Allcargo Logistics (ALLCARGO) Q4 12/13 earnings summary

Executive summary

• FY13 consolidated revenue was ₹3,992.4 crore, EBITDA ₹422.4 crore and profit attributable to shareholders ₹169.7 crore; FY12 comparison covers 15 months, so periods are not comparable.

• Integrated operations across 89 countries and 4,000+ port pairs supported resilience in LCL consolidation despite subdued global trade; CFS volumes and project execution were weaker.

• Priorities remain profitable growth, cost control and market-share gains; FY14 ambition was to build a global $1 billion enterprise.

Financial highlights

• Consolidated total revenue: ₹3,992.4 crore for FY13 vs ₹4,325.5 crore for the prior 15-month period; not directly comparable.

• Consolidated EBITDA: ₹422.4 crore vs ₹569.4 crore for the prior 15-month period; PAT attributable to shareholders ₹169.7 crore vs ₹284.5 crore.

• Consolidated EPS was ₹13.3 per ₹2 share vs ₹21.8 for the prior 15-month period; not directly comparable.

• Standalone FY13 revenue was ₹1,082.3 crore, EBITDA ₹271.8 crore, PAT ₹115.6 crore and EPS ₹9.0; prior period was 15 months.

Outlook and guidance

• Management expected a gradual economic recovery, with subdued activity in H1 FY14 and a modest pickup in H2; RBI projected FY14 GDP growth of 5.7%.

• Project & Engineering order book remained strong, with mega public-sector awards; new customers’ execution was expected from Q2 FY14, supporting anticipated segment traction after Q2.

• Strategy emphasized profitable growth, cost management, higher market share—particularly in Asia—and expansion of integrated logistics offerings.