India · Delayed Price · Currency is INR Allcargo Logistics Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 delivered strong revenue and profit growth, with consolidated revenue up 11.2% year-on-year and EBITDA up 39.2%. Express Logistics volumes and yields improved, while Consultative Logistics maintained high margins and customer retention. Margin expansion and disciplined capital allocation remain key priorities.
Fiscal Year 2026
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Revenue and EBITDA grew 5% and 16% year-on-year, respectively, with margin expansion driven by operational efficiency and pricing actions. Express and consultative logistics segments both saw growth, and management expects further margin improvement as integration benefits materialize.
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Q3 FY26 saw stable profitability with improved yields despite flat revenue, supported by tech-driven efficiency and a strong macro environment. Management transition post-merger did not alter strategic priorities. Outlook for Q4 and FY27–28 remains positive, with focus on profitable growth and technology investment.
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Restructuring completed with strong Q2 FY26 results: revenue up 11% YoY, EBITDA up 27% YoY, and PBT turned positive. Express and consultative logistics achieved record revenues, with integration synergies and tech investments expected to drive further growth.
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Domestic business delivered strong revenue and EBITDA growth, while international operations faced macroeconomic and FX headwinds, resulting in flat volumes and lower EBITDA. Cost optimization and digital initiatives are expected to drive future margin improvements.
Fiscal Year 2025
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The group completed a major restructuring, enabling focused growth across international supply chain, terminals, and express logistics. Digital and AI investments, asset-light expansion, and sustainability initiatives underpin plans to double profitability and capacity by 2030.
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Q4 FY25 saw 18% revenue and 16% EBITDA growth year-over-year, with net income improving but still a marginal loss due to forex impacts. International supply chain outperformed market growth, while domestic express and contract logistics segments posted strong revenue gains. Margin pressure in contract logistics is expected to ease as occupancy improves.
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Q3 FY25 saw 28% YoY revenue growth and 24% EBITDA growth, with strong gains in contract logistics and market share. Restructuring and cost optimization continue, with INR 22-23 crores in severance costs this quarter and benefits expected post-December 2025.
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Q2 FY25 saw strong revenue and profit growth, driven by volume gains, cost control, and expansion in Latin America and e-commerce logistics. Operating leverage is expected to improve as cost-saving measures take effect, with net debt projected to decline by year-end.
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Sequential revenue and EBITDA growth were driven by strong volume gains and operational efficiencies across all segments, with international supply chain and contract logistics showing robust performance. Freight rates and supply chain risks remain key variables, but outlook is positive for continued improvement.