ALLCARGO LOGISTICS LTD

Operates integrated logistics services across three segments: International Supply Chain (multimodal transport operations), Express Distribution (surface express parcel delivery), and Contract Logistics (warehousing and 3PL). In the quarter ended 30 June 2025, International Supply Chain made up 87.1% of segment revenue at ₹3,329.92 cr, Express Distribution 9.3% at ₹357.23 cr, and Contract Logistics 3.5% at ₹135.13 cr. For FY26, consolidated revenue was ₹2,058 cr and EBITDA was ₹233 cr, with EBITDA margin progressing from ~10% to ~11% year-on-year. The Contract Logistics business runs on 8 million sq ft of warehouse space, serves the top three players in both e-commerce and quick commerce, and handles over 10 million e-commerce packages a month. The Express division moved 3 lakh metric tons in Q4 FY26 at ₹12,037 per ton, with the company pruning customers and raising yields through metro surcharges, AER charges and weight rounding. Other operating expenses dominate the cost base at 78.3% of revenue, followed by employee cost at 10.3% and depreciation at 9.9%. The international supply chain business is being demerged into a separate listed entity, with SEBI and exchange approvals received and listing expected within a month.