Chartered Logistics FY26 Results: Net loss widens to ₹232 lakh
- Consolidated net loss widened to ₹232.41 lakh in FY26 from a profit of ₹123.47 lakh in FY25
- Revenue from operations fell 6.6% to ₹7,154.76 lakh as export services ceased
- Operating expenses remained high at ₹6,414.45 lakh, though employee costs rose 23.3%
- Excess tax provision write-off of ₹170.64 lakh impacted the final loss figure
- Warrants converted into 69 lakh equity shares to raise working capital
*this image is generated using AI for illustrative purposes only.
Chartered Logistics reported a consolidated net loss of ₹232.41 lakh for the financial year ended March 31, 2026, reversing a net profit of ₹123.47 lakh in the previous year. The company’s revenue from operations declined by 6.6% to ₹7,154.76 lakh, reflecting softer domestic logistics volumes and the cessation of export services.
The standalone entity mirrored this downturn, posting a net loss of ₹226.63 lakh against a profit of ₹138.52 lakh in FY25. The Board of Directors did not recommend a dividend for the year and transferred no amounts to general reserves.
Financial Performance
Total income for the group stood at ₹7,411.17 lakh, down from ₹7,868.33 lakh in the prior period. While other income rose to ₹256.41 lakh from ₹207.23 lakh, driven largely by profit on the sale of shares and mutual funds, it was insufficient to offset higher operational costs relative to revenue.
| Metric | FY26 (₹ lakh) | FY25 (₹ lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 7,154.76 | 7,661.10 | -6.6% |
| Total Income | 7,411.17 | 7,868.33 | -5.8% |
| Total Expenses | 7,444.86 | 7,705.60 | -3.4% |
| Net Profit/(Loss) | (232.41) | 123.47 | Turnaround |
Operating expenses remained robust at ₹6,414.45 lakh, representing approximately 89.6% of total revenue. Employee benefit expenses increased by 23.3% to ₹175.71 lakh, while finance costs decreased slightly to ₹218.59 lakh. Depreciation charges rose to ₹174.56 lakh from ₹159.83 lakh.
What the Numbers Show
A significant divergence exists between operating performance and reported losses due to tax adjustments. Before tax, the company incurred a loss of ₹33.69 lakh. However, the final net loss widened substantially because the company wrote off an excess tax provision of ₹170.64 lakh from earlier years. Without this non-recurring credit, the effective tax impact would have been different, highlighting that the core operational loss was relatively contained compared to the bottom-line figure.
Balance Sheet and Capital Structure
The company strengthened its equity base during the year by converting warrants into equity shares. It issued 34 lakh shares in October 2025 and 35 lakh shares in November 2025, raising capital to meet working requirements. Total borrowings stood at ₹2,141.62 lakh, comprising ₹623.12 lakh in long-term debt and ₹1,518.50 lakh in current borrowings.
Cash and cash equivalents increased to ₹718.18 lakh from ₹361.93 lakh, supported by cash generated from operations of ₹694.17 lakh. Trade receivables declined to ₹2,517.73 lakh from ₹2,724.74 lakh, indicating improved collection efficiency despite lower sales.
Corporate Governance and Compliance
Mr. Lalit Kumar Gandhi retires by rotation at the upcoming Annual General Meeting on September 25, 2026, and offers himself for reappointment. The Board also recommends the reappointment of Prakash Tekwani & Associates as statutory auditors for a second consecutive term of five years.
The secretarial audit report noted delays in filing disclosures under SEBI’s Substantial Acquisition of Shares and Takeovers Regulations and belated entries in the Structured Digital Database software. The Board attributed these lapses to technical difficulties and delayed receipt of declarations from promoters.
Historical Stock Returns for Chartered Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.95% | -11.17% | +74.73% | +32.32% | +10.42% | 0.0% |
What specific strategic initiatives will Chartered Logistics implement to reverse the 6.6% revenue decline and restore domestic logistics volumes?
How does the company plan to address the cessation of export services, and are there plans to re-enter international markets in the near future?
Given the 23.3% rise in employee benefit expenses, what measures are being taken to control operational costs while maintaining service quality?
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