Allcargo Logistics Ltd — Interim / Quarterly Report 2023

Feb 14, 2023

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To, Listing Compliance and Legal Regulatory BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400 001 BSE Scrip Code:532749	To, Listing and Compliance National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (East), Mumbai - 400 051 NSE Symbol:ALLCARGO

February 14, 2023

Dear Sir/ Madam,

Subject: Outcome of the Board Meeting

With reference to our letter dated February 06, 2023 and in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “ Listing Regulations ”), this is to inform you that the Board of Directors of the Company at its Meeting held on February 13, 2023, inter alia:

• a. Considered and approved the Un-audited Standalone and Consolidated Financial Results for quarter and nine months ended December 31, 2022, pursuant to Regulation 33 of the Listing Regulations, along with Limited Review Reports of the Statutory Auditors thereon.

A copy of the Financial Results and the Limited Review Reports thereon, are attached herewith as Annexure A.

• b. Considered and approved the re-appointment of Mr Martin Müller (DIN: 09117683) as a Non-Executive Independent Director with effect from March 31, 2023, for second term of 3 years, based on the recommendation of the Governance and Nomination & Remuneration Committee, subject to the approval of shareholders.

Details as required under Regulation 30 of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, with respect to item no.(b) is attached herewith as Annexure B.

The meeting commenced at 03:30 p.m. and concluded at 11:50 p.m. The delay in filing of outcome is due to technical glitches.

The aforesaid information shall also be made available on the Company's website at www.allcargologistics.com.

Kindly take the above on record.

Thanking you,

Yours faithfully, For Allcargo Logistics Limited

DEVANAND Digitally signed by DEVANAND PARSHOTTAM PARSHOTTAM MOJIDRA Date: 2023.02.14 07:07:40 MOJIDRA +05'30' Devanand Mojidra Company Secretary & Compliance Officer Encl: a/a

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Allcargo Logistics Limited, 6[th] Floor, Allcargo House, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS

Annexure-B

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Particulars	Details
Reason for change	Re-appointment of Mr Martin Müller (DIN: 09117683) (“Mr Müller”)as a Non-Executive Independent Director.
Date of Re-appointment & term of Re- appointment;	Re-appointment w.e.f. March 31, 2023, for a second term of 3 years subject to the approval of the Shareholders of the Company.
Brief profile (in case of appointment);	Mr Müller is a Swiss national, with post-graduation from St. Gallen University, one of the finest school in Europe. He is well informed business leader and consultant, who worked with Mckinsey and various Logistics companies around the world. He isa Director and providing Management consultancy at Agovis Singapore Pte Ltd. He is a Non-Executive Director at Glatz AG, Frauenfeld, Switzerland.
Disclosure of relationships between directors (in case of appointment of a director).	Nil

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Allcargo Logistics Limited, 6[th] Floor, Allcargo House, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS

12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000

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Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Allcargo Logistics Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of Allcargo Logistics Limited (the “Company”) for the quarter ended December 31, 2022 and year to date from April 01, 2022 to December 31, 2022 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

2. The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed or that it contains any material misstatement.

S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants

ICAI Firm registration number: 101049W/E300004

ANIKET ANIL SOHANI

Digitally signed by ANIKET ANIL SOHANI DN: cn=ANIKET ANIL SOHANI, c=IN, o=Personal, email=aniket.sohani@srb.in Date: 2023.02.14 06:50:26 +05'30'

per Aniket Sohani Partner Membership No.: 117142 UDIN: 23117142BGYJAF5991 Mumbai

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ALLCARGO LOGISTICS LIMITED

Regd Office: Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098 STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2022

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(Rs. in Lakhs)
Particulars Quarter ended Nine Months ended Year ended
31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Continuing Operations:
1 Income
(a) Income from operations (refer note 11) 51,156 84,164 87,512 2,26,041 1,92,859 2,87,897
(b) Other income (refer note 3) 1,119 8,398 684 10,086 22,561 23,128
Total income 52,275 92,562 88,196 2,36,127 2,15,420 3,11,025
2 Expenses
(a) Operating expenses 41,237 73,955 79,159 1,96,386 1,74,481 2,59,172
(b) Employee benefits expenses 5,446 4,476 2,883 13,374 7,649 11,868
(c) Finance costs 768 823 943 2,491 2,996 3,893
(d) Depreciation and amortisation expense 367 340 339 1,043 969 1,354
(e) Other expenses 2,933 2,556 1,612 7,099 4,981 9,229
Total expenses 50,751 82,150 84,936 2,20,393 1,91,076 2,85,516
3 Profit before tax and exceptional items for the period from 1,524 10,412 3,260 15,734 24,344 25,509
continuing operations (1 - 2)
4 Exceptional items (refer note 2) - - - 3,228 1,321 1,321
5 Profit before tax (3+4) 1,524 10,412 3,260 18,962 25,665 26,830
6 Tax expense
(a) - Current tax charge 364 4,894 1,304 6,698 6,032 5,910
(b) - Deferred tax (credit) (3,300) (588) (542) (2,284) (1,510) (1,516)
7 Profit after tax for the period / year from continuing operations 4,460 6,106 2,498 14,548 21,143 22,436
(5-6)
8 Discontinuing Operation (refer note 6)
Profit/(loss) before tax from discontinuing operations ( Refer Note 3,458 4,404 3,039 11,591 13,627 15,996
6)
Tax (Income)/ expense on discontinuing operations 633 739 664 2,076 2,360 1,786
9 Profit for the year / period from discontinuing operations 2,825 3,665 2,375 9,515 11,267 14,210
10 Profit for the year / period (7+9) 7,285 9,771 4,873 24,063 32,410 36,646
11 Other comprehensive income / (expense) from Continuing
operations
(i) Items that will not be reclassified to profit or loss (23) (35) - (67) (109) (37)
(ii) Items that will be reclassified to profit or loss (net of tax) (1,513) 1,630 246 857 513 684
Other comprehensive for the year / period , net of tax (1,536) 1,595 246 790 404 647
12 Total comprehensive income (10+11) 5,749 11,366 5,117 24,853 32,814 37,293
13 Paid-up equity share capital (Face value of Rs. 2 each) 4,914 4,914 4,914 4,914 4,914 4,914
14 Other Equity 1,86,670
15 Earnings Per Share -Continuing Operation
(Face value of Rs. 2 each) (not annualised for the quarters):
(a) Basic 1.82 2.49 1.02 5.92 8.61 9.13
(b) Diluted 1.82 2.49 1.02 5.92 8.61 9.13
16 Earnings Per Share -Discontinuing Operation
(Face value of Rs. 2 each) (not annualised for the quarters):
(a) Basic 1.15 1.49 0.97 3.87 4.59 5.78
(b) Diluted 1.15 1.49 0.97 3.87 4.59 5.78
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• 8) During the year ended March 2022, the Company has entered into an agreement with Shareholders of Haryana Orbital Rail Corporation Limited (HORCL) to acquire 7.6% equity stake. Accordingly, during the period ended December 31, 2022 , the Company has invested Rs. 1,520 Lakhs in equity of HORCL. The Total Investment in HORCL as on December 31, 2022 amounts to Rs. 7,600 Lakhs.

