Western Carriers (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
WCIL · price
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Western Carriers reported FY2026 standalone and consolidated revenue of Rs 18,292 million, up 6% from Rs 17,257 million in FY2025. However, profit before tax dropped sharply to Rs 527.51 million from Rs 878.33 million in the prior year, representing a 40% decline. Net profit fell to Rs 388.16 million from Rs 651.28 million. EPS declined to Rs 3.81 per share from Rs 7.16 per share. The auditors D C Dharewa & Co issued an unmodified (clean) opinion on both standalone and consolidated results. Operating cash flow turned negative at Rs 217.63 million for the year, a significant deterioration from negative Rs 26.94 million in the prior year. Total borrowings stand at Rs 2,171.70 million against equity of Rs 8,670 million. The company listed on NSE/BSE in September 2024 via IPO raising Rs 4,000 million, with Rs 913 million of proceeds still unutilised and parked in fixed deposits.
The company shows revenue growth but severe profit margin compression with PAT declining 40% year-on-year, indicating cost pressures or competitive pressures in the logistics business. Negative operating cash flow raises concerns about cash generation ability despite profit. The stock may face pressure given the sharp earnings decline.