Allcargo Logistics Posts 5% Revenue Growth, EBITDA Up 16.5% in FY26
Allcargo Logistics posted FY26 consolidated revenue of INR 2,058 Cr, up 5% YoY, with EBITDA rising 16.50% to INR 233 Cr and full-year PAT at INR 6 Cr. Q4FY26 saw EBITDA surge 41% to INR 60 Cr and PBT grow 205.40%, while Consultative Logistics led segment performance with 17% revenue growth to INR 615 Cr.
*this image is generated using AI for illustrative purposes only.
Allcargo Logistics Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Following the successful completion of its restructuring plan and merger of its domestic supply chain business comprising Express Distribution and Contract Logistics, the company now operates as a consolidated domestic logistics entity. Q4FY26 remained focused on driving operational efficiencies, strengthening pricing discipline, and enhancing service levels.
Financial Performance
For the full financial year FY26, Allcargo Logistics delivered steady growth across key metrics. Revenue from operations rose 5% to INR 2,058 Cr from INR 1,961 Cr in the previous year. EBITDA increased by 16.50% to INR 233 Cr from INR 200 Cr, with an EBITDA margin of 11%. Gross Profit for the year stood at INR 607 Cr, up 2% year-on-year. Profit Before Tax (PBT) rose by 95.90%, reflecting steady improvement in operational efficiency and profitability post-integration. The full-year Profit After Tax (PAT) was INR 6 Cr.
In Q4FY26, revenue from operations was INR 514 Cr, marginally higher than INR 513 Cr in Q4FY25. EBITDA for the quarter surged 41% to INR 60 Cr from INR 43 Cr in the corresponding period of the previous year. PBT (before exceptional items) rose by 205.40% year-on-year. PAT for the quarter was INR 20 Cr.
The table below summarises the key financial metrics:
| Metric: | Q4FY26 | Q4FY25 | Change (%) |
|---|---|---|---|
| Revenue (INR Cr): | 514 | 513 | Stable |
| EBITDA (INR Cr): | 60 | 43 | +41% |
| PAT (INR Cr): | 20 | — | — |
| Metric: | FY26 | FY25 | Change (%) |
|---|---|---|---|
| Revenue (INR Cr): | 2,058 | 1,961 | +5% |
| Gross Profit (INR Cr): | 607 | — | +2% |
| EBITDA (INR Cr): | 233 | 200 | +16.50% |
| EBITDA Margin: | 11% | — | — |
| PBT Growth: | — | — | +95.90% |
| PAT (INR Cr): | 6 | — | — |
Segment Performance
The company's business verticals demonstrated varied growth trajectories during FY26. Surface Express revenue grew to INR 1,370 Cr from INR 1,345 Cr in FY25, driven by improved network utilisation, customer additions, and enhanced service quality. Consultative Logistics recorded the strongest growth, with revenue rising 17% to INR 615 Cr from INR 524 Cr, supported by stable client relationships and gradual demand recovery. Air Express revenue remained stable at INR 72 Cr compared to INR 71 Cr in the previous year.
| Segment: | FY26 Revenue (INR Cr) | FY25 Revenue (INR Cr) | Growth |
|---|---|---|---|
| Surface Express: | 1,370 | 1,345 | 2% |
| Consultative Logistics: | 615 | 524 | 17% |
| Air Express: | 72 | 71 | 2% |
Management Commentary
Mr. Ketan Kulkarni, Managing Director and Chief Executive Officer, commented on the results: "FY26 marked an important phase in Allcargo Logistics' journey as we brought our domestic logistics businesses together under a more integrated and future-ready framework. Over the year, we focused on building a leaner and more responsive operating model, backed by stronger process alignment, sharper cost management, and consistent service delivery across our Express and Contract Logistics businesses. Technology continues to play a central role in this transformation. We are strengthening digital capabilities across network planning, shipment visibility, warehouse operations, and customer interfaces to create a more connected and efficient logistics ecosystem. Going ahead, our emphasis will remain on scaling the business sustainably through stronger customer partnerships and deeper market penetration."
About Allcargo Logistics
Allcargo Logistics Limited, under a composite Scheme of Arrangement, has demerged its International Supply Chain business and merged its Domestic Supply Chain business, which houses Express Distribution and Consultative Logistics. The company operates a nationwide network covering 99% of India's districts and offers services including Express Distribution, Air Freight, E-commerce Logistics, and First and Last Mile Delivery. Specialised B2C services include Laabh, Bike Express, and Student Express. The group has set a target to achieve 100% carbon neutrality by 2040.
Historical Stock Returns for Allcargo Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.76% | -10.57% | +2.92% | -32.77% | -9.37% | -62.92% |
How will Allcargo Logistics sustain the 41% EBITDA growth momentum in Q4FY26 amid rising competition from well-funded logistics startups and established players in the domestic express segment?
Given the 17% revenue growth in Consultative Logistics, what new industry verticals or geographies is Allcargo targeting to further accelerate this segment's expansion in FY27?
With the domestic restructuring now complete, could Allcargo pursue strategic acquisitions or partnerships to strengthen its Air Express segment, which has remained largely stagnant at INR 72 Cr?
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