Allcargo Logistics net rises by more than 4 times to Rs 55.5 crore

MUMBAI: Allcargo Logistics Friday said its consolidated quarterly net profit rose more than four times on strong demand for its business.

The company posted a net profit of Rs 55.5 crore compared to Rs 11.54 crore a year earlier. The company’s net sales rose 10% to Rs 1410 crore.

On a standalone level, the company swung to a net profit of Rs 26.56 crore from a loss of Rs 5.32 crore a year earlier. For the year the company posted a net profit of Rs. 239.9 crore, up 61% over the previous year.