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ALLCARGO - Allcargo Logist.

📊 NSE: ALLCARGO 🏢 Miscellaneous 📅 Last Updated: 12/13/2025 18:10

📢 Recent Corporate Announcements

Allcargo Logistics to Utilise ₹64.71 Crore Unspent QIP Proceeds for Corporate Purposes

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 10 Mar 2026, 03:40 PM

Allcargo Logistics has announced that its Board of Directors approved the utilisation of ₹64.71 crore in unspent proceeds from a previous Qualified Institutions Placement (QIP). These funds were originally raised by Allcargo Gati Limited, which has since been amalgamated into Allcargo Logistics. As of December 31, 2025, this amount remained unutilised and will now be directed toward general corporate purposes. The deployment of these funds is subject to review by the monitoring agency, ICRA Limited.

Board approved the utilisation of ₹64.71 crore in unspent QIP proceeds.
The funds were originally raised by Allcargo Gati Limited via a Special Resolution dated February 6, 2024.
Unutilised balance of ₹64.71 crore is calculated as of December 31, 2025.
Proceeds are earmarked for general corporate purposes following the amalgamation of Allcargo Gati with Allcargo Logistics.
ICRA Limited is the appointed monitoring agency to oversee the utilisation of these proceeds.

💡 This is a routine administrative update following the merger of group entities. Investors should monitor how the deployment of these funds impacts the company's working capital and operational efficiency in upcoming quarterly results.

Allcargo Logistics to Attend Arihant Capital's Investor Conference on March 9, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Mar 2026, 01:29 PM

Allcargo Logistics has announced its participation in Arihant Capital's Bharat Connect Conference (Rising Stars - Mar'26) scheduled for March 9, 2026. The virtual meeting will take place from 11:00 A.M. to 12:00 P.M. and will involve discussions with institutional investors and analysts. The company will utilize its existing Q3FY26 investor presentation, which is already available in the public domain. No unpublished price-sensitive information is expected to be disclosed during this session.

Virtual meeting scheduled with investors and analysts on March 9, 2026, at 11:00 A.M.
Participation in Arihant Capital's Bharat Connect Conference (Rising Stars - Mar'26).
Discussions will be based on the previously released Q3FY26 investor presentation.
The company confirmed that no unpublished price sensitive information (UPSI) will be shared.

💡 This is a routine investor engagement activity; investors should review the existing Q3FY26 presentation for insights but expect no new material disclosures.

Allcargo Logistics to Hold Group Investor Meeting on February 26, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Feb 2026, 01:00 PM

Allcargo Logistics has scheduled a physical group meeting with analysts and institutional investors on February 26, 2026, from 4:00 PM to 5:00 PM. The discussions will be based on the Q3FY26 Investor Presentation which is already available in the public domain. The company has confirmed that no unpublished price sensitive information (UPSI) will be shared during the session. This meeting serves as a standard engagement for institutional stakeholders to discuss the company's recent quarterly performance.

Physical group meeting scheduled for February 26, 2026, from 4:00 PM to 5:00 PM
Discussions will be centered around the Q3FY26 Investor Presentation released in February 2026
The company explicitly stated that no unpublished price sensitive information (UPSI) will be disclosed
The meeting schedule is subject to change based on exigencies from either the company or investors

💡 Investors should review the existing Q3FY26 presentation and monitor for any post-meeting transcripts that might provide additional clarity on management's outlook.

Allcargo Logistics Clarifies Filing Delays and Reports Q3 Standalone Revenue of ₹516 Crore

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 18 Feb 2026, 05:22 PM

Allcargo Logistics has provided clarifications to the NSE regarding a missing auditor signature page and a four-minute delay in filing its Q3 FY26 results, citing technical glitches with the portal's OTP system. For the quarter ended December 31, 2025, the company reported standalone revenue of ₹516 crore, remaining largely flat compared to ₹518 crore in the previous year. The company posted a net loss of ₹1 crore for the quarter, which included an exceptional cost of ₹15 crore related to its composite scheme of arrangement. Following the demerger of its international supply chain business, the company now operates under a single reportable segment: domestic logistic services.