• 9) During the year ended March 31, 2020 the Company executed agreements with Malur Logistics and Industrial Parks Private Limited, Venkatapura Logistics and Industrial Parks Private Limited (wholly owned subsidiaries of the company), Madanahatti Logistics and Industrial Parks Private Limited, Allcargo Logistics & Industrial Park Private Limited, Kalina Warehousing Private Limited, Panvel Warehousing Private Limited (together with WOS referred to as "Specified Companies") and BRE Asia Urban Holdings Ltd (�the Investor�) for transfer of controlling stake in the specified companies subject to the satisfaction of the closing conditions and achievement of certain milestones (together the 'conditions precedent') as prescribed in the agreements. Subsequent to the end of the quarter ended December 31, 2022, major conditions precedent have been fulfilled and Equity shares of Malur Logistics and Industrial Parks Private Limited and Venkatapura Logistics and Industrial Parks Private Limited representing 90% of shareholding in both companies has been sold to BRE Asia Urban Holdings Ltd on February 01, 2023.

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Allcargo Logistics Limited, 6th Floor, Allcargo House, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS

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10) Segment wise revenue and results for the quarter and Nine months ended December 31, 2022 and segment wise assets and liabilities as at December 31, 2022

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(Rs. in Lakhs)
Sr.No Particulars Quarter ended Nine Months ended Year ended
31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
1 Segment revenue (refer note 11)
Segment revenue from continuing operations
a. International Supply Chain ( Previously known as Multimodal Transport Operations)
(A) 52,359 85,517 88,455 2,29,539 1,96,030 2,92,212
Segment revenue from discontinuing operations
a. Container Freight Station Operations 11,544 11,951 11,583 34,721 34,451 45,468
b. Equipment Hiring ( Previously known as Project and Engineering Solutions) 3,287 3,189 8,727 12,995 27,362 38,500
c. Logistics Park 110 108 111 325 322 428
Total Segment revenue from discontinuing operations (B) 14,941 15,248 20,421 48,041 62,135 84,396
Total segment revenue from continuing and discontinuing operations (C=A+B) 67,300 1,00,765 1,08,876 2,77,580 2,58,165 3,76,608
Less: Inter segment revenue (D) 2,303 2,490 2,425 6,984 7,153 10,223
Net revenue from continuing and discontinuing operations (E=C-D) 64,997 98,275 1,06,451 2,70,596 2,51,012 3,66,385
2 Segment results
a. International Supply Chain ( Previously known as Multimodal Transport Operations) 5,670 7,463 6,170 20,494 11,767 19,450
Less:
i. Finance costs (768) (823) (943) (2,491) (2,996) (3,893)
ii.Unallocable expenditure (net) (4,497) (4,626) (2,651) (12,355) (6,988) (13,176)
Add:
i. Other income 1,119 8,398 684 10,086 22,561 23,128
Profit before tax and exceptional items 1,524 10,412 3,260 15,734 24,344 25,509
Add: exceptional items (refer note 2) - - 0 3,228 1,321 1,321
Total Profit before tax from Continuing operations (a) 1,524 10,412 3,260 18,962 25,665 26,830
Add : Profit before tax from discontinuing operations
a. Container Freight Station Operations 3,914 4,428 4,117 12,406 16,769 20,831
b. Equipment Hiring ( Previously known as Project and Engineering Solutions) (291) 161 (1,010) (428) (2,746) (4,251)
c. Logistics Park (165) (185) (68) (387) (396) (584)
Total Profit before tax from Discontinuing operations (b) 3,458 4,404 3,039 11,591 13,627 15,996
Total Profit before tax from Continuing and discontinuing operations (a+b) 4,982 14,816 6,299 30,553 39,292 42,826
3 Segment assets
a. International Supply Chain ( Previously known as Multimodal Transport Operations) 62,898 75,620 89,917 62,898 89,917 77,047
b. Unallocable 2,02,984 2,04,340 1,92,952 2,02,984 1,92,952 1,99,209
Total asset from continuing Operations (a) 2,65,882 2,79,960 2,82,869 2,65,882 2,82,869 2,76,256
a. Container Freight Station Operations 35,323 35,714 39,652 35,323 39,652 35,315
b. Equipment Hiring ( Previously known as Project and Engineering Solutions) 14,413 10,798 24,121 14,413 24,121 24,300
c. Logistics Park 5,038 4,982 5,105 5,038 5,105 5,144
Total asset from discontinuing Operations (b) 54,774 51,494 68,878 54,774 68,878 64,759
Total segment assets from continuing and discontinuing operations (a+b) 3,20,656 3,31,454 3,51,747 3,20,656 3,51,747 3,41,015
4 Segment liabilities
a. International Supply Chain ( Previously known as Multimodal Transport Operations) 46,430 50,731 67,248 46,430 67,248 46,119
b. Unallocable 8,927 11,121 11,386 8,927 11,386 17,413
Total liabilities from continuing Operations (a) 55,357 61,852 78,634 55,357 78,634 63,532
a. Container Freight Station Operations 10,425 10,761 10,768 10,425 10,768 10,807
b. Equipment Hiring ( Previously known as Project and Engineering Solutions) 4,345 1,438 5,640 4,345 5,640 7,771
c. Logistics Park 111 113 123 111 123 135
Total liabilities from discontinuing Operations (b) 14,881 12,312 16,531 14,881 16,531 18,713
Total segment liabilities from Continuing and Discontinuing Operations (a+b) 70,238 74,164 95,165 70,238 95,165 82,245
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Segment revenue, results, assets and liabilities represent amounts identifiable to each of the operating segments. 'Unallocable expenditure' and 'Other income' include expenditure / Unallocable assets and liabilities' include common assets/liabilities such as corporate assets/liabilities and income tax assets which is not directly identifiable to individual operat segments.

