Allcargo Logistics Board of Directors to contemplate interim dividend on 16 March

Allcargo BOD to meet on 16th Mar

On Friday, Allcargo Logistics- the global multimodal logistics provider – announced that a meeting of the Board of Directors will be held on Wednesday, 16th March to consider the recommendation of an interim dividend for the financial year 2021-22. The eligibility of shareholders for payment of interim dividend will be decided by the board on Friday, 25th March.

Allcargo Logistics is India’s largest integrated logistics solutions provider. Its services comprise global multimodal transport operations, pan-India container freight stations, inland container depots, third-party logistics, warehousing, contract logistics and logistics parks.

The company’s consolidated net profit stood at Rs 354.86 crore in Q3 FY22 as compared to a net profit of Rs 1.41 crore in Q3 FY21. Consolidated net sales surged 114.61% to INR 5869.05 crore in Q3 FY22 over INR 2734.68 crore in Q3 FY21.

Shares of Allcargo Logistics were trading 1.58% higher at INR 308.5 on BSE.

Credit: Capital Market

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