Standalone revenue from operations for Q3 FY26 was ₹516 crore, compared to ₹518 crore in Q3 FY25.
Reported a marginal net loss of ₹1 crore for the quarter, improving from a ₹7 crore loss in the same period last year.
Exceptional items for the quarter included a ₹15 crore cost associated with the composite scheme of arrangement.
The company clarified that the filing delay was only four minutes beyond the 3-hour regulatory window due to technical issues.
Management has transitioned the business to a single reportable segment named 'domestic logistic services' following internal reorganization.

💡 Investors should focus on the operational performance of the newly streamlined domestic logistics business post-demerger. While the regulatory clarifications are procedural, the impact of restructuring costs on the bottom line warrants continued monitoring.

Allcargo Logistics Expands Network to 71 Transshipment Centres for E-commerce Growth

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 17 Feb 2026, 12:57 PM

Allcargo Logistics is aggressively scaling its domestic infrastructure to capture the booming e-commerce and quick-commerce segments. The company has expanded its transshipment centers from 21 to 71 and doubled its direct serviceable PIN codes to over 10,000. Currently handling over 10 million packages monthly, the firm is leveraging technology-led solutions like WMS and route optimization to improve efficiency. This expansion follows a corporate restructuring that positions the company as a focused domestic supply chain and express distribution player.

Increased Transshipment Centres from 21 to 71 to strengthen mid-mile execution
Doubled direct serviceable PIN codes from 4,900 to over 10,000 across India
Handles over 10 million packages per month with a 25-30% volume surge during festive seasons
Expanded mapped PIN codes from 21,000 to over 32,000, covering 100% of India's districts
Manages 95% of logistics for a major European furniture conglomerate in key Indian markets

💡 Investors should view this as a significant move to capture market share in the high-growth quick-commerce sector. Monitor how this infrastructure scaling impacts operating margins and volume growth in the upcoming quarters.

Allcargo Logistics Q3 FY26: Express EBITDA Grows 19% YoY Despite Flat Revenue

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 11 Feb 2026, 03:39 PM

Allcargo Logistics reported a consolidated revenue of INR 516 crores for Q3 FY26, remaining largely flat year-on-year. The Express business showed resilience with a 19% YoY increase in EBITDA to INR 18 crores, driven by yield improvements and cost control despite a slight revenue dip. For the 9-month period, the company achieved a 7% revenue growth to INR 1,544 crores and a 9% EBITDA growth to INR 174 crores. The company maintains a healthy net cash position of INR 88 crores and is focusing on tech-driven operational efficiencies.

Express business EBITDA increased 19% YoY to INR 18 crores, supported by a 2% rise in realization per tonne to INR 11,610.
9-month FY26 consolidated revenue reached INR 1,544 crores, marking a 7% growth compared to the previous year.
Contract Logistics revenue for the 9-month period grew by a robust 23% to INR 464 crores with 8.1 million sq. ft. under management.
Consolidated EBITDA for Q3 FY26 stood at INR 61 crores, while 9-month EBITDA rose 9% to INR 174 crores.
Management confirmed a healthy net cash position of INR 88 crores as of December 31, 2025.

💡 Investors should monitor the sustainability of margin improvements in the Express segment and the scaling of the Contract Logistics business under the new leadership team. The focus on high-yield sectors like Chemicals and Pharma provides a positive long-term outlook despite current muted revenue growth.

Allcargo Logistics Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 06 Feb 2026, 07:52 PM

Allcargo Logistics Limited has released the audio recording of its Q3 FY26 earnings conference call held on February 6, 2026. The call discussed the company's unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The session was conducted in a Q&A format, providing institutional investors and analysts an opportunity to discuss operational performance. This disclosure is part of the company's regulatory compliance under SEBI Listing Regulations.

Earnings conference call for Q3 FY26 conducted on February 6, 2026.
Covers financial performance for the nine months ended December 31, 2025.
Interaction featured a Q&A format between management and market participants.
Audio recording link provided for public access on the company's investor relations portal.