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Allcargo Logistics Limited, 6th Floor, Allcargo House, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS

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The above segment disclosure is based on revenue earned by the continuing and discontinuing segments prior to the inter division elimination. Following is segment disclosure after elimination of
11) inter division transaction.
Quarter ended Nine Months ended Year ended
Particulars
31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022
Segment revenue from continuing operations 52,359 85,517 88,455 2,29,539 1,96,030 2,92,211
Less : Inter division revenue
a. Container Freight Station Operations 1,183 1,333 885 3,356 2,905 3,951
b. Equipment Hiring ( Previously known as Project and Engineering Solutions) 14 14 50 123 247 320
c. Logistics Park 6 6 7 19 19 43
Income from continuing operations 51,156 84,164 87,512 2,26,041 1,92,859 2,87,897
Particulars Quarter ended Nine Months ended Year ended
31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022
Segment revenue from discontinuing operations 14,941 15,248 20,421 48,041 62,135 84,396
Less : Inter division revenue
a. Container Freight Station Operations 476 435 500 1,406 1,841 2,362
b. Equipment Hiring ( Previously known as Project and Engineering Solutions) 8 26 46 39 141 218
c. International Supply Chain 616 676 936 2,041 2,000 3,328
Income from discontinuing operations 13,841 14,111 18,939 44,555 58,153 78,488
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12) The figures for the previous periods have been regrouped wherever necessary to conform to the current period presentation.

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SHASHI KIRAN Digitally signed by SHASHI KIRAN JANARDHAN SHETTY JANARDHAN SHETTY Date: 2023.02.14 06:25:39 +05'30'

Digitally signed by ANIKET ANIL ANIKET ANIL SOHANIDN: cn=ANIKET ANIL SOHANI, SOHANI c=IN, o=Personal, email=aniket.sohani@srb.in Date: 2023.02.14 06:51:07 +05'30'

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Allcargo Logistics Limited, 6th Floor, Allcargo House, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS

12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000

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Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Allcargo Logistics Limited

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Allcargo Logistics Limited (the “Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”) its associates and joint ventures for the quarter ended December 31, 2022 and year to date from April 01, 2022 to December 31, 2022 (the “Statement”) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

2. The Holding Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company’s Board of Directors . Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with /Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of Holding Company, subsidiaries, associates and joint ventures listed in Annexure 1 to this report.

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1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 and 8 below nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed or that it contains any material misstatement.

2. The accompanying Statement includes the unaudited interim financial results and other financial information in respect of 131 subsidiaries, whose unaudited interim financial results include total revenues of Rs. 3,40,435 lakhs and Rs. 12,01,079 lakhs, total net profit after tax of Rs. 9,373 lakhs and Rs. 50,772 lakhs, total comprehensive income of Rs. 9,376 lakhs and Rs. 50,839 lakhs, for the quarter ended December 31, 2022 and for the period from April 1, 2022 to December 31, 2022 respectively, as considered in the Statement.

The consolidated unaudited interim financial results and other financial information, also includes Group’s share of profit after tax of Rs. 792 lakhs and Rs. 1,708 lakhs and Group’s share of total comprehensive income of Rs. 792 lakhs and Rs. 1,708 lakhs for the quarter ended December 31, 2022 and for the period from April 01, 2022 to December 31, 2022 respectively, in respect of 3 associates and 7 joint ventures, based on their interim financial information. The independent auditor’s reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries, joint ventures and associates is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.

1. Certain subsidiaries, associates and joint ventures are located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company’s Management has converted the financial results of such subsidiaries, associates and joint ventures located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company’s Management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries, associates and joint ventures located outside India is based on the report of other auditors and the conversion adjustments prepared by the Management of the Holding Company and reviewed by us.

2. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of 20 subsidiaries, whose interim financial results reflect total revenues of Rs 880 lakhs and Rs 2,485 lakhs, total net profit after tax of Rs. 52 lakhs and Rs. 359 lakhs, total comprehensive income of Rs. 52 lakhs and Rs. 359 lakhs for the quarter ended December 31, 2022 and for the period from April 1, 2022 to December 31, 2022 respectively.

The consolidated unaudited financial results also includes the Group’s share of net profit after tax of Rs 202 lakhs and Rs. 545 lakhs, total comprehensive income of Rs. 202 lakhs and Rs. 545 lakhs, for the quarter ended December 31, 2022 and the period ended on that date respectively, in respect of 2 associates and 4 joint ventures, based on their interim financial information.

