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Allcargo Logistics Q4 profit falls 78%

Allcargo Logistics' consolidated net profit declined 78 per cent to Rs 51.90 crore in the March 2023 quarter, according to a late-night regulatory filing on Tuesday.

Mumbai: Allcargo Logistics' consolidated net profit declined 78 per cent to Rs 51.90 crore in the March 2023 quarter, according to a late-night regulatory filing on Tuesday. The company had posted a consolidated profit of Rs 240.55 crore in Q4 FY22, the filing said.

Allcargo, in a statement, announced the appointment of logistics industry veteran Adarsh Hegde as its Managing Director. The consolidated net profit in the January-March quarter of the previous fiscal stands at Rs 51.90 crore.

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