NewsEarningsAccuracy Shipping Reports Q2FY26 Results with Revenue Decline but Margin ImprovementAccuracy Shipping Reports Q2FY26 Results with Revenue Decline but Margin Improvement
Accuracy Shipping's Q2FY26 results reflect challenging market conditions with revenue declining 25% YoY to ₹190.50 crores, but the company demonstrated operational resilience with improved margins - EBITDA margin expanded to 3.6% from 2.6% and net profit grew 37% YoY. The company's strategic diversification across industries beyond core marble & granite and ceramic tiles sectors is showing results, with diversified sectors contributing 37% of revenues in H1FY26.
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Accuracy Shipping Limited has released its official investor presentation for Q2FY26, revealing mixed performance with revenue decline offset by improved profitability margins and strategic diversification efforts.
Financial Performance Overview
The company's Q2FY26 results demonstrate the challenging operating environment while highlighting operational improvements:
| Metric | Q2FY26 | Q2FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹190.50 cr | ₹253.20 cr | -24.7% |
| Gross Profit | ₹14.70 cr | ₹16.20 cr | -9.3% |
| EBITDA | ₹6.80 cr | ₹6.60 cr | +3.0% |
| Net Profit | ₹0.60 cr | ₹0.44 cr | +36.4% |
| Gross Margin | 7.7% | 6.4% | +131 bps |
| EBITDA Margin | 3.6% | 2.6% | +100 bps |
Half-Year Performance
For H1FY26, the company reported consolidated revenue of ₹352.20 crores compared to ₹455.30 crores in H1FY25, representing a 23% year-on-year decline. However, gross margins improved to 8.0% from 7.1% in the previous year.
Segment-wise Performance
Accuracy Shipping operates across three primary business segments with the following H1FY26 revenue contribution:
| Segment | Revenue Contribution | EBITDA Contribution |
|---|---|---|
| Logistics Services | 67% | 71% |
| Commercial Vehicles | 26% | 16% |
| Petroleum Products | 7% | 13% |
Operational Highlights
The company handled 51,698 containers in H1FY26 with an average realization of ₹47,532 per container. The operational truck fleet stood at 393 vehicles, supporting the logistics operations across 14 branch offices in India.
Industry Diversification Strategy
Accuracy Shipping has been actively reducing its dependency on core sectors. In H1FY26, marble & granite contributed 38% of revenues (down from 43% in FY23), while ceramic tiles accounted for 26%. Other diversified sectors now contribute approximately 37% of total revenues, including significant contributions from rubber, paper, textile, and glass industries.
Management Commentary
Vinay Tripathi, Managing Director, commented on the results: "In Q2FY26, the logistics industry continued to experience a slowdown, driven by the prolonged impact of the US tariff situation and broader geopolitical uncertainties. While we reported a 25% YoY decline, we achieved a healthy 18% QoQ growth, indicating early signs of stabilization."
He further added, "We have expanded our presence across sectors such as Rubber, Paper, Textile, Glass and others, which together contributed ~37% of our revenues in H1FY26, underscoring our commitment to broad-based growth."
Financial Position
As of March 2025, the company's balance sheet shows total assets of ₹305.10 crores with total equity of ₹121.80 crores. Cash and cash equivalents improved to ₹3.70 crores in H1FY26 from ₹0.70 crores in the previous year.
Outlook
Despite challenging market conditions, the company remains focused on industry diversification and operational efficiency improvements. Management expressed cautious optimism for FY26, citing improved container volumes and strategic positioning across multiple industry verticals as key growth drivers.
Historical Stock Returns for Accuracy Shipping
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.74% | +5.60% | -2.82% | -33.97% | -44.50% | +57.26% |
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