East West Holdings Freight Carriers Limited (EWFCL), a prominent player in the Indian logistics sector, has announced a significant development in its business operations. The company has secured a contract extension from the Indian Institute of Chemical Technology (CSIR) in Hyderabad, Telangana, further solidifying its position in the logistics industry.

Contract Extension Details

The extension of EWFCL's existing comprehensive service contract with CSIR encompasses custom clearance, freight forwarding, and allied services. Here are the key points of the contract extension:

Company's Response

Mohammed Ajaz Shafi, Managing Director & CEO of East West Freight Carriers Limited, expressed satisfaction with this development. He stated, "We are happy to share the above information which reiterates the quality of logistic services provided by our Company."

About East West Freight Carriers Limited

East West Freight Carriers Limited has been a significant player in the Indian Freight Forwarding & Logistics space for over 47 years. The company, established in 1976, specializes in providing total logistics solutions. Some key aspects of EWFCL include:

• Affiliation with industry bodies such as IATA, FIATA, FFFAI, ACCAI, DACCAI, BCBA, and FIEO
• Partnerships with global airlines and major international shipping lines
• Offers tailored solutions for Air Freight, FCL & LCL requirements
• Specializes in international transportation of large, heavy, high-value, or complex equipment (project cargo)

This contract extension with the Indian Institute of Chemical Technology, a reputed CSIR institution, underscores EWFCL's commitment to providing high-quality logistics services. It also reflects the company's ability to maintain long-term relationships with prestigious clients in the scientific and research sector.

The extension is expected to contribute to EWFCL's revenue stream, potentially strengthening its financial position in the coming years.

East West Holdings Freight Carriers Limited, a prominent player in the freight and logistics sector, has reported a challenging first quarter for the fiscal year 2026, marked by a swing to net loss and declining revenues.

Financial Performance

The company announced a consolidated net loss of ₹0.25 crore for Q1 FY2026, a significant downturn from the net profit of ₹0.42 crore recorded in the corresponding quarter of the previous year. This reversal in profitability comes alongside a 5.3% year-over-year decline in total income, which fell to ₹56.69 crore from ₹59.87 crore in Q1 FY2025.

Standalone Results

On a standalone basis, the financial picture appears even more challenging. East West Holdings Freight Carriers reported a larger net loss of ₹0.53 crore, coupled with a 6.1% year-over-year decline in revenue.

Key Financial Metrics

Profitability Concerns

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin contracted significantly during the quarter. This contraction indicates mounting pressure on East West Holdings Freight Carriers' core profitability, as the company struggled to reduce costs in proportion to its declining revenue.

Outlook

While maintaining an equity base of ₹25.52 crore, East West Holdings Freight Carriers faces the challenge of navigating through a difficult market environment. The company's inability to align its cost structure with the reduced revenue levels suggests potential headwinds in the near term.

As the freight and logistics sector continues to evolve, East West Holdings Freight Carriers will need to focus on operational efficiency and strategic cost management to return to profitability in the coming quarters.