Net profit of Allcargo Logistics declined 92.43% to Rs 10.95 crore in the quarter ended December 2023 as against Rs 144.72 crore during the previous quarter ended December 2022. Sales declined 22.18% to Rs 3211.59 crore in the quarter ended December 2023 as against Rs 4127.03 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales3211.594127.03 -22 OPM %3.125.97 - PBDT74.51227.67 -67 PBT-29.74174.44 PL NP10.95144.72 -92 Powered by Capital Market - Live News

Allcargo Logistics will hold a meeting of the Board of Directors of the Company on 12 February 2024.Powered by Capital Market - Live News

The boards of Allcargo Logistics and Allcargo Gati have approved the composite scheme of arrangement for restructuring of businesses under Allcargo and Allcargo Gati (Formerly Gati Limited). As per the scheme, International Supply Chain (ISC) business will be demerged into a separate entity: Allcargo ECU. This would include the India part of International Supply Chain business along with the international subsidiaries held under the ECU Worldwide NV. Express business and Contract Logistics business would come under the resulting entity Allcargo Logistics (post ISC demerger) which will benefit from combined synergies and the shareholders of Allcargo and Allcargo Gati will get direct shareholding eliminating inefficient complex corporate structure. As per the approved swap ratio, based on the recommendations of the independent valuers, shareholders of Allcargo Gati will get 63 shares in the resulting Allcargo Logistics entity (post ISC demerger) for every 10 shares held in Allcargo Gati. Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU and continue to hold their shares in Allcargo Logistics, which will now be the resulting entity holding Express and Contract Logistics business directly. This takes into account 3:1 bonus shares approved by shareholders for Allcargo Logistics recently.Powered by Capital Market - Live News

Net profit of Allcargo Logistics declined 87.71% to Rs 21.84 crore in the quarter ended September 2023 as against Rs 177.77 crore during the previous quarter ended September 2022. Sales declined 34.58% to Rs 3306.86 crore in the quarter ended September 2023 as against Rs 5054.88 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales3306.865054.88 -35 OPM %3.577.40 - PBDT114.04389.68 -71 PBT7.35309.75 -98 NP21.84177.77 -88 Powered by Capital Market - Live News

Allcargo Logistics will hold a meeting of the Board of Directors of the Company on 10 November 2023.Powered by Capital Market - Live News