💡 Investors should listen to the recording to understand management's commentary on global logistics trends and margin outlook. This will provide better context than the raw financial numbers alone.

Allcargo Logistics Q3FY26: PBT Surges 50% YTD; Domestic Business Integration Completed

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 04:49 AM

Allcargo Logistics reported a strong year-to-date performance for FY26, with Profit Before Tax (PBT) rising 50% despite Q3 being a transition quarter. The company successfully completed the integration of its express and contract logistics businesses into a unified domestic platform, achieving a gross margin of approximately 30%. While the Express division saw record monthly revenue in December 2025, the Contract Logistics segment faced muted demand due to deferred e-commerce expansions. Management expects EBITDA and PBT to outpace revenue growth in future quarters as they focus on yield-led margin expansion.

YTD Revenue increased by 7%, while EBITDA rose by 9% and PBT surged by 50% before exceptional items.
Gross margins improved to approximately 30% following yield-enhancement initiatives during the quarter.
Express Distribution EBITDA grew 19% YoY, with the highest ever monthly revenue recorded in December 2025.
Contract Logistics reported 23% YTD revenue growth, although quarterly growth was muted at 5% YoY due to client delays.
Successful implementation of Oracle Fusion Accounting Software and completion of the domestic supply chain integration.

💡 Investors should monitor if the operational integration leads to the projected margin-led growth in the coming quarters. The significant jump in PBT and successful restructuring suggest improved efficiency and a stronger foundation for the domestic business.

Allcargo Logistics Q3FY26: Revenue at ₹516 Cr, EBITDA at ₹61 Cr with Focus on Vision 2030

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 06 Feb 2026, 04:06 AM

Allcargo Logistics reported a steady Q3FY26 with revenue of ₹516 crore, showing a marginal 0.6% YoY decline attributed to a post-festive demand blip. While Express Logistics volumes dipped 4% YoY to 313,000 tons, the Consultative Logistics segment grew by 6% to ₹153 crore. The company maintains a strong net cash position of ₹88 crore and is focusing on yield improvement and cost control measures. Management has outlined an ambitious Vision 2030, targeting a 20-21% EBITDA CAGR through synergies between its Express and Supply Chain businesses.

Consolidated Revenue for Q3FY26 stood at ₹516 Cr, a slight 0.6% decrease compared to Q3FY25.
EBITDA for the quarter was ₹61 Cr, down 2% YoY, while maintaining a healthy net cash balance of ₹88 Cr.
Consultative Logistics segment showed resilience with a 6% YoY revenue growth reaching ₹153 Cr.
Realization per ton in the Express business improved by 2% YoY to ₹11,610 despite a 4% volume drop.
Vision 2030 targets include a 10-12% Revenue CAGR and a significant 1000-2000 bps improvement in ROCE.

💡 Investors should monitor the execution of the merger synergies between Express and Consultative Logistics, which is central to the 2030 growth targets. While near-term volumes are soft, the focus on yield management and cost reduction provides a cushion for profitability.

Allcargo Logistics Q3 FY26: Revenue at ₹516 Cr with Net Loss of ₹1 Cr Amid Exceptional Costs

🔵 WATCH ⭐ 7/10

EARNINGS 📅 06 Feb 2026, 03:24 AM

Allcargo Logistics reported a consolidated revenue of ₹516 crore for Q3 FY26, showing a slight decline from ₹537 crore in the preceding quarter. The company recorded a net loss of ₹1 crore for the quarter, largely due to a ₹15 crore exceptional expense related to its ongoing composite scheme of arrangement. For the nine-month period ended December 2025, revenue increased to ₹1,544 crore from ₹1,448 crore YoY, while net profit dropped to ₹4 crore from ₹14 crore. Additionally, the board has reconstituted several key committees to oversee risk, finance, and strategy.

