Allcargo Terminals Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Allcargo Terminals Ltd filed with BSE on 18 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 Terminals reported Q1 FY27 container volumes of 1,76,499 TEUs, up 7.2% year-on-year, with revenue of INR214 crores compared to INR187 crores in Q1 FY26. EBITDA excluding other income rose to INR47 crores from INR35 crores a year earlier, while net profit declined to INR6 crores from INR9 crores due to tax on dividends from joint venture companies and prior-year tax impact. Management also announced a leadership transition, with Suresh Kumar stepping down as Managing Director at the end of August and Pranav Choudhary, previously with Adani Ports, taking over from September 1.
Numbers mentioned
Total volume handled: 1,76,499 TEUs (Q1 FY27)
p. 5
“The total volume handled for Q1 FY27 stood at 1,76,499 TEUs, reflecting a 7.2% growth year-on-year.”
Pritam Vartak, page 5 of the filed PDF · View the filing
Revenue: INR214 crores (Q1 FY27)
p. 5
“Revenue for the quarter stood at INR214 crores as compared to INR187 crores for Q1 FY26 and INR208 crores for Q4 FY26.”
Pritam Vartak, page 5 of the filed PDF · View the filing
EBITDA excluding other income: INR47 crores (Q1 FY27)
p. 5
“EBITDA, excluding other income, for Q1 FY27 stood at INR47 crores as compared to INR35 crores for Q1 FY26 and INR44 crores for Q4 FY26.”
Pritam Vartak, page 5 of the filed PDF · View the filing
Net profit: INR6 crores (Q1 FY27)
p. 5
“Net profit for Q1 FY27 was INR6 crores as compared to INR9 crores for both Q1 FY26 and Q4 FY26.”
Pritam Vartak, page 5 of the filed PDF · View the filing
Annual handling capacity: approximately 1.03 million TEUs (FY26)
p. 3
“Over last year, which is FY26, we increased our annual handling capacity by nearly 20% to approximately 1.03 million TEUs.”
Suresh Kumar, page 3 of the filed PDF · View the filing
Revenue per TEU: INR13,000 per TEU (Q1 FY27)
p. 13
“Now that is something which we have been able to push at INR13,000 per TEU in the current financial quarter.”
Pritam Vartak, page 13 of the filed PDF · View the filing
Nepal JV contribution to overall profitability/revenue: about 2% to 3%
p. 14
“This contributes at best about 2% to 3% of the overall profitability revenue that we have.”
Suresh Kumar, page 14 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.
EBITDA per TEU — around INR2,400 level
stated firmly by Pritam Vartak
p. 5
“Going forward, we expect EBITDA per TEU to remain around INR2,400 level.”
Pritam Vartak, page 5 of the filed PDF · View the filing
Tax rate — 25%
stated firmly by Pritam Vartak
p. 5
“Going forward, tax rate is expected to remain at 25% as we have moved to concessional tax regime from now onwards.”
Pritam Vartak, page 5 of the filed PDF · View the filing
Capex — close to INR400 crores · Plan 2030
stated firmly by Pritam Vartak
p. 6
“So overall, there is a requirement of close to INR400 crores of capex.”
Pritam Vartak, page 6 of the filed PDF · View the filing
Capex for current financial year — close to INR100 crores · FY27
stated firmly by Pritam Vartak
p. 6
“Close to INR100 crores of that capex we should incur in the current financial year, '26-27.”
Pritam Vartak, page 6 of the filed PDF · View the filing
EBITDA per TEU including Farukhnagar — INR2,750 · 3 years plan
stated as an aspiration by Pritam Vartak
p. 7
“In our 3 years plan, we have targeted EBITDA per TEU of INR2,750.”
Pritam Vartak, page 7 of the filed PDF · View the filing
EBITDA per TEU — INR2,400 to INR2,500 per TEU
stated as an aspiration by Suresh Kumar
p. 9
“So we will endeavor to maintain profitability, EBITDA per TEU numbers in the range of INR2,400 to INR2,500 per TEU.”