The unaudited interim financial results and other unaudited financial information of the these subsidiaries, joint ventures and associates have not been reviewed by their auditors and have been

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approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries, joint ventures and joint operations and associates, is based solely on such unaudited interim financial statement/financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group.

Our conclusion on the Statement in respect of matters stated in para 6 and 8 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results certified by the Management.

For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: Digitally signed by ANIKET ANIL 101049W/E300004 ANIKET ANIL SOHANIDN: cn=ANIKET ANIL SOHANI, SOHANI c=IN, o=Personal, email=aniket.sohani@srb.in per Aniket Sohani Date: 2023.02.14 06:51:29 +05'30' Partner Membership No.: 117142 UDIN: 23117142BGYJAG9185 Mumbai

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Annexure 1 to Independent Auditor’s Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

a. List of subsidiaries (direct and indirect) considered for consolidation:

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SN Particulars SN Particulars
1 Allcargo Inland Park Private Limited 35 Contech Logistics Solutions Pvt. Ltd
2 AGL Warehousing Pvt. Ltd. 36 Avvashya Supply Chain Private Limited
3 Comptech Solutions Pvt. Ltd. 37 Ecu International (Asia) Pvt. Ltd.
4 Speedy Multimodes Limited 38 Transindia Logistic Park Pvt Ltd.
5 Malur Logistics and Industrial Parks Private 39 Allcargo Multimodal Private Limited
Limited
6 Koproli Warehousing Private Limited 40 Jhajjar Warehousing Private Limited
7 Bhiwandi Multimodal Private Limited 41 Allcargo Warehousing Management
Private Limited
8 Marasandra Logistics and Industrial Parks 42 Venkatapura Logistics and Industrial
Private Limited Parks Private Limited
9 Allcargo Terminals Limited 43 Avvashya Projects Private Limited
10 Avvashya Inland Park Private Limited 44 Panvel Industrial Parks Private Limited
11 Gati Limited 45 Gati- Kintetsu Express Private Limited
12 Zen Cargo Movers Private Limited 46 Gati Import Export Trading Limited
13 Gati Projects Private Limited 47 Gati Logistics Parks Private Limited
14 Ecu Worldwide (Argentina) SA 48 Ecu-Line Algerie sarl
15 Integrity Enterprises Pty Ltd 49 Ecu Worldwide Australia Pty Ltd
16 FMA-Line Holding N. V. 50 Ecu Worldwide (Belgium) N.V
17 Ecu International N.V. 51 Ecuhold N.V.
18 HCL Logistics N.V. 52 Ecu Global Services N.V.
19 AGL N.V. 53 European Customs Brokers N.V.
(upto December 31, 2022)
20 Ecu Worldwide Logistics do Brazil Ltda 54 Allcargo Belgium N.V.
21 Ecu Worldwide (Chile) S.A 55 Ecu Worldwide (Canada) Inc.
22 Ecu Worldwide (Guangzhou) Ltd. 56 Flamingo Line Chile S.A.
23 Ecu Worldwide China Ltd 57 China Consolidation Services Ltd
24 Nordicon Terminals AB 58 Ecu Worldwide (Colombia) S.A.S.
25 ECU WORLDWIDE (CZ) s.r.o. 59 Ecu Worldwide (Cyprus) Ltd.
26 Flamingo Line del Ecuador SA 60 Ecu - Worldwide - (Ecuador) S.A.
27 Ecu Worldwide (El Salvador) S.P. Z.o.o S.A. 61 Ecu World Wide Egypt Ltd
de CV
28 ELWA Ghana Ltd. 62 ECU WORLDWIDE (Germany) GmbH
29 Ecu Worldwide (Hong Kong) Ltd. 63 Ecu Worldwide (Guatemala) S.A.
30 CCS Shipping Ltd. 64 Ecu International Far East Ltd.
