Allcargo Terminals Ltd has been ordered to pay a tax demand of approximately 53 crore rupees, with most of it (around 49.1 crores) disallowed under Section 80IA. The company is currently exploring legal options to address this demand.

Allcargo Terminals has announced a 21% increase in Q3 net profit, with revenues up 16.6% YoY at ₹218 crore. This growth was accompanied by a 4% rise in March volumes to 58.6k TEUs. Shares responded positively, climbing 4.08% to ₹25.28 on the NSE on April 15.