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Allcargo Logistics Results: Latest Quarterly Results & Analysis

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Allcargo Logistics Ltd. 13 Aug 2025 14:23 PM
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Q1FY26 Quarterly Result Announced for Allcargo Logistics Ltd.

Warehousing & Logistics company Allcargo Logistics announced Q1FY26 results

  • EBITDA of Rs 103 crore, a decline of 19% QoQ.
  • Profit after tax was significantly affected by a notional foreign exchange loss of Rs 82.78 crore.

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Warehousing & Logistics company Allcargo Logistics announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • For Q4FY25 LCL volume reported a degrowth of 3% over Q4FY24 and FCL volume reported a growth of 2% over Q4FY24.
  • For Q4FY25 air volumes reported a growth of 51% as compared to Q4FY24.
  • Total income stood at Rs 3,983 crore for Q4FY25 compared to Rs 3,385 crore for Q4FY24 on a consolidated basis
  • PAT stood at Rs -3 crore for Q4FY25 compared to Rs -12 crore for Q4FY24

FY25 Financial Highlights:

  • LCL volume for the financial year ended March’25 stood at 8.90 million CBM, depicting a growth of 1% over same period last year. FCL volume for the year stood at 648K TEUs, up 7% over same period last year.
  • Air volume for the financial year ended March’25 stood at 33.63 million kilos, this represents a growth of 30% as compared to same period last year.
  • Contract Logistics business has reported a robust revenue growth of 48% over previous financial year. EBITDA for the same period reported a growth of 2%, primarily limited by white space which is expected to come down in coming quarters.
  • Express Business (GESCPL): For financial 2024 – 2025 the business reported a revenue of Rs 1,510 crores, a growth of 2% over last year. Gross profit for the same period grew by 5% while EBITDA grew by 34%.
  • The Gross Profit margin for financial year stood at 25.4%, a growth of 80 basis points vs last year and EBITDA margin stood at 4.8%, a growth of 110 basis points over last year.
  • Total income stood at Rs 16,090 crore for FY25 compared to Rs 1,3047 crore for FY24
  • PAT stood at Rs 49 crore for FY25 compared to Rs 140 crore for FY24

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Warehousing & Logistics company Allcargo Logistics announced Q3FY25 results

  • Consolidated revenue Rs 4,106 crore, up 28% YoY
  • Consolidated EBITDA Rs 138 crore up 24% YoY
  • LCL volume for the quarter ended December 24 stood at 2.20 million CBM, depicting a growth of 2% over same period last year FCL volume for the quarter stood at 170K TEUs, up 11% over same period last year. On YTD basis, LCL volume grew by 2% and FCL volume grew by 9%.
  • Air volume for the quarter ended December 2024 stood at 8.14 million kilos. This represents a growth of 5% as compared to same period last year. On YTD basis air volume grew by 23%.
  • Contract Logistics business has reported a revenue growth of 62% on a YoY basis and 15% on Qo-Q basis on the back of new client addition and increased wallet share from existing clients.
  • Express Business: Continues to show improvement on the back of cost initiatives, for Q3FY25 EBITDA was up 215% as compared to same period last year. For the nine months ended December 2024 EBITDA was up 52% as compared to same period last year. Q3FY25 was a landmark quarter for express business, it registered highest ever quarterly volume.

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Transportation & logistics company Allcargo Logistics announced Q4FY24 results:

  • Quarterly revenue grows 6% QoQ to Rs 3,398 crore
  • Reports Rs 99 crore EBITDA
  • International Supply Chain business is witnessing green shoots of growth expected in second half of 2024. Freight rates have started increasing despite an additional supply of 1 million TEUs in container shipping capacity in 2024.
  • ECU Worldwide had a flat quarter compared to the previous quarter and we expect momentum to start building from April leading to the improvements in September and December quarters. LCL volumes reduced marginally QoQ from 2.16 million CBM to 2.12 million CBM, while FCL volumes witnessed a marginal increase from 152K to 156K TEUs.
  • Cost reduction is offset by severance costs to an extent, but severance costs will be concluded by August and hence cost reduction will help manage annual increments to control SG&A and drive bottom-line growth.
  • Contract Logistics business remained near flat and the company ASCPL reported an EBITDA of Rs 32 crore in Q4FY24.
  • Express business has seen significant improvement on the back of cost reduction, which has improved every month until March, providing healthy exit rates on operating costs. Gati’s consolidated EBITDA increased from Rs 11 crore in Q3 to Rs 14 crore in Q4FY24 representing 21% increase.
  • The focus remains strong on technology projects and GEMS 2.0 is progressing as per schedule in Gati, and various system roll outs are on schedule in ECU Worldwide including new financial ERP.