31 Ecu Worldwide Italy S.r.l. 65 PT Ecu Worldwide Indonesia
32 Ecu Worldwide (Cote d'Ivoire) sarl 66 Eurocentre Milan srl.
33 Jordan Gulf for Freight Services and 67 Ecu Worldwide (Japan) Ltd.
Agencies Co. LLC
34 Ecu Shipping Logistics (K) Ltd. 68 Ecu Worldwide (Kenya) Ltd
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SN Particulars SN Particulars
69 Ecu Worldwide (Mauritius) Ltd. 107 Ecu Worldwide (Malaysia) SDN. BHD.
70 Ecu Worldwide Mexico SA de CV 108 CELM Logistics SA de CV
71 Ecu Worldwide (Netherlands) B.V. 109 Ecu Worldwide Morocco S.A
72 FCL Marine Agencies B.V. 110 Rotterdam Freight Station BV
73 Ecu Worldwide (Panama) S.A 111 Ecu Worldwide New Zealand Ltd
74 Flamingo Line del Peru SA 112 Ecu-Line Paraguay SA
75 Ecu Worldwide (Philippines) Inc. 113 Ecu-Line Peru SA
76 Ecu-Line Doha W.L.L. 114 Ecu Worldwide (Poland) Sp zoo
77 Ecu - Worldwide (Singapore) Pte. Ltd 115 Ecu-Line Saudi Arabia LLC
78 Ecu-Line Spain S.L. 116 Ecu Worldwide (South Africa) Pty Ltd
79 Ecu Worldwide (BD) Limited 117 ECU Worldwide Lanka (Private) Ltd.
80 Société Ecu-Line Tunisie Sarl 118 Ecu Worldwide (Thailand) Co. Ltd.
81 Ecu-Line Middle East LLC 119 Ecu Worldwide Turkey Taşımacılık
Limited Şirketi
82 Eurocentre FZCO 120 Ecu-Line Abu Dhabi LLC
83 Ecu Worldwide (UK) Ltd 121 Star Express Company Ltd.
84 CLD Compania Logistica de Distribucion SA 122 Ecu Worldwide (Uruguay) S.A.
85 PRISM GLOBAL, LLC 123 Guldary S.A.
86 Econoline Storage Corp. 124 Ecu worldwide USA
87 OTI Cargo, Inc. 125 ECI Customs Brokerage, Inc.
88 Administradora House Line C.A. 126 Ports International, Inc.
89 Ecu Worldwide Vietnam Joint Stock 127 TransIndia Realty & Logistics Parks
Company Limited
90 Ecu-Line Zimbabwe (Pvt) Ltd. 128 Ocean House Ltd.
(upto August 10, 2022)
91 Contech Transport Services (Pvt) Ltd 129 Asia Line Ltd
92 Eculine Worldwide Logistics Co. Ltd. 130 Prism Global Ltd.
93 FMA-LINE Nigeria Ltd. 131 Allcargo Logistics LLC
94 FMA Line Agencies Do Brasil Ltda 132 Ecu Worldwide (Uganda) Limited
95 Centro Brasiliero de Armazenagem E 133 FCL Marine Agencies Belgium bvba
Distribuiçao Ltda (Bracenter)
(upto December 21, 2022)
96 Oconca Container Line S.A. Ltd. 134 Allcargo Hongkong Limited
97 ECU WORLDWIDE SERVICIOS SA DE 135 Almacen y Maniobras LCL SA de CV
CV
98 ECU Worldwide CEE S.R.L 136 ECU TRUCKING, INC.
99 Ecu Worldwide Baltics 137 Allcargo Logistics Africa (PTY) LTD
100 East Total Logistics B.V. 138 AGL Bangladesh Private Limited
101 ECU Worldwide Tianjin Ltd 139 Ecu Worldwide (Bahrain) Co. W.L.L.
102 SPECHEM SUPPLY CHAIN 140 PAK DA (HK) LOGISTIC Ltd
MANAGEMENT (ASIA) PTE. LTD
103 Asiapac Logistics Mexico SA de CV 141 Allcargo Logistics FZE
104 Gati Hong Kong Limited 142 Allcargo Logistics China Ltd.
105 ALX Shipping Agencies India Private 143 Gati Asia Pacific Pte Ltd.
Limited
106 Dankuni Industrial Parks Private Limited 144 Gati Cargo Express (Shanghai) Co. Ltd.
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SN	Particulars	SN	Particulars
145	ECUNORDICON AB	151	Hoskote WarehousingPrivate Limited
146	Nordicon AB	152	PFC Nordic AB (upto December 30,2022)
147	NORDICON A/S	153	RailGate Nordic AB
148	Asia Pac Logistics DE Guatemala S.A.	154	Fair Trade Gmbh Schiffhart, handel und Logistik
149	Asia Express Line GmbH	155	Asiapac EquityInvestment Limited
150	ASIAPAC TURKEY TASIMACILIK ANONIM SIRKETI

