Financial Performance for FY 2025-26

Revenue: ₹3,353.20 Lakhs (₹33.53 crore), compared to ₹3,278.28 Lakhs (₹32.78 crore) in previous year, representing a 2% increase.

Operational Profit: ₹452.83 Lakhs (₹4.53 crore), compared to ₹440.04 Lakh (₹4.40 crore) in previous year.

Net Loss: ₹3,274.82 Lakhs (₹32.75 crore) due to a one-time loss on sale of investment to be written-off.

Subsidiary Sale Transaction

Kesar Multimodal Logistics Limited (KMLL) ceased to be a subsidiary effective September 10, 2025. This followed the transfer of 100% of the equity and preference shareholding held by the Company in KMLL to DP World Multimodal Logistics Private Limited (DPW). The transaction was executed pursuant to the Share Subscription and Purchase Agreement dated September 11, 2023 among the Company, KMLL and DPW.

Business Outlook for FY 2026-27

The marginal revenue increase in FY 2025-26 was attributed to increased imports and better commercial utilization of tanks in terminals. Exports reduced by 28% mainly due to increased flexi & iso tank requirements instead of bulk export.

A new chemical handling terminal was added at Kandla with approximately 83,000 KL capacity, affecting customer preferences.

Competitive landscape: Two existing competitors have formed a consortium with 240 tanks and total storage capacity of 0.8 MMT (800,000 metric tons), giving them market dominance leverage at Kandla. The Company stated it would strive to achieve better revenues during FY 2026-27.

Dividend Declarations

FY 2024-25 Dividend: Final dividend @ 30% (₹1.50 per equity share) declared at the 17th AGM held on 7th November 2025.

FY 2025-26 Dividends:

  • 1st Interim Dividend @ 10% (₹0.50 per equity share) declared by Board on February 10, 2026
  • Final Dividend @ 25% (₹1.25 per equity share) recommended by Board on May 26, 2026 for shareholder approval at AGM
  • Total Dividend for FY 2025-26: 35% (₹1.75 per share), compared to 30% in FY 2024-25

Acknowledgements

The Chairman acknowledged the devotion and hard work of officers, staff and workers. Thanks were extended to Banks, Customers, Government authorities for continued cooperation, and shareholders for their wholehearted support.