Quarterly revenue from operations reached ₹516 crore, nearly flat compared to ₹518 crore in Q3 FY25.
Net loss of ₹1 crore in Q3 FY26 vs a profit of ₹9 crore in Q2 FY26, impacted by ₹15 crore in scheme-related costs.
Nine-month revenue grew 6.6% YoY to ₹1,544 crore, though nine-month net profit fell to ₹4 crore.
Exceptional gain of ₹24 crore from the sale of stake in Haryana Orbital Rail Corp was recorded earlier in the fiscal year.
Management continues to cooperate with Income Tax authorities following searches conducted in early 2025.

💡 Investors should monitor the stabilization of margins post-demerger as one-time restructuring costs are currently weighing on profitability. The core domestic logistics business remains the primary driver, but the ongoing tax department inquiries warrant a cautious outlook.

Allcargo Logistics Schedules Q3 FY26 Earnings Call for February 6, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Jan 2026, 11:30 AM

Allcargo Logistics Limited has scheduled its earnings conference call to discuss financial results for the quarter ended December 31, 2025. The call is set for February 6, 2026, at 3:30 PM IST and will feature top management including the MD & CEO and CFO. This routine interaction allows the investment community to gain clarity on the company's operational performance and future guidance. Investors can access the call via provided universal and international toll-free numbers.

Earnings conference call for Q3 FY26 scheduled for February 6, 2026, at 3:30 PM IST.
Management representation includes MD & CEO Ketan Kulkarni and CFO Deepak Pareek.
Discussion will focus on financial performance for the quarter ended December 31, 2025.
Universal dial-in numbers provided are +91 22 6280 1138 and +91 22 7115 8039.

💡 Investors should track the upcoming financial results and participate in the call to understand the company's outlook on global logistics volumes. No immediate action is required as this is a routine scheduling notification.

Allcargo Logistics National Head of Sales & Marketing Mayank Dwivedi Resigns

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 29 Jan 2026, 03:45 PM

Allcargo Logistics Limited has announced the resignation of Mr. Mayank Dwivedi from his position as National Head of Sales and Marketing, effective January 29, 2026. Mr. Dwivedi, classified as Senior Management Personnel, cited personal reasons and individual alignment for his departure. Although his appointment letter stipulated a 2-month notice period, the company accepted his request for immediate relief on the same day. The resignation was formally approved by the Managing Director and CEO, Ketan Kulkarni.

Mr. Mayank Dwivedi resigned as National Head - Sales and Marketing effective January 29, 2026.
The executive requested a waiver of the standard 2-month notice period for an immediate exit.
The resignation was attributed to personal reasons and professional alignment after internal discussions.
The departure was categorized under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.

💡 Investors should monitor if there is any further attrition in the senior management layer or any impact on sales momentum in the coming quarters. No immediate portfolio action is necessary as this is a mid-level senior management change.

CRISIL Downgrades Allcargo Logistics to 'CRISIL A/Negative' from 'AA-'

🔴 NEGATIVE ⭐ 8/10

REGULATORY 📅 23 Jan 2026, 03:26 PM

CRISIL has downgraded Allcargo Logistics' long-term rating from 'AA-' to 'A' with a Negative outlook, citing subdued operating performance in its International Supply Chain (ISC) business. The downgrade follows the demerger of the ISC business into Allcargo Global Limited, where profitability has been pressured by industry volatility and one-off expenses like employee severance. While the company maintains a comfortable gearing of 0.5-0.6x and cash reserves of Rs 431 crore, interest coverage has moderated significantly to approximately 1x for FY26. The negative outlook reflects expectations of continued weak profitability and flattish revenues in the near term.

Long-term rating downgraded to 'CRISIL A/Negative' from 'CRISIL AA-' following the ISC business demerger.
ISC business revenues were Rs 14,077 crore in FY25, but H1FY26 saw negligible operating profits due to one-off charges.
Gross debt stood at Rs 1,010 crore as of September 2025 with gearing expected between 0.5-0.6x.
Liquidity is supported by cash and equivalents of Rs 431 crore against annual interest obligations of Rs 60-70 crore.
Interest coverage ratio is expected to drop to ~1x for fiscal 2026 due to weak operating performance.

