Allcargo Logistics reports strong Q2FY25 Results with 30% revenue growth

MUMBAI : Allcargo Logistics has released its financial results for Q2 FY 25, posting consolidated revenue of Rs 4,301 crore, a 30 per cent year-on-year (YoY) increase. The company’s consolidated EBITDA reached Rs 135 crore, marking a 14 per cent YoY rise, supported by robust volume growth in key business areas and effective cost management.

In Q2FY25, Allcargo Logistics reported notable performance across its key business segments. The LCL (Less-than-Container Load) volume reached 2.37 million CBM, reflecting a 4 per cent year-on-year (YoY) growth and a 5 per cent increase from the previous quarter.

The FCL (Full Container Load) volume stood at 164,000 TEUs, up 7 per cent from Q2FY24 and 5 per cent from Q1FY25. Air volume for the quarter was 2.65 million kilos, marking a 14 per cent YoY increase despite a 4 per cent seasonal decline from the prior quarter.

The Contract Logistics segment experienced robust revenue growth, posting a 46 per cent YoY and 22 per cent quarter-on-quarter increase, driven by new client acquisitions and enhanced business with existing clients. Meanwhile, the Express Business recorded a 26 per cent YoY Ebitda growth, supported by cost optimisation efforts.

Notably, October 2024 marked a record for Allcargo’s Express business, achieving its highest monthly volume at 118,000 tons.

The company credits its growth to improved global trade conditions and strategic expansion efforts, though it noted a seasonal volume dip across regions toward the end of the quarter.

Celebrating 30 years of operations, Allcargo Logistics, a part of the Allcargo Group, is a global leader in LCL consolidation and operates under the ECU Worldwide network. It has a prominent presence in the Express logistics sector through Allcargo Gati and in Contract Logistics via Allcargo Supply Chain. Known for its digital innovation in logistics, Allcargo operates from over 300 offices across 180 countries.

Strategic Restructuring and Future Outlook

Allcargo recently announced a restructuring plan, set to be completed by April 2025, which involves separating its International Supply Chain (ISC) business into a new entity, Allcargo ECU, and merging its Express and Contract Logistics businesses into Allcargo Logistics This will position Allcargo with four publicly listed entities: Allcargo ECU, Allcargo Logistics, Allcargo Terminals, and TransIndia Real Estate, all poised for future growth with strong management and market opportunities.