Allcargo Logistics Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Allcargo Logistics Ltd filed with BSE on 12 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Allcargo Logistics reported consolidated revenue of Rs 546 crore for Q1 FY27, up 11.2% year-on-year, with EBITDA of Rs 71 crore, up 39.2% year-on-year, and a profit after tax of Rs 14 crore compared to a loss in Q1 FY26. Express Logistics volumes grew 6.7% year-on-year with realization per tonne up 6.4%, while Consultative Logistics revenue grew 6.1% year-on-year on stable warehouse space under management of 7.5 million square feet. Management attributed the improvement to pricing discipline, service quality initiatives, and cost efficiencies across both business segments.
Numbers mentioned
Consolidated revenue: Rs 546 crores (Q1 FY27)
p. 5
“the revenue from operations for the quarter stood at INR546 crores, registering growth of 11.2%”
Deepak Pareek, page 5 of the filed PDF · View the filing
Consolidated gross profit: Rs 163 crores (Q1 FY27)
p. 6
“Consolidated gross profit for Q1 FY '27 stood at INR163 crores, registering a growth of 11.6% year-on-year and 6% as compared to previous quarter.”
Deepak Pareek, page 6 of the filed PDF · View the filing
EBITDA: Rs 71 crores (Q1 FY27)
p. 6
“EBITDA for the same period stood at INR71 crores, registering a growth of 39.2% over Q1 FY '26 and 18.9% over Q4 FY '26.”
Deepak Pareek, page 6 of the filed PDF · View the filing
Profit after tax: Rs 14 crores (Q1 FY27)
p. 6
“Allcargo Logistics has registered a profit after tax of INR14 crores as against the loss reported in Q1 FY '26.”
Deepak Pareek, page 6 of the filed PDF · View the filing
Express Logistics volume: 312,000 tonnes (Q1 FY27)
p. 6
“Volumes increased 6.7% year-on-year to 312,000 tonnes, while realization per tonne improved by 6.4%.”
Deepak Pareek, page 6 of the filed PDF · View the filing
Express revenue growth: 13.5% year-on-year (Q1 FY27)
p. 6
“The combination of healthy volume growth and better value realization resulted in Express revenues growing 13.5% year-on-year.”
Deepak Pareek, page 6 of the filed PDF · View the filing
Warehouse space under management: 7.5 million square feet (Q1 FY27)
p. 6
“warehouse space under management remained stable at 7.5 million square feet, revenues increased 6.1% year-on-year and 6.3% sequentially”
Deepak Pareek, page 6 of the filed PDF · View the filing
Express gross margin: 26.3% (Q1 FY27)
p. 6
“the yield effort and the volume growth has shored up the gross margin from the last year number of 25.3% to 26.3%.”
Deepak Pareek, page 6 of the filed PDF · View the filing
Express EBITDA margin: 6.2% (Q1 FY27)
p. 7
“Express is at 6.2% and at CL, we are at Consultative Logistics, we are at 29.56%.”
Deepak Pareek, page 7 of the filed PDF · View the filing
Consultative Logistics EBITDA margin: 29.56% (Q1 FY27)
p. 7
“Express is at 6.2% and at CL, we are at Consultative Logistics, we are at 29.56%.”
Deepak Pareek, page 7 of the filed PDF · View the filing
Other income: Rs 14 crores (Q1 FY27)
p. 8
“other income is a line item which you saw INR14 crores. It has 3 components.”
Deepak Pareek, page 8 of the filed PDF · View the filing
KEA share of revenue: about 60%
p. 9
“the KEA that we account for here are at about 60% of our revenue, retail at about 20% and the balance is strategic.”
Ketan Kulkarni, page 9 of the filed PDF · View the filing
Road vs air mix in Express: 95% road, 5% air
p. 10
“About 95% of our business is road and about 5% is air.”
Ketan Kulkarni, page 10 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Express EBITDA margin — 7.5% · FY27
stated firmly by Deepak Pareek
p. 8
“we had said it will be 7.5% on the Express margin so that we are looking at in this year.”
Deepak Pareek, page 8 of the filed PDF · View the filing
Express EBITDA margin — 10% · 3 years
stated as an aspiration by Deepak Pareek
p. 8
“if you see 10% is the target in that plan, so we are inching up towards that direction.”
Deepak Pareek, page 8 of the filed PDF · View the filing
Pre-Ind AS adjusted EBITDA / operating PBT — 5% to 6% · this year
stated firmly by Deepak Pareek
p. 8
“This year, the trajectory on this front is to be in the level of 5% to 6% and improve from there on.”
Deepak Pareek, page 8 of the filed PDF · View the filing
Express Capex — INR10 crores to INR15 crores
stated firmly by Deepak Pareek
p. 7
“There would be constant improvements to the existing infrastructure would be around INR10 crores to INR15 crores on the Express business front.”
Deepak Pareek, page 7 of the filed PDF · View the filing
Consultative Logistics Capex — around INR20 crores · this year
stated firmly by Deepak Pareek
p. 7
“there would be around INR20 crores on the CL front on the additional CapEx allocation.”
