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Allcargo Logistics has clocked a net sales of Rs 689.80 crore in Q2 of FY25 up 79.43% from Rs 384.43 crore in Q2 of FY24. The quarterly net profit of the company stood at Rs 36.99 crore in Q2 of FY25 up 161.04% from Rs. 14.17 crore in Q2 of FY24.
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A Sebi study found that Indian listed companies paid royalty to related parties exceeding 20% of net profits once in four times. In half the cases, royalty payments exceeded dividends paid to non-related shareholders. 1,538 instances of royalty payments within 5% of turnover were observed, with 1,353 made by profitable companies and 185 by loss-making ones.
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The reduction in the companys losses was driven by higher revenues on both a yearly and quarterly basis. Firstcrys operator reported a topline of Rs 1,905 crore in Q2FY25, up from Rs 1,507 crore in the same quarter last year and Rs 1,652 crore in Q1FY25, reflecting a 26% YoY and 15% QoQ increase.
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