimodal logistics company Allcargo Logistics (CMP: Rs 136, Mcap: Rs 3353 crore) continued to impress investors by posting robust results in the September quarter. Cost containment efforts, acquisition synergies, recovery in demand and scale-up of new business verticals should translate into a much better performance in the second half of this financial year. Quarterly revenue highlights (image) Total revenue in the second quarter was impressive at Rs 2,327 crore, up 25 per cent from the same quarter a year ago, but...

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