Allcargo has came out with decent set of number in a difficult environment of reducing freight rates.
To me the most impressive announcement is the below.
Strong cash flow in past few quarters have been noticeable. Company’s yearly EPS for almost a decade have been caught between Rs. 6-10 which now appears to be in range of 40s. With debt getting reduced and superior cash flow, the RoE is improving meaningfully.
Link to media release for Q2 – https://www.bseindia.com/xml-data/corpfiling/AttachLive/478c4afd-07db-4af8-b9af-5d7337bd8131.pdf
Link to Q2 results – https://www.bseindia.com/xml-data/corpfiling/AttachLive/15288b8b-cd99-443d-be66-f18210d0b46d.pdf
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