Please refer to the enclosed intimation.
Awaiting price reaction for this filing.
Allcargo Gati shared Q4 and FY25 results on its earnings call. FY25 revenue stood at INR1,510 crores, up 2% YoY, with EBITDA growing 34% YoY and EBITDA margin improving 110 basis points. Q4 FY25 revenue grew 9% YoY despite lower tonnage, signalling yield improvement from tariff hikes taken during the quarter. Net cash on the balance sheet was INR109 crores as of March 2025. Management guided for FY26 EBITDA margins of 6.5–7% and gross margins moving from 25.5% to 27%, supported by service quality investments and pricing actions. The NCLT hearing for the corporate restructuring/scheme is scheduled for July 2, with expected debt of INR80–90 crores post-merger.
Margin guidance and tariff-driven yield improvement are encouraging signals for shareholders, although weak volume growth in Q4 remains a watchpoint. The NCLT merger outcome on July 2 is a near-term catalyst, and successful closure of non-core asset sales (2 fuel stations pending) could provide additional cash.