Allcargo Logistics Reports Mixed Financial Results for Q1 FY25, Investors Advised to Analyze Carefully

Allcargo Logistics, a midcap logistics company, recently declared its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.

According to the financial report, Allcargo Logistics has seen a negative performance in the quarter, with a score of -8, which has improved from -17 in the last three months. However, there are some positive aspects to the company’s financials.

The net sales for the quarter were the highest in the last five quarters, at Rs 3,812.81 crore. The near-term sales trend is also positive for the company. However, there are some areas that need improvement.

The interest cost for the nine-month period has increased by 31.29%, indicating a rise in borrowings. The profit after tax (PAT) for the quarter has fallen by -8.2% compared to the average PAT of the previous four quarters. The near-term trend for PAT is negative. Additionally, the company’s non-operating income is 362.50% of the profit before tax, which suggests that the company’s income from non-business activities is high and may not be sustainable in the long run.

Another concerning factor is the debtors turnover ratio, which is at its lowest in the last five half-yearly periods. This indicates that the company’s pace of settling its debtors has slowed down.

Overall, Allcargo Logistics has shown mixed financial results for the quarter ending June 2024. Investors should carefully consider these factors before making any investment decisions.