Photo: Pradeep Gaur/Mint
Photo: Pradeep Gaur/Mint

Allcargo Logistics Q1 net profit rises 26.73% to Rs48.98 crore

Net sales for the quarter rose 34.71% to Rs1,318.63 crore as compared to Rs978.89 crore year ago

Mumbai: Port-based transportation company Allcargo Logistics Ltd reported a 26.73% rise in its net profit for the first quarter of the current fiscal due to higher revenue from the multimodal transport operations and container freight station business.

Net profit for the quarter ended 30 June 2014 rose to Rs48.98 crore from Rs38.65 crore for the same quarter a year ago, the company said on Thursday.

Net sales for the quarter rose 34.71% to Rs1,318.63 crore as compared to Rs978.89 crore year ago.

“The benefits of consolidation of acquired companies have helped us to report good numbers," director of finance S. Suryanarayanan said.

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