💡 Investors should exercise caution as the rating downgrade reflects significant margin pressure and operational headwinds in the core ISC business. Monitor the recovery in global trade volumes and the company's ability to improve its interest coverage ratio in upcoming quarters.

Allcargo Logistics Submits Q3 FY26 Compliance Certificate Under SEBI Regulation 74(5)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Jan 2026, 01:52 PM

Allcargo Logistics has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended December 31, 2025. The certificate, issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirms that all regulatory requirements regarding the dematerialization of securities were met. Notably, the registrar reported that no dematerialization requests were received from shareholders during this specific quarter. This is a standard procedural filing required for all listed entities in India.

Compliance certificate submitted for the quarter ended December 31, 2025.
Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited.
Zero dematerialization requests were received from shareholders during the quarter.
Confirms that any securities processed are listed on the stock exchanges where earlier securities are listed.

💡 No action is required as this is a routine administrative filing confirming regulatory compliance with SEBI norms.

Allcargo Logistics Fined ₹50 Lakhs by CCI for M&A Regulatory Non-Compliance

🔴 NEGATIVE ⭐ 4/10

REGULATORY 📅 10 Jan 2026, 01:32 PM

Allcargo Logistics has been penalized ₹50 Lakhs by the Competition Commission of India (CCI) for alleged non-compliance with Section 6(2) of the Competition Act, 2002. The fine pertains to the acquisition of a stake in Gati-Kintetsu Express Private Limited, which was later merged into Allcargo on November 1, 2025. The company received the order on January 10, 2026, and is currently evaluating legal options to address the penalty. While the financial impact is minimal, it highlights regulatory oversight regarding the company's historical acquisition processes.

CCI imposed a penalty of ₹50 Lakhs under Section 43A of the Competition Act, 2002.
The penalty relates to the acquisition of Gati-Kintetsu Express Private Limited (now merged).
The target entity was officially merged into Allcargo Logistics Limited effective November 1, 2025.
Allcargo is currently examining the order to determine legally tenable next steps.

💡 The ₹50 Lakhs penalty is financially immaterial to Allcargo's overall operations and should not impact the long-term investment thesis. Investors should monitor for any further regulatory hurdles but no immediate action is required.

View All ALLCARGO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, the company reported a revenue growth of 10-11% YoY, driven by a combination of price and volume. For fiscal 2025, the International Supply Chain (ISC) segment contributed 88% of total revenue (INR 14,077 Cr), Express Logistics contributed 9%, and Contract Logistics contributed 3%.

Geographic Revenue Split

The company operates across multiple geographies globally, which helps negate localized business impacts. Specific percentage splits per region are not disclosed in the available documents.

Profitability Margins

H1 FY26 Gross Margin (GM) stood at 29%. The company reported a positive Profit Before Tax (PBT) of INR 9 Cr in Q2 FY26, a significant improvement from the negative PBT reported in the previous quarter and the same quarter last year.

EBITDA Margin

The company has provided a guidance for an EBITDA CAGR of 20% through FY28. Operating leverage is expected to play out to drive higher EBITDA growth relative to revenue as the restructuring synergies are realized.

Capital Expenditure

The company is maintaining an asset-light business approach but has planned capital expenditure of nearly INR 330 Cr for the current fiscal year to support its logistics infrastructure.

Credit Rating & Borrowing

As of June 30, 2025, the company had a gross debt of INR 1,059 Cr and a net debt of INR 467 Cr. Gearing was 0.44 times as of March 31, 2025, with an adjusted interest cover of approximately 3.3 times for fiscal 2025.

⚙️ Operational Drivers

Raw Materials

As a logistics provider, primary operational costs are 'Freight and Handling Costs' and 'Fuel/Energy', rather than traditional raw materials. Freight advances are mentioned as a key financial component.

Import Sources

The company sources freight capacity globally from international shipping lines and airlines to support its ISC and express distribution services.

