As per letter attached
Awaiting price reaction for this filing.
Allcargo Gati's Board approved unaudited Q1 FY26 results (quarter ended June 30, 2025). On a consolidated basis, revenue from operations was nearly flat at ₹35,723 lakhs (vs ₹35,812 lakhs in Q1 FY25). The company swung to a profit of ₹122 lakhs from a loss of ₹217 lakhs last year, helped by a ₹569 lakh exceptional gain (largely from disposal of non-core assets). Without the exceptional item, the company actually posted a loss before tax of ₹508 lakhs from continuing operations. The standalone entity reported a profit of ₹961 lakhs. Key leadership changes include Mr. Shashi Kiran Shetty being re-designated from Chairman & MD to Chairman & Director, with Mr. Ketan Kulkarni (ex-Blue Dart/Allcargo Group) appointed as MD & CEO for two years. A new Secretarial Auditor was also appointed for a 5-year term.
Investors should note that the headline profit turnaround is largely driven by one-time gains from asset sales rather than core business improvement — the underlying express logistics business continues to post operating losses. Leadership transition and the ongoing NCLT merger scheme with Allcargo Logistics are key events to watch, as is the pending Income-tax search outcome which remains undisclosed.