Deepak Pareek, page 7 of the filed PDF · View the filing
Company revenue growth — a percentage point above the logistics industry growth
stated firmly by Ketan Kulkarni
p. 7
“whatever logistics industry growth is, we will be at a percentage point above the logistics industry.”
Ketan Kulkarni, page 7 of the filed PDF · View the filing
Consultative Logistics revenue growth relative to Express — a tad faster than Express
stated firmly by Ketan Kulkarni
p. 14
“both the businesses will get the relevant focus from the organization with a clearer focus in terms of revenue growth, which will be a tad faster than Express on the CL side.”
Ketan Kulkarni, page 14 of the filed PDF · View the filing
Price realization and EBITDA margin improvement — Q2
stated firmly by Deepak Pareek
p. 11
“this price improvement and realization exercise is shoring up our EBITDA margin, as you saw in this first quarter, will continue in this Q2 also.”
Deepak Pareek, page 11 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Express is at 6.2% and Consultative Logistics is at 29.56%.
Answered by Deepak Pareek
Asked by Pritesh Chheda: What is the EBITDA margin breakdown between Express Logistics and Consultative Logistics?
p. 7
“Express is at 6.2% and at CL, we are at Consultative Logistics, we are at 29.56%.”
Deepak Pareek, page 7 of the filed PDF · View the filing
Growth is a key priority, targeting growth faster than the industry, based on operational superiority, disciplined execution and long-term customer partnerships.
Answered by Ketan Kulkarni
Asked by Pritesh Chheda: What are the key priorities and capital allocation plans for the next 24 months?
p. 7
“growth is a very, very key priority for us. And that growth is formalized in a manner that we will grow faster than the market.”
Ketan Kulkarni, page 7 of the filed PDF · View the filing
It includes liquidity interest, a one-time lease closure gain, and income refunds.
Answered by Deepak Pareek
Asked by Pratiti Khara: What comprises the Rs 14 crore other income line?
p. 8
“One exceptional is the lease closure, which has happened in this quarter. So that's one INR8 crore amount, which is the other income component sitting here”
Deepak Pareek, page 8 of the filed PDF · View the filing
Management guided to a level of 5% to 6% this year, improving from there.
Answered by Deepak Pareek
Asked by Pratiti Khara: What is the expected trajectory for the pre-Ind AS adjusted EBITDA margin?
p. 8
“This year, the trajectory on this front is to be in the level of 5% to 6% and improve from there on.”
Deepak Pareek, page 8 of the filed PDF · View the filing
KEA continues to be around 62-63% of revenue with the rest being strategic retail.
Answered by Deepak Pareek
Asked by Chirag: What is the bifurcation between KEA and SME/retail mix in Express?
p. 9
“KEA continue to be in the proportion of 62% or 63%. Rest all is kind of strategic retail for us.”
Deepak Pareek, page 9 of the filed PDF · View the filing
About 80% was natural escalation from service improvement and 20% was diesel pass-through.
Answered by Deepak Pareek
Asked by Chirag: How much of the realization increase came from natural price escalation versus diesel pass-through?
p. 10
“the natural escalation is a larger pie, which would be, let's say, 80% and 20% would be around on the pass-through of diesel impact.”
Deepak Pareek, page 10 of the filed PDF · View the filing
Management said two large warehouses reduced white space deliberately to cut costs, with no impact on revenue capability.
Answered by Deepak Pareek
Asked by Ahmed Madha: Why has warehouse space under management declined over recent quarters?
p. 13
“2 large warehouses we did action in terms of reducing the white space impact. So that was one deliberate attempt by us to reduce that white space as a cost.”
Deepak Pareek, page 13 of the filed PDF · View the filing
Management said the margin has trended in a similar range with about a 1% upward move.
Answered by Deepak Pareek
Asked by Anshul: Has the Consultative Logistics EBITDA margin of around 29.5% spiked recently or been consistent?
p. 14
“the margin has been trending in a similar range from Q1, Q4 numbers. So there has been, I think, some around 1% kind of upward move, but this has been at this level of 28% to 29%.”
Deepak Pareek, page 14 of the filed PDF · View the filing
Management said both factors are at play, with a shift toward organized players as the economy formalizes.
Answered by Ketan Kulkarni
Asked by Anshul: Is the Express volume growth due to a shift to organized players or general market buoyancy?
p. 14
“there is a shift towards organized players as the economy becomes more formalized. We are seeing that swing when we engage with customers.”
Ketan Kulkarni, page 14 of the filed PDF · View the filing
Risks flagged
Cost inflation from fuel and labor increases
p. 11
“if you see Express and Consultative Logistics, I think the pricing inflation, one is from the fuel increase and also on the labor cost, there has been an inflation challenge, which we have been facing in this quarter.”
Deepak Pareek, page 11 of the filed PDF · View the filing
Global macroeconomic environment shaped by geopolitical developments and economic uncertainty
p. 5
“the global macroeconomic environment continues to be shaped by geopolitical developments and economic uncertainty”
Ketan Kulkarni, page 5 of the filed PDF · View the filing
Continuing inflation pressure going forward
p. 11
“So going ahead, inflation, we are mindful. It will continue and the steadiness what Ketan mentioned that in terms of the diesel price increase, which is a pass-through with our customers and vendors.”
Deepak Pareek, page 11 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.