- Home
- Results news
- Allcargo Logistics
- Q2 FY27 results
Allcargo Logistics Q2 FY27 results: net profit ₹18 crore vs ₹14 crore loss, revenue down 46.0%
Allcargo Logistics Limited reported consolidated Q2 FY27 revenue of ₹555 crore, EBITDA of ₹78 crore and a net profit of ₹18 crore for the September 2026 quarter. Revenue was lower than Q2 FY26, while profit returned from a year-ago loss and margin improved sequentially to 14.1% from 13.0% in Q1 FY27.
Key points
- Consolidated revenue was ₹555 crore in Q2 FY27, against ₹1,028 crore in Q2 FY26 and ₹546 crore in Q1 FY27.
- EBITDA was ₹78 crore in Q2 FY27, with an EBITDA margin of 14.1%, against 11.0% in Q2 FY26 and 13.0% in Q1 FY27.
- Allcargo Logistics reported a net profit of ₹18 crore, against a net loss of ₹14 crore in Q2 FY26 and a net profit of ₹14 crore in Q1 FY27.
- Basic EPS was ₹0.11, against a loss of ₹0.12 per share in Q2 FY26 and ₹0.09 in Q1 FY27.
- At 30 September 2026, total assets were ₹1,758 crore, total equity was ₹604 crore, borrowings were ₹96 crore and cash was ₹25 crore.
How did Allcargo Logistics perform in Q2 FY27?
Allcargo Logistics reported consolidated revenue of ₹555 crore for Q2 FY27, down ₹473 crore or 46.0% from ₹1,028 crore in Q2 FY26. Against Q1 FY27, revenue rose ₹9 crore or 1.6% from ₹546 crore. The quarter’s total income was ₹565 crore, compared with ₹1,046 crore a year earlier and ₹560 crore in the previous quarter.
Consolidated EBITDA was ₹78 crore in Q2 FY27, down ₹35 crore or 31.0% from ₹113 crore in Q2 FY26 but up ₹7 crore or 9.9% from ₹71 crore in Q1 FY27. The EBITDA margin was 14.1%, compared with 11.0% in Q2 FY26 and 13.0% in Q1 FY27. The PAT margin was 3.2%, against a loss margin of 1.4% a year earlier and 2.6% in the previous quarter.
Allcargo Logistics reported a net profit of ₹18 crore in Q2 FY27, against a net loss of ₹14 crore in Q2 FY26 and a net profit of ₹14 crore in Q1 FY27. Basic EPS was ₹0.11, compared with a loss of ₹0.12 per share in Q2 FY26 and ₹0.09 in Q1 FY27. On the standalone basis, revenue was ₹555 crore and PAT was ₹16 crore; the standalone PAT for the year-ago period was a loss of ₹6 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 555 | 546 | 1,028 | −46.0% | +1.6% |
| Other income | 10 | 14 | 18 | −44.4% | −28.6% |
| Total expenses | 540 | 541 | 1,073 | −49.7% | −0.2% |
| EBITDA | 78 | 71 | 113 | −31.0% | +9.9% |
| EBITDA margin | 14.1% | 13.0% | 11.0% | +3.1 pp | +1.1 pp |
| Profit before tax | 25 | 19 | −36 | turned to profit | +31.6% |
| Tax | 6 | 5 | −21 | +20.0% | |
| Net profit | 18 | 14 | −14 | turned to profit | +28.6% |
| EPS (₹) | 0.11 | 0.09 | −0.12 | turned to profit | +22.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Allcargo Logistics' costs and profit?
Total expenses fell ₹533 crore or 49.7% from ₹1,073 crore in Q2 FY26 to ₹540 crore in Q2 FY27. Employee cost fell ₹52 crore or 48.1% to ₹56 crore, finance costs fell ₹16 crore or 51.6% to ₹15 crore, and depreciation fell ₹79 crore or 62.2% to ₹48 crore. Cost of materials fell ₹728 crore to no exceptional item in the reported line, while other expenses rose ₹342 crore or 432.9% to ₹421 crore.