b. List of associates (direct and indirect) considered for consolidation:

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SN Particulars
1 Allcargo Logistics Lanka (Private) Limited
2 FCL Marine Agencies Gmbh (Bermen)
3 RailGate Europe B.V
4 Trade Xcelerators LLC
5 Harayana Orbital Rail Corporation Limited
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c. List of joint ventures (direct and indirect) considered for consolidation:

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SN Particulars
1 Transnepal Freight Services Pvt.Ltd
2 Allcargo Logistics Park Pvt.Ltd.
3 Avvashya CCI Logistics Private Limited
4 Altcargo Oil & Gas Private Limited
5 Ecu Worldwide Peru S.A.C.
6 Fasder S.A.
7 Ecu Worldwide Korea Co., Ltd.
8 Allcargo Logistics Korea Co., Ltd.
9 Aladin Group Holdings Limited
10 Aladin Express DMCC
11 ALX Shipping Agency LC
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ALLCARGO LOGISTICS LIMITED

Regd Office: Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2022

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(Rs. In Lakhs)
Quarter ended Nine Months ended Year ended
Sr. No. Particulars 31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Continuing Operations:
1 Income
(a) Income from operations 4,09,902 5,07,880 5,59,941 14,59,901 13,59,789 19,06,206
(b) Other income 740 2,191 1,386 4,528 3,033 3,039
Total income 4,10,642 5,10,071 5,61,327 14,64,429 13,62,822 19,09,245
2 Expenses
(a) Operating expenses 3,17,610 4,07,242 4,56,955 11,71,878 11,10,836 15,58,574
(b) Changes in inventories of stock in trade (8) (69) 83 31 153 53
(c) Employee benefits expense 50,568 47,701 43,566 1,43,396 1,17,819 1,61,411
(d) Finance cost 2,229 2,373 2,015 6,478 6,445 8,693
(e) Depreciation and amortisation expense 6,934 6,484 5,960 19,795 17,147 23,757
(f) Other expenses 18,834 16,408 15,938 50,105 43,183 59,381
Total expenses 3,96,167 4,80,139 5,24,518 13,91,683 12,95,582 18,11,868
Profit before share of profit from associates and joint 14,475 29,932 36,809 72,746 67,240 97,377
3 ventures, exceptional item and tax from continuing
operations (1 - 2)
4 Share of profit from associates and joint ventures (592) 794 3,007 2,245 6,310 8,120
5 Profit before tax and exceptional item (3 + 4) 13,883 30,726 39,816 74,991 73,550 1,05,497
6 Exceptional items (refer note 2) (79) 331 (0) 3,898 4,919 2,611
7 Profit before tax (5 + 6) 13,804 31,057 39,816 78,890 78,469 1,08,108
8 Tax expense
(a) Current tax 4,693 12,412 8,175 25,853 20,936 28,033
(b) Deferred tax charge/(credit) (3,332) (635) (754) (2,786) (2,763) (2,331)
9 Profit after tax from continuing operations (7 - 8) 12,443 19,281 32,395 55,823 60,296 82,406
Discontinuing Operation (refer note 6):
10 Profit/(loss) before tax from discontinuing operations 4,127 4,589 4,062 13,726 15,194 16,906
Tax (Income)/ expense on discontinuing operations 880 868 973 2,834 3,085 2,852
Profit for the year/period from discontinuing operations 3,247 3,721 3,088 10,892 12,109 14,054
11
12 Profit for the year/period from continuing and 15,690 23,002 35,484 66,715 72,405 96,460
discontinuing (9 +11)
13 Other Comprehensive Income/(Expense)
Items that will not be reclassified to profit or loss (net of tax)
(a)
(102) (50) (25) (242) (162) (412)
(b) (i) Items that will be reclassified to profit or loss 12,384 (1,838) 5 9,004 543 2,128
(ii) Income tax relating to items that will be reclassified to
profit or loss (1,597) 1,242 (33) (413) (124) (68)
Other Comprehensive Income/(Expense) 10,685 (646) (53) 8,349 257 1,648
Total comprehensive income (12 + 13) 26,375 22,356 35,431 75,064 72,662 98,108
14 Profit attributable to
(a) Owners of the Company 15,592 21,161 33,366 63,236 67,886 92,573
(b) Non-controlling interest 98 1,841 2,118 3,479 4,519 3,887
15 Other Comprehensive Income/(Expense)
(a) Owners of the Company 10,558 (329) (33) 8,824 211 1,654
(b) Non-controlling interest 127 (317) (20) (475) 46 (6)
16 Total Comprehensive Income
(a) Owners of the Company 26,150 20,832 33,333 72,060 68,097 94,227
(b) Non-controlling interest 225 1,524 2,098 3,004 4,565 3,881
17 Paid-up equity share capital (Face value of Rs. 2 each)
4,914 4,914 4,914 4,914 4,914 4,914
18 Other Equity 3,11,262
19 Earnings Per Share for continuing operations (Face value
of Rs. 2 each) (not annualised for the quarters):
(a) Basic 5.02 7.10 12.32 21.30 22.70 31.96
(b) Diluted 5.02 7.10 12.32 21.30 22.70 31.96
20 Earnings Per Share for discontinuing operations (Face
value of Rs. 2 each) (not annualised for the quarters):
(a) Basic 1.32 1.51 1.26 4.43 4.93 5.72
(b) Diluted 1.32 1.51 1.26 4.43 4.93 5.72
21 Earnings Per Share for continuing and discontinuing
operations (Face value of Rs. 2 each) (not annualised for
the quarters):
(a) Basic 6.35 8.61 13.58 25.74 27.63 37.68
(b) Diluted 6.35 8.61 13.58 25.74 27.63 37.68
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Notes: 1) The statement of unaudited consolidated financial results for the quarter and nine months ended December 31, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 13, 2023. The Statutory Auditors have conducted review of these results pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. There are no qualifications in the report issued by the auditors.

• 2) Exceptional Items includes the following:-

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Quarter Quarter Nine Months ended Nine Months Year ended
Particulars Quarter 30.09.2022
31.12.2022 31.12.2021 31.12.2022 ended 31.12.2021 31.03.2022
Gain on disposal of Subsidiary (Net) - - - - 5,567 5,567
Profit on sale of Land - - - - 1,152 1,152
Severance Payment (net off provisions for reversals) - - - - (498) (498)
Provision for claims receivable and advance - - - - - (75)
Gain / (loss) on realised & fair value of assets held for sale (79) 331 - 670 (1,302) (1,851)
Gain on sale of Project Logistics Business (refer note 8) - - - 3,229 - -
Others - - - - - [ (1,683)]
Total from continuing operations (79) 331 - 3,899 4,919 2,611
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• 3) In respect of one of the Subsidiary, Gati Limited, with respect to the appeal filed by the Air India against arbitral award of Rs. 2,200 Lakhs, an immovable property was given as collateral in the financial year 2015-16. Based on the application for release of the collateral, the Hon'ble High Court of Delhi, vide the order dated April 18th 2022, released the said immovable property in lieu of Bank Guarantee of equivalent amount (with 100% margin) as security.

• 4) During the quarter ended December 31, 2022, the board of directors of Allcargo Logistics Limited approved the acquisition of 1,50,000 Equity Shares i.e. 30% stake in the flagship subsidiary "Gati-Kintetsu Express Private Limited (GKEPL)" from KWE-Kintetsu World Express (S) Pte Ltd and KWE Kintetsu Express (India) Private Limited (“KWE / KWE Group”).

• 5) On June 11, 2021, The Board of directors of the Company had approved and given its consent to the scheme of demerger under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 whereby the contract logistics business of its joint venture entity namely Avvashya CCI Logistics Private Limited will get transferred to Avvashya Supply Chain Private Limited (formerly known as South Asia Terminals Private Limited) a wholly owned subsidiary of the Company, on the going concern basis with mirror shareholding. The Hon’ble National Company Law Tribunal, Mumbai Bench has sanctioned the Scheme of Demerger. The Certified True Copy of the NCLT order has been received subsequent to the quarter ended December 31, 2022. Pending filing of the NCLT order with Registrar Of Companies (ROC), the demerger scheme has not been given effect in the above results.

