Date: August 14, 2026

Financial Performance Summary

Consolidated Q1 FY27 Results

| Particulars (₹ Cr) | Q1 FY27 | Q1 FY26 | Q4 FY26 |

| Revenue from Operations | 465 | 416 | 496 |

| EBITDA | 19 | 21 | 21 |

| EBITDA Margin | 4.1% | 5.0% | 4.3% |

| PAT | 9 | 11 | 8 |

| PAT Margin | 1.9% | 2.6% | 1.7% |

Key Highlights

  • Total Income for Q1 FY27 stood at ₹468 crores, compared to ₹420 crores in Q1 FY26, representing 11.4% YoY growth
  • Revenue from Operations increased to ₹465 crores from ₹416 crores YoY
  • EBITDA decreased to ₹19 crores from ₹21 crores YoY, with margin contraction from 5.0% to 4.1%
  • PAT decreased to ₹9 crores from ₹11 crores YoY but increased 12.5% QoQ from ₹8 crores in Q4 FY26
  • PAT margin was 1.9% compared to 2.6% in Q1 FY26 and 1.7% in Q4 FY26

Management Commentary

Mr. Rajendra Sethia, Chairman and Managing Director, commented on the results:

  • The company demonstrated resilience of its integrated logistics platform despite operating environment shaped by geopolitical uncertainties and evolving trade dynamics
  • Diversified customer base, multimodal capabilities, and execution focus enabled maintenance of service reliability across domestic and EXIM markets
  • The company remains well positioned to participate in India's logistics infrastructure and multimodal connectivity growth opportunities
  • Focus areas include operational efficiency, digital innovation, and customer-centric solutions to enhance competitive positioning
  • Looking ahead, the company remains focused on disciplined growth, strengthening profitability, and expanding capabilities in line with customer requirements
  • Expressed confidence in delivering consistent performance with resilient business model and strong market presence

Company Background

Western Carriers (India) Ltd is described as one of India's largest multi-modal, rail-focused, 4PL asset-light logistics companies. The company:

  • Has a scalable, technology-enabled business model
  • Delivers customized, end-to-end 3PL and 4PL logistics solutions
  • Integrates road, rail, water, and air transport with value-added services across the supply chain
  • Founded as a rail-centric logistics venture by Rajendra Sethia in 1972
  • Incorporated under WCIL in 2013
  • Has evolved over five decades to become a trusted partner for integrated, single-window logistics solutions