Other income fell ₹8 crore or 44.4% from ₹18 crore in Q2 FY26 to ₹10 crore in Q2 FY27. The company reported no exceptional item in Q2 FY27, against an exceptional charge of ₹9 crore in Q2 FY26. Tax was ₹6 crore in Q2 FY27, while the year-ago quarter carried a tax credit of ₹21 crore.
Against Q1 FY27, total expenses were ₹1 crore or 0.2% lower, while employee cost rose ₹2 crore or 3.7% and depreciation fell ₹3 crore or 5.9%. Other income fell ₹4 crore or 28.6% and tax rose ₹1 crore or 20.0%, contributing to PBT of ₹25 crore and PAT of ₹18 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 728 | −728 | |
| Employee cost | 56 | 108 | −52 | −48.1% |
| Finance costs | 15 | 31 | −16 | −51.6% |
| Depreciation | 48 | 127 | −79 | −62.2% |
| Other expenses | 421 | 79 | +342 | +432.9% |
| Total expenses | 540 | 1,073 | −533 | −49.7% |
| Other income | 10 | 18 | −8 | −44.4% |
| Tax | 6 | −21 | +27 | |
| Exceptional items | none | −9 (charge) |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, Allcargo Logistics had total assets of ₹1,758 crore, compared with ₹1,736 crore at 31 March 2026. Total equity rose to ₹604 crore from ₹574 crore, while borrowings fell to ₹96 crore from ₹102 crore. Cash declined to ₹25 crore from ₹73 crore, and trade receivables rose to ₹454 crore from ₹429 crore.
Trade payables rose to ₹210 crore from ₹198 crore, while inventories remained at no exceptional item. In the first half of FY27, operating cash flow was ₹180 crore, compared with ₹197 crore in the year-ago period. Investing cash flow was negative ₹111 crore against positive ₹6 crore, while financing cash flow was negative ₹118 crore against negative ₹221 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,758 | 1,736 |
| Total equity | 604 | 574 |
| Borrowings | 96 | 102 |
| Cash and equivalents | 25 | 73 |
| Inventories | 0 | 0 |
| Trade receivables | 454 | 429 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 180 | 197 |
| Cash from investing | −111 | 6 |
| Cash from financing | −118 | −221 |
| Capital expenditure | 6 | 13 |
Source: Company's results filing (XBRL).
How has Allcargo Logistics done over the last 8 quarters?
Revenue reached ₹4,105.74 crore in Q3 FY25 before falling to ₹3,952.44 crore in Q4 FY25 and ₹3,816.7 crore in Q1 FY26. It then stood at ₹1,028 crore in Q2 FY26, before moving to ₹516 crore, ₹514 crore, ₹546 crore and ₹555 crore over the next four quarters. PAT bottomed at a loss of ₹98.96 crore in Q1 FY26 and reached ₹18 crore in Q2 FY27.
The EBITDA margin fell to 0.5% in Q1 FY26 from 3.4% in Q3 FY25, then recovered to 11.0% in Q2 FY26 and 11.8% in Q3 FY26. It eased to 11.7% in Q4 FY26 before rising to 13.0% in Q1 FY27 and 14.1% in Q2 FY27. Revenue and profit have moved higher in each of the last two quarters, while margin also increased.
What else did the company announce?
The board approved Allcargo Logistics’ unaudited standalone and consolidated financial results for the quarter ended 30 September 2026 on 3 November 2026. It appointed Russell Parera as an Independent Director for a first term of three consecutive years from 3 November 2026 to 2 November 2029, subject to shareholder approval, and approved Hetal Gandhi’s reappointment for a second term of three consecutive years from 8 February 2027 to 7 February 2030, subject to shareholder approval.
The board also reconstituted its committees with effect from 3 November 2026 and approved the Allcargo Logistics Limited Employee Stock Option Scheme 2026, along with grants to employees of the holding company, subsidiaries, group companies and associates, subject to shareholder approval. The same-day investor presentation reported 7.7% growth in Express and 5.9% growth in Contract Logistics. No dividend or fund-raising announcement was included in the cited same-day filings.