• 6) On December 23, 2021, the Board of Directors of the Company considered and approved the restructuring of the business of the Company by way of a scheme of arrangements and demerger ("Scheme") whereby (1) Container Freight Station/Inland Container Depots businesses and other related business as defined under scheme (“Demerged Undertaking 1”) will be demerged into Allcargo Terminals Limited (the “Resulting Company 1” or “ATL”), wholly owned subsidiary (“WOS”) of the Company; and (2) Construction & leasing of Logistics Parks, leasing of land & commercial properties, Engineering Solutions (hiring and leasing of equipment’s) business and other related business as defined under scheme ("Demerged Undertaking 2”) will be demerged into TransIndia Realty & Logistics Parks Limited (the “Resulting Company 2” or “TRLPL”) WOS of the Company, on a going concern basis. As per the scheme, the demerger will be given effect from the Appointed Date of April 01, 2022. Resulting Company 1 and Resulting Company 2, shall have mirror shareholding of the Company and shares of the Resulting Company 1 and Resulting Company 2 will be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) post necessary regulatory and other approvals. The Scheme has been approved by BSE and NSE. Subsequent to quarter ended December 31, 2022, the Hon’ble National Company Law Tribunal, Mumbai Bench ("NCLT"), sanctioned the Scheme. The Company has applied for the Certified True Copy of the order along with sanctioned scheme which is awaited. Pending filing of the NCLT order with Registrar Of Companies (ROC), the demerger scheme has not been given effect in the above results. The Company has been legally advised on the same.

The aforesaid scheme has been considered as highly probable and meet the criteria prescribed in Ind AS 105 "Non-current Assets Held for Sale and discontinuing Operations" to be considered as discontinuing operation, hence Container Freight Station/Inland Container Depots businesses and other related business , Construction & leasing of Logistics Parks, leasing of land & commercial properties and Engineering Solutions (hiring and leasing of equipment’s) business has been disclosed as discontinuing operation in consolidated financial results. Accordingly, all previous periods figures in the financial results have also been restated .Corporate costs have not been allocated to the discontinuing operations. The details for which are summarised below:

Particulars	Quarter ended December 31, 2022	Quarter ended December 31, 2022	Quarter ended September 30, 2022	Quarter ended September 30, 2022	Quarter ended December 31, 2021	Quarter ended December 31, 2021	Nine Months ended December 31, 2022	Nine Months ended December 31, 2022	Nine Months ended December 31, 2021	Nine Months ended December 31, 2021	Year ended March 31, 2022	Year ended March 31, 2022	Year ended March 31, 2022
Total revenue		22,430		22,146		26,964		69,945		69,826			1,01,001
Total Expenses		18,303		17,656		22,902		55,873		58,457			87,920
Profit and Loss for the period before tax and Exceptional Item		4,127		4,489		4,062		14,071		11,369			13,082
Exceptional Item		-		100		-		(345)		3,825			3,825
Profit and Loss for the period before tax and after Exceptional		4,127		4,589		4,062		13,726		15,194			16,906
Item

• The above results of discontinuing operations is after the elimination of inter segment revenue and costs based on current arrangements for cost allocation between the divisions involved in continuing and discontinuing operations.

• 7) During the year ended March 2022, the Company has entered into an agreement with Shareholders of Haryana Orbital Rail Corporation Limited (HORCL) to acquire 7.6% equity stake. Accordingly, during the period ended December 31, 2022 , the Company has invested Rs. 1,520 Lakhs in equity of HORCL. The Total Investment in HORCL as on December 31, 2022 amounts to Rs. 7,600 Lakhs.

• 8) The Board of directors of the Company at its meeting held on February 11, 2022 considered and approved the firm binding offer dated February 10, 2022 received from J M Baxi Heavy Private Limited (hereinafter referred as "Buyer") for sale of Projects Logistics business through Business Transfer Agreement under slump sale basis for lumpsum consideration of Rs.98.64 Crores and recorded gain as an exceptional item. The related Conditions Precedents as mentioned in Business Transfer Agreement has been complied by the Company to the satisfaction of the buyer on May 9, 2022.

• 9) During the year ended March 31, 2020 the Company executed agreements with Malur Logistics and Industrial Parks Private Limited, Venkatapura Logistics and Industrial Parks Private Limited (wholly owned subsidiaries of the company), Madanahatti Logistics and Industrial Parks Private Limited, Allcargo Logistics & Industrial Park Private Limited, Kalina Warehousing Private Limited, Panvel Warehousing Private Limited (together with WOS referred to as "Specified Companies") and BRE Asia Urban Holdings Ltd (“the Investor”) for transfer of controlling stake in the specified companies subject to the satisfaction of the closing conditions and achievement of certain milestones (together the 'conditions precedent') as prescribed in the agreements. Subsequent to the end of the quarter ended December 31, 2022, major conditions precedent have been fulfilled and Equity shares of Malur Logistics and Industrial Parks Private Limited and Venkatapura Logistics and Industrial Parks Private Limited representing 90% of shareholding in both companies has been sold to BRE Asia Urban Holdings Ltd on February 01, 2023.

10) Unaudited Consolidated Segmentwise revenue and results for the quarter and nine months ended December 31, 2022 and segmentwise assets and liabilities as at December 31, 2022

