Allcargo Logistics (ALLCARGO) Q4 25/26 earnings summary

Executive summary

• Domestic logistics demand remained robust, supported by India's economic growth, strong consumption trends, and a focus on customer centricity and technology-led solutions, with growth in e-commerce and quick commerce segments.

• FY26 marked by the merger of consultative logistics with express business, driving improved yields, cost rationalization, and sustainable scaling through stronger customer partnerships and deeper market penetration.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved, with auditors issuing an unmodified opinion.

• The company completed a major restructuring, including the demerger of the international supply chain business and mergers of subsidiaries, impacting comparability of results.

• The business is now focused on domestic logistics services, with the fuel stations business discontinued.

Financial highlights

• FY26 consolidated revenue was ₹2,058 crore, up 5% year-on-year; Q4 revenue was ₹514 crore, nearly flat year-on-year.

• FY26 EBITDA grew 16% year-on-year to ₹233 crore; Q4 EBITDA was ₹60 crore, up 41% year-on-year.

• FY26 gross profit increased 2% year-on-year to ₹607 crore; Q4 gross profit was ₹154 crore, up 3% year-on-year.

• FY26 PAT was reported as ₹63 crore in one source and ₹25 crore in another; Q4 PAT was ₹20 crore.

• Net cash from operating activities for FY26 was ₹315 crore, up from ₹275 crore in FY25.

Outlook and guidance

• Management expects EBITDA and PBT to outpace revenue growth in coming quarters, with margin expansion plans on track and optimism for Q1 FY27.

• Revenue CAGR of 12% and gross margin CAGR of 10% projected over FY25-FY30; ROCE expected to improve by 1000+ bps by FY30.

• Additional warehouse capacity of 500,000 sq ft planned for next year, primarily asset-light.

• The company will continue to focus on domestic logistics services following restructuring and expects further impact from new labour codes.