Allcargo Gati Limited has informed the Exchange regarding Board meeting held on August 05, 2025.
Awaiting price reaction for this filing.
Allcargo Gati's board, meeting on August 5, 2025, approved the unaudited Q1 FY26 results and announced several leadership changes. On a consolidated basis, revenue from operations was nearly flat at ₹35,723 lakhs versus ₹35,812 lakhs a year ago, but the company swung to a profit after tax of ₹122 lakhs from a loss of ₹217 lakhs in Q1 FY25. Standalone profit jumped to ₹961 lakhs from ₹257 lakhs, driven largely by a ₹569 lakh exceptional gain (mostly profit on disposal of non-core assets) and higher interest income on inter-corporate deposits rather than core operations, which still posted a pre-exceptional loss. Mr. Shashi Kiran Shetty was re-designated from Chairman & MD to Chairman & Director, Mr. Ketan Kulkarni was appointed as new MD & CEO for two years, and a new company secretary and secretarial auditor were also appointed.
Profitability improved sharply on paper, but it is mostly propped up by one-off asset sale gains and treasury income, with the core express logistics business still struggling to make money — investors should look past the headline PAT and watch core operating performance. The pending merger scheme with parent Allcargo Logistics and the unresolved income-tax search remain key overhangs to monitor.