What did Allcargo Logistics' management say?
Management maintained its FY28 framework of 10% three-year revenue CAGR, rising to 12% over the five-year trajectory, a 15% operating EBITDA margin and a 5% pre-tax margin. It reiterated 10% gross-margin CAGR improvement over three years and 20% PBT CAGR over five years. Management said FY27 express capex would be ₹15-20 crore, while consultative-logistics capex was expected around ₹20 crore one year down.
Vijay Nehra becomes MD and CEO on 1 January 2027, while Ketan Kulkarni moves within the Allcargo Group. Management said the company aims to build on its existing profitability platform and continue pursuing growth in Express and consultative logistics at one percentage point above the market. No analyst questions were recorded in the available earnings-call material.
How did Allcargo Logistics shares react?
After the filing appeared after market hours, Allcargo Logistics shares fell 1.9% after five minutes, 1.9% after 15 minutes and 0.9% after 30 minutes. On the reaction day, the stock closed 0.9% below its previous close of ₹9.75, compared with a 1.6% median rise for other Logistics Solution Provider stocks, a relative gap of negative 2.5 percentage points.
| After the filing | Stock | Logistics Solution Provider median |
|---|---|---|
| 5 minutes | −1.9% | |
| 15 minutes | −1.9% | |
| 30 minutes | −0.9% | |
| Reaction day | −0.9% | +1.6% |
| Next day | +3.1% | +3.1% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 5 August 2026 | +19.5% |
| 14 May 2026 | −2.9% |
| 6 February 2026 | −5.5% |
| 14 November 2025 | +5.0% |
| 12 August 2025 | −4.1% |
| 25 May 2025 | −4.2% |
| 13 February 2025 | −5.0% |
| 12 November 2024 | −3.0% |
Source: MarketPing price-reaction measurement.
How did other Logistics Solution Provider companies do?
Twenty other Logistics Solution Provider companies had filed results for the quarter by 6 November 2026, with a median revenue growth of 13.9%. All 20 grew revenue faster than Allcargo Logistics, while none grew more slowly than the company. The available peer data did not provide a company revenue-growth figure for a direct comparison.
Among the 18 peers for which profit was compared, 13 reported higher profit. Allcargo Logistics’ own consolidated revenue was ₹555 crore in Q2 FY27, while it returned to a net profit of ₹18 crore from a net loss of ₹14 crore in the year-ago quarter.
| Allcargo Logistics revenue growth (YoY) | −46.0% |
|---|---|
| Median of 20 other Logistics Solution Provider companies | +13.9% |
| Companies with slower revenue growth than Allcargo Logistics | 0 of 20 |
| Companies with faster revenue growth than Allcargo Logistics | 20 of 20 |
| Companies whose net profit rose | 13 of 18 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Allcargo Logistics' revenue in Q2 FY27?
Revenue from operations was ₹555 crore, down 46.0% from ₹1,028 crore in Q2 FY26 (consolidated).
Did Allcargo Logistics make a profit in Q2 FY27?
Yes. Net profit was ₹18 crore, against a net loss of ₹14 crore in Q2 FY26.
What was Allcargo Logistics' EPS in Q2 FY27?
Basic earnings per share were ₹0.11, against a loss of ₹0.12 in Q2 FY26.
How did Allcargo Logistics shares react to the Q2 FY27 results?
On the reaction day the stock moved −0.9% from the previous close; the median Logistics Solution Provider stock moved +1.6%.
When did Allcargo Logistics announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of The Board Meeting To Be Held On November 3, 2026 (BSE, 14 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Held On November 3, 2026 (BSE, 3 November 2026) · PDF
- Results For Q2 2026-27 (BSE, 3 November 2026) · PDF
- Announcement under Regulation 30 (LODR)-Change in Management (BSE, 3 November 2026) · PDF
- The earnings call (4 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.