The company earned Rs 247 crore in the Jan-March quarter, compared with Rs 54 crore in the same period last year. Revenue increased by 73% to Rs 5,776 crore. The company posted a net profit of Rs 926 crore for the full year, up five times from last year. On the back of robust operating performance, Allcargo Logistics NSE 2.72 % reported record quarterly and annual profit, which is a sign that the logistics industry is recovering from the Covid-19 pandemic. In the January-March quarter, the company’s net profit quadrupled to Rs 240 crore from Rs 59 crore a year earlier. The company posted a net profit of Rs 965 crore for the full year, more than tenfold growth. “The performance of this year is the result of sustained transformational and strategic initiatives over the past three to four years. “At the highest level, we worked on reorganizing and prioritizing our businesses: focusing on core businesses and divesting non-core businesses,” said Ravi Jakhar, chief strategy officer of Allcargo. As part of our core business practices, we have undertaken a holistic journey: accelerating sales, optimizing operations, integrating digital technology, and automating operations on the back end, thereby bringing efficiency.” Logistics companies have seen higher revenues and margins after the second wave of the pandemic.