Date: November 15, 2026

Financial Performance Summary

Revenue Performance:

  • Q2 FY27 consolidated revenue: ₹4,320 crore
  • Sequential growth: 23% increase from ₹3,522 crore in Q1 FY27

Profitability Metrics:

  • Gross Profit: ₹837 crore in Q2 FY27, representing 14% quarter-on-quarter growth
  • EBITDA: ₹122 crore in Q2 FY27, showing 270% growth from ₹33 crore in Q1 FY27
  • Profit Before Tax (PBT): ₹62 crore in Q2 FY27, compared to losses in both Q1 FY27 and Q2 FY26
  • Profit After Tax (PAT): ₹32 crore in Q2 FY27, marking a significant improvement from loss of ₹28 crore in Q1 FY27

Volume Performance:

  • LCL volumes: 3% growth quarter-on-quarter
  • FCL volumes: 1% growth quarter-on-quarter
  • Air volumes: 16% growth quarter-on-quarter

Cost Management:

  • Staff and Admin cost remained largely flat both quarter-on-quarter and year-on-year
  • Company demonstrated focus on cost control measures

Operational Highlights and Performance Drivers

The improved performance is attributed to several focused business initiatives and industry tailwinds:

Yield Improvement Strategies:

  • Focus on improving gross profit through volume growth in long-haul trade lanes
  • Cutting back on loss-making routes
  • Significant improvements in container utilization
  • Increased use of 40 ft boxes, which are more profitable than 20 ft boxes

Operational Efficiency Measures:

  • Automation initiatives to improve process efficiency
  • Outsourcing strategies
  • Implementation of global processes and systems
  • These measures helped control staff and admin costs, ensuring that the entire increase in gross profit flows down to the bottom line

Management Commentary

Adarsh Hegde, Managing Director of Allcargo Global Limited, provided the following insights:

  • Described the quarter's performance as "an improved performance marking a positive turnaround following a challenging period over the preceding quarters"
  • Acknowledged that improving market conditions and freight rate movements provided some support
  • Emphasized that results reflect the impact of several focused initiatives undertaken across the organization over the past few quarters
  • Highlighted ongoing work to strengthen business fundamentals in a changing market environment
  • Noted specific focus areas: cost optimization, pricing discipline, yield management, and addressing operational inefficiencies
  • Continued acceleration of technology and automation initiatives to improve process efficiency and enhance productivity
  • Characterized the quarter's performance as "an encouraging indication that these efforts are beginning to translate into tangible results"
  • Emphasized the importance of staying focused on fundamentals, maintaining financial and operational discipline, and building a stronger, more resilient business

Company Background

Allcargo Global Limited is the international supply chain business of the Allcargo Group and the world's largest LCL consolidator. This marks the company's second quarterly result following its listing on the BSE and NSE, reflecting its continued progress as an independently listed company following the Group's restructuring and demerger.

Operational Scale:

  • Over 30+ years of industry expertise
  • 200+ own offices across 60+ countries
  • Complementary franchise network across other geographies
  • Global network covering markets that account for over 90% of global trade

Technology Platform:

  • ECU360 digital freight booking platform enables seamless shipment bookings across global trade lanes
  • Combines deep logistics expertise with technology-enabled solutions

ESG Commitment:

  • Company remains committed to strong ESG practices across its operations