As per letter attached
Awaiting price reaction for this filing.
Allcargo Gati reported Q1 FY26 consolidated revenue from operations of ₹35,723 lakhs, nearly flat compared to ₹35,812 lakhs in Q1 FY25. The company swung to a consolidated profit after tax of ₹122 lakhs from a loss of ₹217 lakhs in the year-ago quarter, largely helped by an exceptional gain of ₹569 lakhs from the disposal of non-core assets. However, the core express distribution business remained weak, posting a loss before exceptional items and tax of ₹508 lakhs versus ₹474 lakhs in Q1 FY25. On the standalone side, profit after tax jumped sharply to ₹961 lakhs from ₹257 lakhs, again boosted by ₹709 lakhs in gains from sale of non-core assets. The board approved re-designation of Shashi Kiran Shetty from Chairman & MD to Chairman & Director, appointed Ketan Kulkarni as the new MD & CEO for two years, and named a new Company Secretary and Secretarial Auditor. The fuel station business is now classified as a discontinued operation, and the proposed merger with parent Allcargo Logistics remains pending NCLT approval.
The headline swing to profit is driven mainly by one-time asset sale gains rather than improvement in core logistics operations, which continues to report losses. The top leadership change is a significant governance event, and the stock could see volatility given continued weakness in the underlying express business and pending NCLT merger outcome.