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(Rs. In Lakhs)
Sr.No Particulars Quarter ended Nine Months ended Year ended
31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
1 Segment revenue
From continuing operations:
a. International Supply Chain (previously known as Multimodal 3,67,143 4,65,946 5,20,161 13,33,207 12,52,047 17,64,227
Transport Operations)
b. Express Distribution 43,555 43,511 41,375 1,30,167 1,11,321 1,48,994
c. Others and unallocable 978 105 (294) 1,200 292 686
Less: Inter segment revenue (1,773) (1,686) (1,301) (4,673) (3,870) (7,701)
Segment revenue from continuing operations: 4,09,904 5,07,876 5,59,941 14,59,901 13,59,789 19,06,206
From discontinuing operations:
a. Container Freight Station Operations 17,506 17,891 17,594 52,302 40,372 57,492
b. Equipment Hiring ( Previously known as Project and Engineering 2,773 2,159 8,181 11,432 25,477 36,063
Solutions)
c. Logistics Park 2,990 3,018 2,263 8,894 6,400 9,008
d. Others and unallocable - -
Less: Inter segment revenue (839) (922) (1,075) (2,684) (2,422) (1,562)
Net revenue from discontinuing operations (refer note 7) 22,430 22,146 26,964 69,945 69,826 1,01,001
Net revenue from continuing and discontinuing operations 4,32,334 5,30,021 5,86,905 15,29,846 14,29,615 20,07,207
2 Segment results
a. International Supply Chain (previously known as Multimodal 23,188 35,180 38,937 91,538 81,436 1,18,667
Transport Operations)
b. Express Distribution (849) (45) 82 (991) (1,524) (3,192)
Total 22,338 35,135 39,019 90,547 79,912 1,15,475
Less:
i. Finance costs (2,229) (2,373) (2,015) (6,478) (6,445) (8,693)
ii. Unallocable expenditure (net) (6,375) (5,021) (1,581) (15,850) (9,260) (12,444)
Add:
i. Other income 740 2,191 1,386 4,528 3,033 3,039
14,475 29,932 36,809 72,746 67,240 97,377
Profit before tax, exceptional item, minority interest and share of
profits from associates and joint ventures from continuing
operations
Share of profit from associates and joint ventures (592) 794 3,007 2,245 6,310 8,120
13,883 30,726 39,816 74,991 73,550 1,05,497
Profit before tax and exceptional item from continuing operations
Exceptional item (79) 331 (0) 3,898 4,919 2,611
Profits before tax from continuing operations 13,804 31,057 39,816 78,890 78,469 1,08,108
Add : Profits before tax from discontinuing operations
a. Container Freight Station Operations 4,878 3,950 3,733 12,972 13,683 16,840
b. Equipment hiring (previously known as Project and Engineering 36 464 (320) 550 (1,663) (2,076)
Solutions)
c. Logistics Park (787) 176 649 204 3,174 2,142
Profit before tax, minority interest and share of profits from
4,127 4,589 4,062 13,726 15,194 16,907
associates and joint ventures from discontinuing operations
Total Profit before tax from Continuing and discontinuing 17,931 35,647 43,878 92,616 93,663 1,25,015
operations
3 Segment assets from continuing operations:
a. International Supply Chain (previously known as Multimodal 4,97,034 5,37,541 5,46,813 4,97,034 5,46,813 5,42,963
Transport Operations)
b. Express Distribution 1,27,883 1,21,319 1,07,429 1,27,883 1,07,429 1,15,059
c. Unallocable 1,11,683 1,10,362 84,489 1,11,683 84,489 1,00,330
Total segment assets from continuing operations 7,36,601 7,69,222 7,38,731 7,36,601 7,38,731 7,58,352
Segment assets from discontinuing operations:
a. Equipment hiring (previously known as Project and Engineering 16,119 11,701 24,988 16,119 24,988 25,129
Solutions)
b.Container Freight Station Operations 63,946 63,370 67,863 63,946 67,863 63,743
c. Logistics Park 1,16,456 1,14,009 1,04,617 1,16,456 1,04,617 1,11,848
Total segment assets from discontinuing operations 1,96,521 1,89,080 1,97,468 1,96,521 1,97,468 2,00,720
Total segment assets from continuing and discontinuing 9,33,121 9,58,302 9,36,199 9,33,121 9,36,199 9,59,072
operations
4 Segment liabilities from continuing operations
a. International Supply Chain (previously known as Multimodal 2,75,554 3,14,188 3,30,885 2,75,554 3,30,885 3,22,652
Transport Operations)
b. Express Distribution 48,599 46,599 31,425 48,599 31,425 43,978
f. Unallocable 25,413 27,828 22,386 25,413 22,386 24,276
Total segment liabilities from continuing operations 3,49,566 3,88,615 3,84,696 3,49,566 3,84,696 3,90,906
Segment liabilities from discontinuing operations
b. Container Freight Station Operations 16,071 16,240 25,757 16,071 25,757 16,267
c. Equipment hiring (previously known as Project and Engineering 6,124 2,483 6,560 6,124 6,560 8,487
Solutions)
d. Logistics Park 3,586 5,031 5,604 3,586 5,604 5,189
Total segment liabilities from discontinuing operations 25,781 23,754 37,921 25,781 37,921 29,943
Total segment liabilities from continuing and discontinuing 3,75,346 4,12,369 4,22,617 3,75,346 4,22,617 4,20,849
operations
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Segment revenue, results, assets and liabilities represent amounts identifiable to each of the operating segments. 'Unallocable expenditure' and 'Other income' include expenditure / income in relation to common services such as corporate expenditure and interest / dividend which is not directly identifiable to individual operating segments.

Unallocable assets and liabilities' include common assets/liabilities such as corporate assets/liabilities and income tax assets which is not directly identifiable to individual operating segments.

11) The unaudited standalone and consolidated financial results of the Company are available on the Company's website www.allcargologistics.com.

12) The figures for the previous periods have been regrouped wherever necessary to conform to the current period presentation.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS OF ALLCARGO LOGISTICS LIMITED

SHASHI KIRAN Digitally signed by SHASHI KIRAN JANARDHAN SHETTY JANARDHAN SHETTY Date: 2023.02.14 06:26:52 +05'30' SHASHI KIRAN SHETTY CHAIRMAN & MANAGING DIRECTOR DIN: 00012754

FOR S.R. BATLIBOI & ASSOCIATES LLPICAI FIRM REGISTRATION NO. 101049W/E300004 ANIKET ANIL Digitally signed by ANIKET ANIL SOHANIDN: cn=ANIKET ANIL SOHANI, SOHANI c=IN, o=Personal, email=aniket.sohani@srb.in Date: 2023.02.14 06:52:33 +05'30' PER ANIKET SOHANI PARTNER MEMBERSHIP NO.117142

PLACE: MUMBAI DATE: FEBRUARY 13, 2023

PLACE: MUMBAI DATE: FEBRUARY 13, 2023