Allcargo Gati Limited: Story turnaround

 

  • Allcargo Gati Limited: Story turnaround
  •  Augmenting the managerial strength: Mr. Ketan Kulkarni who was appointed as the chief growth officer of Allcargo group early this year, has been elevated as Deputy Managing Director of GESCPL effective immediately. Ketan comes with 30 years of experience spanning multiple sectors. His last stint was with Blue Dart Express as a Chief Commercial Officer where he spent 17 years leading sustainable and strategic growth initiatives 
  • Gross Margin: Gross margin has increased on a QoQ basis, for Q1FY25 gross margin stood at 27% as compared to 26% for Q4FY24  
  • EBITDA: Operating cost continues to get optimized to bring about future growth in EBITDA. For Q1FY25 EBITDA stood at Rs. 20 crores, up 11% as compared to same period last year and 33% as compared to last quarter
  • Cash Positive: Debt free as on June 2024 with a positive cash position of Rs. 196 crores after a successful QIP of Rs. 169 crores. 

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