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Earnings

Allcargo Logistics expects FY20 margins between 7-7.5%, says COO Tulsiani

Updated : May 24, 2019 03:35 PM IST

Allcargo Logistics reported an expansion in margins in the fourth quarter while the profit after tax was boosted by a tax credit. Prakash Tulsiani, Chief Operating Officer and Executive Director of Operations at Allcargo Logistics, spoke to CNBC-TV18 about the financial results.

"In FY19, volumes grew by 14 percent in Container Freight Stations (CFS)/Inland Container Depot (ICD) business and above 15 percent in Multimodal Transport Operations (MTO) business. Going forward, they expect to sustain this performance," Tulsiani said on Friday.

"With a recovery in capital expenditure cycle, the utilisation went up from 40 to 72 percent in their engineering solutions business on the back of projects coming back," said Tulsiani.

Talking about the outlook, he said, "Focus will be on increasing volumes and margins by taking out costs, targeting overall margins to be anywhere between 7-7.5 percent. However, revenues will be determined by selling price in the market."
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