Allcargo Logistics reports consolidated net loss in the December 2025 quarter

Allcargo Logistics' consolidated results for the quarter ended December 31, 2025 (Q3 FY26), reflect a period of significant transition and operational streamlining. The company successfully integrated its express and contract logistics businesses into a unified domestic platform and implemented Oracle Fusion Accounting to standardize operations.

Despite a slight year-over-year dip in quarterly sales, which fell by 0.58% to ₹516.00 crore from ₹519.00 crore in Q3 FY25, the company delivered substantial bottom-line improvement. It reported neither a net profit nor a net loss for the quarter, a turnaround from the net loss of ₹6.00 crore recorded in the same period of 2024. The profit-after-tax margin turned negative in Q3 FY26, dropping to -0.19% from a positive 1.49% in Q2 FY26.

Revenue for the nine months ended December 2025 grew by 6%, reaching ₹1544 crore, up from ₹1448 crore in the previous year 2024.

Ketan Kulkarni, Managing Director and CEO, commented on the performance, stating, “This transition quarter was focused on strengthening quality, profitability and platform readiness. Our express business witnessed a strong volume recovery in December, leading to market share gains, while yield-enhancement initiatives drove a meaningful improvement in gross margins, providing a solid base for margin-led growth going forward.”

Segment performance
The Express Distribution segment's EBITDA grew by 19% year-on-year and 6% quarter-on-quarter, driven by better service levels, customer retention, and new client acquisitions, and was supported by a strong volume recovery in December.

The Contract Logistics business posted a 23% year-to-date revenue growth and 5% year-on-year growth, while EBITDA increased by 16% year-to-date and 2% year-on-year. However, the company noted that demand remained muted during the quarter as some e-commerce clients delayed expansion plans, though underlying client relationships remain robust. Overall, the domestic supply chain business remained profitable on a cumulative basis.

Looking ahead, Allcargo Logistics expects that EBITDA and profit growth will surpass revenue growth in the coming quarters. This outlook is supported by expected yield-led margin expansion, technology-driven execution, and new growth opportunities, especially in the full truckload and transport segments.