Allcargo Logistics Ltd has posted a 28 per cent drop in its second quarter consolidated net profit as higher expenses have hurt the logistics services provider.
During July-September quarter, the company has posted a net profit of Rs 42 crore against Rs 59 crore a year-ago. Total expenses rose six per cent to Rs 1,012 crore.
Shares of the company were trading at Rs 101, down 0.79 per cent on the BSE.