Allcargo Logist. Q2 FY27 Results (NSE: ALLCARGO)
Signal: Steady quarter
The read
Standalone operations improved: revenue reached ₹555 crore, +3.4% YoY, while the EBITDA proxy rose to ₹77 crore or 13.9%, and PAT turned to ₹16 crore from a ₹5 crore loss. The improvement is operational rather than other-income-led, but consolidated trajectory cannot be assessed from the supplied text and the auditor highlighted accounting treatment overriding applicable Ind AS for the composite scheme.
P&L walk
Standalone revenue increased to ₹555 crore, +3.4% YoY and +1.6% QoQ; the ₹23 crore pre-exceptional PBT and ₹16 crore PAT improved materially from the year-ago loss, with no exceptional item in the quarter.
Segments
The company reports one reportable segment, domestic logistics services; discontinued fuel-station operations generated ₹9 crore revenue and a ₹1 crore loss in the quarter, versus ₹46 crore revenue and ₹1 crore profit YoY.
Key positives
- Standalone revenue rose to ₹555 crore, +3.4% YoY and +1.6% QoQ, after ₹537 crore in the year-ago quarter.
- The EBITDA proxy rose to ₹77 crore, +12.2% YoY, with the proxy margin expanding to 13.9% from 12.8% despite employee costs rising 5.7% YoY.
- Pre-exceptional PBT increased to ₹23 crore from ₹8 crore YoY, while the current quarter had no exceptional charge versus a ₹15 crore charge in the year-ago quarter.
- Operating cash flow remained positive at ₹175 crore in H1FY27, despite being below ₹203 crore in H1FY26.
Key concerns
- Trade receivables increased to ₹454 crore from ₹429 crore at March 31, 2026, while cash declined to ₹25 crore from ₹71 crore.
- Gross borrowings increased to ₹122 crore from ₹102 crore at March 31, 2026, and finance cost rose 6.7% YoY to ₹16 crore.
- Discontinued fuel-station operations still reported a ₹1 crore quarterly loss on ₹9 crore revenue.
- The supplied filing text does not include the consolidated financial-results table, preventing a complete group-level assessment.
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