NewsEarningsAccuracy Shipping Reports Mixed Q2 Results with Revenue Decline and Profit IncreaseAccuracy Shipping Reports Mixed Q2 Results with Revenue Decline and Profit Increase
Accuracy Shipping Limited's Q2 FY2026 results show a 24.7% year-on-year revenue decline to Rs 1,905.01 million, but a 37.2% increase in net profit to Rs 5.97 million. The logistics services segment remains the primary revenue driver, contributing 72% of total revenue. Despite challenges, the company maintains profitability across its three business segments: logistics services, sale of commercial vehicles, and sale of petroleum products.
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Accuracy Shipping Limited , a multi-segment logistics and transportation company, has released its financial results for the quarter ended September 30, 2025, revealing a mixed performance across its business segments.
Revenue and Profit Overview
The company reported consolidated revenue from operations of Rs 1,905.01 million for Q2 FY2026, marking a significant decrease from Rs 2,531.54 million in the same quarter of the previous year. This represents a year-on-year decline of approximately 24.7%.
Net profit for the quarter stood at Rs 5.97 million, up from Rs 4.35 million in Q2 FY2025, indicating a year-on-year increase of about 37.2%. However, it's important to note that this is a decrease from the previous quarter (Q1 FY2026) when the company reported a net profit of Rs 4.09 million.
Segment Performance
Accuracy Shipping operates in three primary business segments:
- Logistics Services
- Sale of Commercial Vehicles
- Sale of Petroleum and Petroleum Products
Here's a breakdown of the segment-wise performance for Q2 FY2026:
| Segment | Revenue (Rs Million) | EBITDA (Rs Million) |
|---|---|---|
| Logistics Services | 1,374.07 | 52.73 |
| Sale of Commercial Vehicles | 487.57 | 11.68 |
| Sale of Petroleum & Petroleum Products | 134.18 | 6.79 |
The logistics services segment continues to be the primary revenue driver for the company, contributing approximately 72% of the total revenue for the quarter.
Financial Position
As of September 30, 2025, Accuracy Shipping's consolidated balance sheet shows:
- Total Assets: Rs 3,051.00 million
- Total Equity: Rs 1,217.95 million
- Total Liabilities: Rs 1,833.05 million
The company's cash and cash equivalents stood at Rs 30.87 million at the end of the quarter, showing a slight increase from Rs 23.81 million at the end of the previous fiscal year.
Management Commentary
Vinay Tripathi, Managing Director of Accuracy Shipping Limited, stated, "While we faced challenges in the second quarter, particularly in terms of revenue decline, we remain focused on optimizing our operations across all business segments. The improvement in our bottom line compared to the same quarter last year is encouraging, and we are implementing strategies to drive growth and enhance profitability in the coming quarters."
Outlook
Despite the revenue decline, Accuracy Shipping's diverse business model across logistics, commercial vehicle sales, and petroleum products distribution provides multiple avenues for potential growth. The company's ability to maintain profitability in a challenging quarter suggests resilience, but investors may want to watch closely for signs of revenue recovery in future quarters.
As the logistics and transportation sector continues to evolve, Accuracy Shipping's performance in the coming quarters will be crucial in determining its ability to navigate market challenges and capitalize on opportunities in its various business segments.
Historical Stock Returns for Accuracy Shipping
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.42% | -5.46% | -13.48% | -33.76% | -46.74% | +112.27% |
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