Allcargo Logistics Limited , a prominent player in the Indian logistics sector, has reported a significant turnaround in its financial performance for the second quarter of fiscal year 2026. The company achieved a profit before tax of INR 9.00 crores, marking a positive shift from losses in previous quarters. This improvement comes on the heels of the completion of its composite scheme that restructured the company's operations.

Key Financial Highlights

• Revenue Growth: The company reported an 11% year-on-year increase in revenue, reaching INR 537.00 crores for Q2 FY26.
• EBITDA Performance: EBITDA saw a substantial rise of 27% year-on-year, amounting to INR 62.00 crores.
• Volume Handled: Allcargo managed a total volume of 3.26 lakh metric tons, up 6% year-on-year and 11% quarter-on-quarter.

Segment-wise Performance

Express Business

Consultative Logistics Business

• Warehouse Space: 8.4 million square feet under management

Restructuring Impact

The company's composite scheme, which became effective on November 1, 2025, has led to significant changes:

1. Demerger of international business into Allcargo Global.
2. Merger of Express and Consultative Logistics businesses into Allcargo Logistics.
3. Elimination of the holding structure, resulting in a single operating listed entity.

Financial Adjustments

The reported financials include certain one-time items that affected the bottom line:

• Amortization charge of INR 12.00 crores in Q2 related to the Gati acquisition, which will not recur in future quarters.
• One-time expenses of INR 15.00 crores related to the composite scheme.

Adjusting for these items, the effective profit for Q2 FY26 stands at INR 9.00 crores.

Management Commentary

Ketan Kulkarni, Managing Director and CEO of Allcargo Logistics, expressed optimism about the company's performance: "Our Express business has delivered the highest ever quarter in the company's history, both in terms of revenue and volume. Our Consultative Logistics business has also delivered its highest ever quarter and monthly revenue."

Future Outlook

The management has reiterated its guidance for FY28 and FY30, projecting:

• A CAGR of 20% in EBITDA up to FY28
• A 10% CAGR growth in gross margins

Technological Advancements

Allcargo Logistics is focusing on technological enhancements to drive efficiency:

• Deployment of cloud-native solutions
• Mobile-first approach for customer and partner interactions
• Introduction of control towers and Hub Eye systems for improved logistics management
• Revamping of Warehouse Management Systems (WMS)

Market Position

The company is leveraging its strong position in chemical logistics and aims to expand into retail and FMCG sectors. It is also exploring synergies between its Express and Consultative Logistics divisions to offer integrated services to multinational and Indian companies.

As Allcargo Logistics navigates through its post-restructuring phase, the company appears poised for growth, backed by strategic initiatives and a focus on technological innovation in the evolving logistics landscape.

Allcargo Logistics Limited , India's largest integrated logistics services provider, has successfully concluded its postal ballot process with shareholders approving key leadership appointments. The company announced the results on January 8, 2026, following the completion of remote e-voting that concluded on January 7, 2026.

Postal Ballot Results

The shareholders approved two critical resolutions through the postal ballot process conducted via remote e-voting:

The resolutions were deemed passed on January 7, 2026, the last date specified for receipt of votes through the remote e-voting process. A total of 727.28 million votes were polled, representing 74.00% of the outstanding shares.

Leadership Appointment Details

Mr. Ketan Nishikant Kulkarni (DIN: 10735941) has been formally appointed as Managing Director and Chief Executive Officer for a five-year term from November 1, 2025, to October 31, 2030. The appointment was initially made as Additional Director effective November 1, 2025, and has now received shareholder approval.

Detailed Voting Analysis

The postal ballot saw significant participation across different shareholder categories:

For the MD & CEO appointment resolution, institutional investors showed mixed support with 73.93 million votes in favor and 28.66 million votes against, representing a 72.07% approval rate from this category.

Regulatory Compliance

The postal ballot was conducted in compliance with Section 110 read with Section 108 of the Companies Act, 2013, and Regulations 30 and 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Dhrumil M. Shah of Dhrumil M. Shah & Co. LLP served as the scrutinizer for the voting process.

Corporate Restructuring Context

As part of ongoing corporate restructuring, Allcargo Gati Limited has been amalgamated with Allcargo Logistics Limited effective November 1, 2025. The company has also appointed Mr. Deepak Jagdish Pareek as Chief Financial Officer and Mr. Shekhar R. Singh as Company Secretary & Compliance Officer.

Market Position

The strong shareholder support for new leadership demonstrates confidence in Allcargo Logistics' strategic direction. The formal approval of Mr. Kulkarni's appointment provides stability as the company works to maintain its position as India's largest integrated logistics services provider while addressing operational challenges.