East West Freight Carriers Limited reported a consolidated net loss of ₹3.75 crore for the financial year ended March 31, 2026, compared to a profit of ₹1.52 crore in the previous year. The shift to losses was driven by a significant contraction in revenue and rising finance costs amidst global logistical challenges.

Consolidated revenue from operations declined 29% YoY to ₹201.63 crore, down from ₹285.35 crore in FY25. The company attributed this top-line pressure to external macro factors, including new US tariff policies that delayed overseas shipments and supply chain disruptions stemming from conflicts in the Middle East, which inflated global shipping times and costs.

Financial Performance Overview

The standalone performance mirrored the consolidated trend, with the company recording a net loss of ₹4.62 crore against a profit of ₹0.63 crore in FY25. Standalone revenue stood at ₹181.73 crore, reflecting a similar downward trajectory due to reduced volumes in air and ocean freight segments.

Operational Headwinds and Cost Pressures

Management highlighted that while operating profit remained positive before interest, the final bottom line was impacted by fixed debt-servicing costs and temporary geopolitical freight cost escalations. Finance costs remained elevated at ₹7.96 crore, closely tracking the previous year's ₹8.03 crore, indicating persistent leverage despite lower revenue generation.

The company noted that core domestic demand foundations remained intact, but international trade frictions and route realignments created a transient volume decline. The board views these impacts as non-structural, expecting stabilization as trade routes normalize.

What the Numbers Show

A critical divergence is visible between the sharp 29% decline in revenue and the relatively flat finance costs. While revenue contracted significantly, the company's debt burden did not decrease proportionally, leading to a higher effective cost of debt relative to earnings. This imbalance exacerbated the swing from profit to loss, as fixed financial obligations consumed a larger share of the shrinking operating surplus.

Strategic Outlook and Recovery Signals

Despite the FY26 setback, management pointed to early signs of recovery in the first quarter of FY27. For the quarter ended June 30, 2026, consolidated revenue stood at approximately ₹45.56 crore. More notably, the company returned to a positive consolidated bottom line in Q1FY27, driven by improved operating profitability and margin discipline.

Key strategic priorities for the coming period include:

• Restoring sustainable profitability through operational discipline.
• Strengthening cash flows and reducing financing costs.
• Accelerating technology adoption and AI integration for efficiency.
• Exploring high-margin merchant trading opportunities alongside core logistics services.

The company has also secured admission for dealing its securities on the National Stock Exchange (NSE) under the 'Permitted to Trade' category, aiming to broaden its investor base and enhance liquidity.

Ms. Suman Jhakal has resigned as Non-Executive Independent Director from the board of East West Freight Carriers Ltd 's subsidiary, Unique Airfreight Express And Logistics Private Limited, effective September 11, 2026.

The logistics firm disclosed the development in a filing with stock exchanges on September 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was accepted by the board of the subsidiary company.

Resignation Details

Ms. Jhakal cited personal commitments and other professional engagements as the reasons for her departure. In her resignation letter addressed to the Board of Directors of Unique Airfreight Express and Logistics Private Limited, she confirmed that the decision was purely due to personal reasons and other professional commitments, with no other material factors involved.

She thanked the board and management for their cooperation during her tenure as an independent director at the subsidiary level.

Continued Role at Holding Company

Despite stepping down from the subsidiary's board, Ms. Jhakal continues to hold a directorship at the holding company, East West Freight Carriers Ltd. She remains a member of three key board committees at the parent entity:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholder Relationship Committee

The disclosure noted that apart from East West Freight Carriers Ltd, Ms. Jhakal does not hold directorships in any other listed entities nor serve on the boards of any other committees.

Regulatory Compliance

The intimation was filed under Schedule III of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company attached the copy of the resignation letter received from Ms. Jhakal (DIN: 09722929) along with the required disclosure details for record purposes at BSE Limited and Calcutta Stock Exchange Limited.