Shares of logistic companies are trading higher for a second straight day on the bourses on reports that the government on Thursday exuded confidence of having the Goods and Services Tax (GST) Bill passed, with several Opposition parties coming out in
Logistics major Allcargo Logistics posted 53 per cent rise in its consolidated net profit at Rs 75.1 crore for the quarter ended June 30, 2015 as against Rs 49 crore reported in the same period last year.
Logistics company Allcargo Logistics Ltd has posted almost a five fold jump in its consolidated net profit at Rs 55.5 crore for the quarter ended March 31, 2015 as against Rs 11.5 crore in the same period last year.
Logistics major Allcargo Logistics reported a 26 per cent rise in its consolidated net profit at Rs 71.8 crore for the quarter ended December 31, 2014 as compared to Rs 57 crore in the corresponding quarter last year.
Allcargo Logistics has surged 11% to Rs 342, extending its Friday’s 7% rally on the BSE, after reporting robust 51% year on year (yoy) jump in consolidated net profit at Rs 63.6 crore for the quarter ended September 30, 2014 (Q2).
Allcargo Logistics is trading higher by 3% to Rs 268, extending its previous day’s 10% rally, after the overseas investor has bought nearly 2 per centage points stake in the company for Rs 61 crore though open market.
Allcargo Global Logistics, the Mumbai-based Rs 2500 crore end-to-end logistics provider, has chalked out Rs 40 crore investment plan to expand warehousing capacity from the existing 3,00,000 sq feet to one million sq feet in the next three years.
Allcargo Global Logistics today said its subsidiary has acquired the controlling stake in Hong Kong based companies for an undisclosed sum in order to expand its non-vessel owning common carrier (NVOCC) business.