CFS volumes for the quarter up 13% YoY
Allcargo Terminals Limited has announced its unaudited financial results for the quarter ended September 30, 2023.
Summary of Consolidated Financial Results Q2FY24:
| Particulars (in ₹Crs) | Q2FY24 | Q2FY23 | Y-o-Y | Q1FY24 | Q-o-Q |
| Volume (‘000 TEUs) | 156.6 | 139.1 | 13% | 148.3 | 6% |
| Revenue | 185 | 178 | 4% | 181 | 3% |
| EBITDA | 32 | 40 | -18% | 29 | 12% |
Commenting on the results Mr. Suresh Kumar R, Managing Director, Allcargo Terminals Limited said, “In Q2FY24 our CFS volumes have grown faster than industry, 13% YoY and 6% QoQ. Our digital initiatives with a clear focus on enhancing customer experience are gaining traction. We are witnessing similar volume momentum in the ongoing quarter to date. On a sequential basis, revenue growth is in line with industry trends. Sequential EBITDA growth of 12% for the quarter outpaced volumes as our costs normalized after the demerger. We have a strong balance sheet and are net debt free. With the induction of Mr. Pritam Vartak as CFO we have further strengthened our leadership team.”
