As per the letter attached

Pat NegativeResults RestatedAuditor Mid Year ChangeEmphasis Of MatterRelated Party TransactionsResults View source PDF

ALLCARGO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-4.0%1-day move

₹9.08

prior close

₹9.05

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-2.7-2.4-2.1+0.7-4.0-5.3-4.2-4.7-4.7+0.6-4.2+1.3-11.5—

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AI summary

Allcargo Logistics reported FY2026 standalone revenue of ₹2,058 crore, up 4.9% from ₹1,961 crore (restated) in FY2025. However, profit after tax from continuing operations collapsed to just ₹3 crore from ₹74 crore in the prior year – a decline of about 96%. Total comprehensive income was ₹5 crore versus ₹75 crore previously. The auditors issued an unmodified (clean) opinion but included two 'Emphasis of Matter' paragraphs: one regarding the composite scheme of arrangement (demerger of international supply chain business) where accounting treatment overrides Ind AS requirements, and another regarding Income Tax search operations conducted in FY2025. Prior year figures have been restated to reflect the corporate restructuring. The company also changed auditors mid-year (prior year audited by another firm).

Likely market impact

Sharp profit decline despite modest revenue growth and a complex corporate restructuring are concerns. Clean audit opinion provides some comfort, but the massive earnings drop and restated financials warrant caution for investors.