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Allcargo Terminals Q4FY24 Earnings- CFS Volumes Surge 8% Year-on-Year

Our efforts in the past year for enhancing service levels through Digital enablement with myCFS portal, App and the new CRM platform are progressing well, says Suresh Kumar R, Managing Director, Allcargo Terminals Limited.
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Allcargo Terminals Ltd has announced its financial results for the quarter ended March 31st, 2024.

Summary of Consolidated Financial Results:

Particulars (in ₹Crs)Q4FY24Q4FY23Y-o-YQ3FY24Q-o-Q
Revenue182184-1%185-2%
EBITDA27261%29-9%
Profit After Tax (PAT)913-27%*15-37%

*Adjusting for one off Q4FY24 PAT would be in line with last year same quarter

Suresh Kumar R, Managing Director, Allcargo Terminals Limited said, “FY24 was marked by geopolitical events which disrupted the global container trade. Despite this, Allcargo Terminals registered a volume growth of 8 percent over the previous year, keeping us ahead of the industry growth.  Our efforts in the past year for enhancing service levels through Digital enablement with myCFS portal, App and the new CRM platform are progressing well.”

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