Result PDF

Allcargo Logistics announced Q3FY24 results:

Financial Summary

  • Consolidated Revenue: Rs 3,212 crore
  • Consolidated EBITDA: Rs 111 crore, slightly lower than the previous quarter's Rs 118 crore

Performance Highlights

  • Expectation of global trade revival in the second half of 2024.
  • Major cost reduction initiatives undertaken to reduce SG&A costs that will offset investments and inflationary pressures, but Q4FY24 will see one-off severance costs.
  • Marginal decline in LCL volumes in the USA and APAC, while FCL volumes grew by 2% YoY.
  • International Supply Chain business performance remained flat QoQ.
  • Domestic express business volume grew by 11% in Q3FY24 YoY, due to sales acceleration and improved service levels, despite a decline due to change in yield.
  • Significant losses in US and Germany impacted financial performance, with recovery expected in CY24.

Balance Sheet and Business Focus

  • Net Debt: Rs 214 crore as of December 2023.
  • Emphasis on digitalization, data security, and centralization of processes, including financial systems.

Operational and Strategic Developments

  • Red Sea crisis briefly affected the market capacity, with a marginal positive impact anticipated in the April to June quarter.
  • Express logistics business under Gati showed growth in volume.

Future Outlook

  • The company is well-positioned to capitalize on market opportunities with a strong focus on operational excellence and customer-centricity.

Post Result Plans

  • Implementation of a composite scheme of arrangement for demerging ISC business and merging Express and Contract Logistics into Allcargo Logistics Ltd., expected to be completed in 10-12 months.

Result PDF

Allcargo Logistics announced Q1FY24 results:

  • Combined EBITDA for Q1FY24 stood at Rs 161 crore which represents the sum of three business segments namely International Supply Chain, Express, and Contract logistics.
  • Consolidated revenue for Q1FY24 stood at Rs 3,271 crore as compared to Rs 5,474 crore for Q1FY23.
  • Reported PAT for Q1FY24 was Rs 119 crore.
  • Weak macroeconomic outlook reflected in subdued global trade activity for the industry. China’s overall exports for July declined 14.5% YoY while the imports are down 12.4% YoY. Similarly, India’s total merchandise trade is down 14% YoY in Q1FY24.
  • Our strategy is to focus on market share and volume growth amidst higher competitive intensity.
  • International Supply Chain (ISC) business EBITDA margin of 4% in Q1FY24 compares with 6.5% in FY23 and 4.7% in FY19, reflecting normalization of trade.
  • Balance sheet remains healthy with current net debt of Rs 12 crore after accounting for Rs 406 crore paid towards the acquisition of a 30% stake in GESCPL (earlier Gati KWE).
  • The express business is now at par with the best the in industry on key service parameters.

 

 

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Transportation - Logistics company Allcargo Logistics announced Q4FY23 & FY23 results:

  • Resilient business performance over the last two years has enabled the company to reduce debt. As of 31st March 2023, the company has a consolidated net cash of Rs 604 crore
  • Revenue for FY23 declined 5.3% YoY from 19,062 crore to 18,051 crore. However, the Gross Profit over the same period increased by 7.7% from 3,476 crore to 3,744 crore.
  • Ourstandalone numbers represent the India ISC business. During Q4FY23, the standalone revenue has declined by 55% YoY from Rs 950 crore in Q4FY22 to Rs 428 crore in Q4FY23, while the Gross Profit over the same period has declined by just 2% YoY
  • The company intends to revive profitability in the international supply chain business by increasing volumes and reducing SG&A
  • Company intends to offset the Gross Profit impact on account of FCL, which contributes to 30% of the total, by way of volume growth once the trade environment is normalised.

Shashi Kiran Shetty, Founder and Chairman, Allcargo Group said, “Our focus on technology continues to drive our long-term strategy. In the short term, we remain confident about our resilience in a poor macroeconomic environment for international trade. We are satisfied with the business management of the company in spite of severe headwinds in the last two quarters. The volumes are likely to improve & as this happens the performance of the company should improve.

On the domestic front, Gati continues to improve its service levels, growth in revenue & EBIDTA numbers. contract logistics business has had another stellar year. It is now jointly managed with GATI and ASCPL management.

I am happy to announce the appointment of Adarsh Hegde who is a veteran in the logistics industry & long-time leader within the group, as Managing Director. The company is poised well for growth in years to come. Most importantly we are looking closely at the future prospects to leverage the opportunities a market leader has.”

