Allcargo Logistics: Macroeconomic tailwinds to fuel growth
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
June 30, 2021 / 09:47 AM IST
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 162, Mcap: Rs 3,980 crore) impressed investors by posting stellar results for the March quarter. The outlook for the business looks promising as the recent global freight and shipments data indicates an acceleration in demand across major economies.
Quarterly revenue highlights
Total revenue in the fourth quarter was quite impressive at Rs 3,349 crore, up 79 per cent from the same quarter a year ago. However, the headline figures are not comparable due to...