Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Regulatory filing under SEBI Listing Regulations 30 and 33

Audit Opinion:

Clean opinion - Limited Review Report issued by D C Dharewa & Co., Chartered Accountants (FRN:322617E) states no material misstatements found

Key Financial Highlights [Amounts in Rs. Millions]:

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: 4,486.19 (Q2 FY26: 4,396.15, +2.05% YoY; Q1 FY27: 4,648.75, -3.50% QoQ)
  • Total Income: 4,513.36
  • EBITDA: Not separately disclosed
  • Net Profit: 90.57 (Q2 FY26: 89.45, +1.25% YoY; Q1 FY27: 86.91, +4.21% QoQ)
  • EPS: 0.89 (Basic and Diluted)
  • Other Equity: 8,338.54 (March 31, 2026: 8,160.45)
  • Cash and Cash Equivalents: 28.59
  • Debt: Short-term borrowings 2,408.97; Long-term borrowings 186.67; Total borrowings 2,595.64

Half-year ended September 30, 2026:

  • Revenue from Operations: 9,134.94 (H1 FY26: 8,554.33, +6.79% YoY)
  • Total Income: 9,197.23
  • Net Profit: 177.48 (H1 FY26: 197.29, -10.04% YoY)
  • EPS: 1.74 (Basic and Diluted)

Consolidated Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: 4,486.19
  • Total Income: 4,513.36
  • Net Profit: 90.58
  • EPS: 0.89 (Basic and Diluted)
  • Other Equity: 8,338.02

Half-year ended September 30, 2026:

  • Revenue from Operations: 9,134.94
  • Total Income: 9,197.23
  • Net Profit: 177.50
  • EPS: 1.74 (Basic and Diluted)

Segment-wise Performance:

The company operates as a single segment - logistics and allied services. No separate segment information provided as per Ind AS-108.

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes announced.

Other Significant Information:

IPO Proceeds Utilization (as of September 30, 2026):

  • Total fresh issue amount: Rs 4,000.00 million
  • Net proceeds after offer expenses: Rs 3,629.38 million
  • Utilization:
  • Prepayment of borrowings: Rs 1,635.00 million (100% utilized)
  • Capital expenditure: Rs 778.28 million out of Rs 1,517.10 million (51.28% utilized)
  • General corporate purposes: Rs 477.28 million (100% utilized)
  • Unutilized amount: Rs 738.82 million (temporarily invested in fixed deposits)

Balance Sheet Highlights (Standalone):

  • Total Assets: 12,682.28 (March 31, 2026: 12,054.84)
  • Property, plant and equipment: 1,840.37
  • Capital work in progress: 352.38
  • Trade receivables: 7,011.42
  • Loans: 1,091.61

Cash Flow Highlights (Standalone, Half-year):

  • Net cash from operating activities: 176.06
  • Net cash used in investing activities: (566.48)
  • Net cash from financing activities: 326.81
  • Net decrease in cash: (63.61)

Entities in Consolidation:

  • Western Carriers (India) Limited (Parent)
  • F. M Carriers Private Limited (Associate)
  • Success Suppliers Private Limited (Associate)
  • SMP Properties Private Limited (Associate)