Allcargo Q3 net up 25.96% at Rs 71.8 cr

Allcargo Logistics today reported a 25.96 per cent rise in its consolidated net profit at Rs 71.8 crore for the quarter ended December 31, 2014.
It had reported a net profit of Rs 57 crore in the corresponding quarter last fiscal, the company said in a statement.
However, the company's total income for the October-December quarter declined 5.61 per cent at Rs 1,443.3 crore as compared to Rs 1,529.1 crore a year ago.
The company attributed the dip to currency fluctuation and its acquisition of FCL Marine during the quarter under review.
During the quarter, its Multi-modal Transport Operations segment clocked a revenue of Rs 1,201 crore as against Rs 1,339 crore in the year-ago period.

Container Freight Stations Operations segment posted a revenue of Rs 106 crore during the quarter compared to Rs 84 crore in the corresponding period last year.
Project and Engineering Solutions segment recorded a revenue of Rs 17 crore during the quarter as against Rs 15 crore in the year ago period.