Allcargo Q4 net slips marginally
Allcargo Logistics today reported a marginal dip of 2% in consolidated net profit at INR 57.24 crore for the quarter ended March 31, 2017.
The company’s net profit was at INR 58.64 crore in the year-ago quarter. Its total income from operations during the quarter was at INR 1,362.81 crore, as against INR 1,390 crore a year ago.
The firm’s total expenses fell to INR 1,295.79 crore, compared to INR 1,319.17 crore in the year-ago period.
Allcargo Logistics, part of The Avvashya Group, offers specialised logistics services across multi-modal transport operations, container freight station operations, coastal shipping services with fleet of ships owned and operated ships and Project and Engineering Solutions.
Shares of the company today ended 1.13% lower at INR 175.40 on the BSE.
Tag Keyword: Allcargo Logistics , Net Profit , Avvashya Group , Logistics Services , Ships