Allcargo Logistics (ALLCARGO) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 consolidated revenue rose 18% year-over-year to ₹3,952 Cr, with EBITDA up 16% to ₹115 Cr, but net income remained a marginal loss due to ₹33 Cr forex losses; full-year FY25 revenue reached ₹16,022 Cr, up 24% YoY.

• Profit after tax for FY25 was ₹49 Cr, lower than last year due to exceptional and non-recurring items, with PAT margin for Q4FY25 at -0.08%.

• Audited standalone and consolidated results showed a decline in profitability compared to the previous year, impacted by restructuring and higher costs.

• The Board approved a major scheme of arrangement involving demerger and mergers among subsidiaries, pending NCLT approval.

• Appointment of M/s Parikh & Associates as Secretarial Auditor for five years, subject to shareholder approval.

Financial highlights

• Q4 FY25 revenue: ₹3,952 Cr (+18% YoY); EBITDA: ₹115 Cr (+16% YoY); net income improved by ₹9 Cr but still a marginal loss due to forex losses.

• FY25 consolidated revenue: ₹16,09,089 lakhs, up from ₹13,04,710 lakhs in FY24; consolidated net profit after tax: ₹4,918 lakhs, down from ₹14,000 lakhs YoY.

• Gross debt as of March 2025: ₹1,167 Cr; net debt: ₹472 Cr; cash and cash equivalents increased to ₹575 Cr.

• Operating cash flow for FY25 was ₹261 Cr, compared to -₹146 Cr in FY24.

• Exceptional items included gains from asset sales and reversal of provisions, totaling ₹624 lakhs for FY25.

Outlook and guidance

• Management expects improved bottom line as white space in contract logistics decreases and occupancy rises.

• Major restructuring, including demerger and mergers among subsidiaries, is underway to enhance operational efficiency and business focus.

• Anticipates continued strong demand and potential supply shortages or volatility in freight rates due to ongoing geopolitical uncertainties and tariff pauses.

• Domestic express business and quick commerce expected to drive incremental profits.

• NCLT hearing for restructuring scheduled for July 2025, with conclusion expected by Q2FY2025.