Allcargo Logistics Limited announced its consolidated financial results for the quarter ended December 31, 2025, following the approval and implementation of its organisational restructuring plan that houses its domestic supply chain businesses—Express Distribution and Contract Logistics—under a unified platform.
The company said Q3FY26 marked a key transition phase, with the successful integration of its express and consultative logistics businesses and the rollout of Oracle Fusion Accounting Software. This has enabled unified operations across customers, warehousing infrastructure, transport assets and technology platforms. The quarter was focused on improving service quality, strengthening profitability and enhancing platform readiness for future growth.
Commenting on the performance, Managing Director and CEO Ketan Kulkarni said the integration milestone positions Allcargo as a unified domestic logistics platform. He noted that the express business saw a strong volume recovery in December, leading to market share gains, while yield-enhancement initiatives resulted in a meaningful improvement in gross margins.
“Q3FY26 was a transition quarter focused on strengthening quality, profitability and platform readiness. With integration now behind us, we expect EBITDA and PBT to grow faster than revenue in the coming quarters,” Kulkarni said. He added that while contract logistics demand remained muted due to deferred expansion by certain e-commerce clients, underlying customer relationships remain strong and the domestic business continues to be profitable on a cumulative basis.
Financial performance
On a year-to-date basis, Allcargo Logistics reported a 7% increase in revenue. EBITDA grew by 9%, while Profit Before Tax (before exceptional items) rose sharply by 50%.
The Express Distribution segment delivered strong performance, registering EBITDA growth of 19% year-on-year and 6% quarter-on-quarter, driven by improved service quality, higher customer retention and new client additions.
Contract Logistics recorded revenue growth of 23% year-to-date and 5% year-on-year, with EBITDA rising 16% year-to-date and 2% year-on-year. However, demand growth during the quarter remained subdued as some clients postponed expansion plans.
Outlook
With the integration complete, the company said it is well-positioned to drive steady revenue growth, with profitability expected to outpace topline expansion. Allcargo will focus on yield-led margin expansion, technology-driven execution and unlocking new growth opportunities, particularly in the Full Truck Load (FTL) and transport segments.