Key Suppliers

Suppliers include global shipping lines and airlines. The company acts as an agent for various lines in its International Supply Chain business.

Capacity Expansion

In Q2 FY26, the company handled a total volume of 3.26 lakh metric tons, representing a 6% YoY increase and an 11% QoQ increase. Expansion is driven by the asset-light model and network growth.

Raw Material Costs

Not disclosed as a percentage of revenue; however, freight and handling costs are the primary drivers of the 71% cost of sales (implied by the 29% Gross Margin).

Manufacturing Efficiency

Operational efficiency is measured by volume growth; the express business delivered its highest-ever quarterly revenue and volume in Q2 FY26.

Logistics & Distribution

Distribution costs are the core of the Express and ISC segments. The Express business achieved record volumes in Q2 FY26 due to festive season demand.

📈 Strategic Growth

Expected Growth Rate

20%

Growth Strategy

Growth will be achieved through a composite restructuring scheme that eliminates the holding structure, merging Express and Consultative Logistics into Allcargo Logistics to unlock synergies and operational efficiencies. The company is also listing its ISC business separately as Allcargo Global in Q4 FY26 to unlock value.

Products & Services

Services include LCL (Less than Container Load) consolidation, FCL (Full Container Load) forwarding, express distribution, contract logistics, and consultative logistics.

Brand Portfolio

Allcargo Logistics, Gati, Allcargo Global, Allcargo Supply Chain.

New Products/Services

The company is focusing on integrated transportation and logistics solutions, combining Gati's reach with ISC and contract logistics to offer end-to-end services.

Market Expansion

The restructuring aims to position the company for long-term value; Allcargo Global is expected to be listed on exchanges in Q4 FY26.

Market Share & Ranking

Allcargo is a leading integrated logistics player in India with a dominant position in the LCL consolidation market globally.

Strategic Alliances

The company acquired Gati Limited (now Allcargo Gati) for INR 406.5 Cr and the remaining stake in ASCPL for INR 163 Cr to integrate domestic and contract logistics.

🌍 External Factors

Industry Trends

The industry is shifting toward integrated, digital-first logistics. Allcargo is positioning itself by eliminating its step-down holding structure to become a single operating listed entity by January 1, 2026.

Competitive Landscape

Competes with global freight forwarders and domestic express players like Blue Dart and TCI Express.

Competitive Moat

The moat is sustained by a global network in over 180 countries and the vertical integration of Gati’s domestic reach, which is difficult for competitors to replicate quickly.

Macro Economic Sensitivity

Highly sensitive to global GDP and trade volumes; a slowdown in trade is a primary downward rating factor for its credit profile.

Consumer Behavior

Demand is influenced by festive seasons in India, which drove record volumes in the express business during Q2 FY26.

Geopolitical Risks

Geopolitical tensions affecting trade routes or resulting in trade barriers pose a risk to the ISC segment's volumes.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to international maritime regulations, pollution norms for its fleet/vehicles, and import/export restrictions across various geographies.

Environmental Compliance

The company has expressed a commitment to ESG principles to enhance stakeholder confidence and access to capital markets.

Taxation Policy Impact

The company follows standard corporate tax rates; specific fiscal impacts are not detailed beyond the impact of the restructuring scheme.

Legal Contingencies

The company received a legal notice from the promoter of RSLPL for a claim of INR 10 Cr regarding alleged unauthorized freight advances by a former CEO. The company does not expect a material impact from this.

⚠️ Risk Analysis

Key Uncertainties

Key risks include a sustained slowdown in global trade volumes (potential impact on 88% of revenue) and the successful integration of the merged entities.

Geographic Concentration Risk

Revenue is diversified globally, though the domestic Indian market is a significant focus for the Express and Contract logistics segments.

Third Party Dependencies

High dependency on third-party shipping lines and airlines for ISC capacity, as the company operates an asset-light model.

Technology Obsolescence Risk

The company is investing in strategic restructuring to enhance operational efficiencies and mitigate the risk of digital disruption in the logistics chain.