Allcargo Logistics slips 6% on weak Q1 numbers

Moneycontrol BureauShares of Allcargo Logistics plunged 6.5 percent intraday Tuesday on poor numbers reported by company in the quarter ended June 2016.The company's consolidated Q1 (April-June) net profit was down 8.4 percent at Rs 61 crore versus Rs 66.6 crore, in the same quarter last fiscal.Its total income fell 4.5 percent at Rs 1,398.9 crore.The company's EBITDA shed 3.2 percent at Rs 133.2 crore and EBITDA margin was at 9.5 percent.At 11:02 hrs Allcargo Logistics was quoting at Rs 185.75, down Rs 9.55, or 4.89 percent on the BSE.Posted by Rakesh Patil