 

 

Result PDF

Allcargo Logistics announced Q2FY23 results:

  • Allcargo Logistics Q2 revenue at Rs 5,300 crore; Q2 EBITDA up 24% YoY to Rs 450 crore
  • Consolidated Business PBT grows to Rs 352 crore for Q2FY23, up 27% YoY
  • Allcargo Board approves acquisition of 30% stake in GKEPL from KWE Group
  • The company will acquire 1,50,000 shares for a consideration of Rs 406.5 crore
  • Strong Cashflows to bring down Net Debt to near-zero by December 31
  • September 30 consol net debt at Rs 535 crore (cash and bank balances), Rs 400 crore further reduction from SPA for logistics parks in the next four weeks

Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide and Gati Ltd, said, “Our commitment to values puts customers first and entrepreneurship as a way of life at Allcargo. In a true showcase of our capabilities and transformational growth, we have posted highest ever Q2 revenue and EBITDA and also the highest margin ever for any quarter, this time.” Further commenting on the additional investments in Gati, he remarked, “I am extremely delighted to see the final steps in our journey of Gati acquisition. This is our vote of confidence on the management team as  we make significant additional investments. This is also based on our belief in India’s rapid growth and emergence as major manufacturing hub for the world. This will lead to consistent economic progress, keeping in mind our young aspiring fellow Indians”. “We share an extremely close relationship with KWE group built on mutual respect and that shall continue acroreoss businesses. With this acquisition, we shall be able to expedite our restructuring plans to take Gati forward,” he further added.

Result PDF

 Allcargo Logistics announced Q1FY23 Result :

  • Allcargo Logistics Q1 revenue up 65% YoY, Q1 EBITDA doubles YoY to Rs 434 Cr
  • Consolidated Net Profit grows to Rs 280 Cr for Q1FY23, up 165% YoY
  • Allcargo Logistics reported consolidated revenue of Rs 5,675 Crores for the quarter and EBITDA stood at Rs 434 Crores. Profit before tax stood at Rs 390 Crores, including Rs 20 Crs share of profit from associates and JVs. The continued positive momentum in growth over last year has been an outcome of strategic and transformational initiatives undertaken by the company. There has been a sustained increase in revenues coming through digital platform ECU360, which now accounts for over 60% of export bookings across all key markets.
  • Express and CFS business have also continued to gain significant traction in digitisation of customer touch points. The company has recently announced its intent to restructure express and contract logistics businesses and engaged in discussions with its JV partner in express business to buy out their shareholding. Restructuring would be planned on the principles of simplicity in structure and effectiveness in management. The company continuesto focus on asset light businesses and evaluate strategic acquisitions across the world to further strengthen its competitive positioning.

Commenting on the business performance, Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide and Gati Ltd. said, “I am delighted that we have achieved remarkable success this quarter despite macroeconomic headwindsfrom Ukraine war, inflation and slowdown in demand. Against this backdrop, company achieved quarter on quarter volume growth in internationalsupply chain business and we doubled our consolidated EBITDA over last year for Q1. This is a testimony to resilience built in our performance through transformational initiatives including digitization. I am confident that we are very well positioned to drive next phase of asset light growth.”

 

Result PDF

Allcargo Logistics declares Q4FY22 result:

  • Allcargo Logistics revenue grows 91% to cross Rs 20,000 Cr, reported EBITDA Rs 1,516 Cr for FY22 
  • Consolidated Net Profit grows to Rs 900 Cr for FY22, consolidated EBITDA up 139% YoY 
  • Allcargo Logistics reported consolidated revenue of Rs 20,072 Crores for the year and EBITDA stood at  Rs 1,516  Crores.  Profit before tax stood at  Rs 1,186  Crores,  including  Rs 81 Crs share of profit from associates and JVs. 
  • This has been the best ever performance recorded by the company setting stage for next phase of growth on the back of strategic acquisitions and transformational initiatives undertaken by the company. There has been a sustained increase in revenues coming throughdigital platform ECU360, which now accounts for nearly 60% of export booking across all key markets. The company has divested project transportation business in line with asset light strategy and made strategic acquisitions in India and across the world.  

Commenting on the business performance, Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide and Gati Ltd. said,“The Company’s record performance is an outcome of sustained trategic initiatives over last few years. Our sharp focus on technology has benefitted us in many ways, be it using data science and automation to drive optimization, or digital platforms to serve customers better. Alongside, our market leading operational capabilities have allowed us to generate strong cash flows and profits also, besides exceptional growth in revenue. This approach has attracted business leaders across the world to join our management team, positioning us well to drive next phase of asset  light  growth.” 

 

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