Suresh Kumar, page 9 of the filed PDF · View the filing
Farukhnagar Private Freight Terminal completion — May 2027
stated firmly by Suresh Kumar
p. 4
“Construction of the Farukhnagar Private Freight Terminal remains on track for completion by May 2027.”
Suresh Kumar, page 4 of the filed PDF · View the filing
Farukhnagar PFT commissioning — March 2027
stated firmly by Suresh Kumar
p. 8
“March '27 is the deadline for the PFT to be commissioned.”
Suresh Kumar, page 8 of the filed PDF · View the filing
Farukhnagar ICD completion — Q3 (October, November, December '27)
stated firmly by Suresh Kumar
p. 11
“and the ICD portion should get completed by Q3, which is October, November, December '27.”
Suresh Kumar, page 11 of the filed PDF · View the filing
Speedy JNPT upgrade completion — January-February 2027
stated firmly by Suresh Kumar
p. 11
“The work will start in post monsoon in Mumbai, August, September and should get completed by Jan - February of '27.”
Suresh Kumar, page 11 of the filed PDF · View the filing
Speedy JNPT additional capacity — approximately 60,000 TEUs
stated firmly by Suresh Kumar
p. 4
“This will add approximately 60,000 TEUs of annual handling capacity for us in Speedy JNPT, which is the closest facility to the port in Nhava Sheva.”
Suresh Kumar, page 4 of the filed PDF · View the filing
Total capacity target — INR13 lakh capacity · 2030 vision
stated firmly by Suresh Kumar
p. 11
“Even without that, we are well poised to get to the INR13 lakh capacity that we have planned in our 2030 vision.”
Suresh Kumar, page 11 of the filed PDF · View the filing
Dividend payout
stated as an aspiration by Suresh Kumar
p. 10
“And then over a period of time in the coming future, we will move from this phase to a phase in which we become a regular dividend-paying company.”
Suresh Kumar, page 10 of the filed PDF · View the filing
Chennai facility timeline — next quarter call
stated conditionally by Suresh Kumar
p. 11
“And once we have clarity amongst the options that we decided to choose, possibly in the next quarter call, we will be able to give you a firm time line.”
Suresh Kumar, 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.
Management outlined a total capex plan of close to INR400 crores under Plan 2030, funded through equity raised, existing accruals, annual cash flow, and some debt.
Answered by Pritam Vartak
Asked by Raj Doshi: What is the capex plan for FY27 and FY28, and how will it be funded?
p. 6
“So overall, there is a requirement of close to INR400 crores of capex. Various funds requirement -- various funding plans for this INR400 crores capex has also been in place.”
Pritam Vartak, page 6 of the filed PDF · View the filing
Management said EBITDA per TEU is currently maintained around INR2,400 and targeted to reach INR2,750 including the Farukhnagar project.
Answered by Pritam Vartak
Asked by Raj Doshi: What is the EBITDA per TEU target once the ICD is fully operational?
p. 7
“In our 3 years plan, we have targeted EBITDA per TEU of INR2,750. That's including Farukhnagar project.”
Pritam Vartak, page 7 of the filed PDF · View the filing
Management confirmed the company handles LCL containers for Allcargo Logistics across locations, contributing 10-12% of revenue at similar margins to third-party customers.
Answered by Pritam Vartak
Asked by Devraj: Does the company get business from group companies like Allcargo Global?
p. 7
“It comprises close to 10% to 12% of my overall revenue and margins are on a similar level as we get it from our third-party customers.”
Pritam Vartak, page 7 of the filed PDF · View the filing
Management described the operational and commercial improvements driving margin gains and said they aim to maintain EBITDA per TEU around INR2,400-2,500.
Answered by Suresh Kumar
Asked by Vikram: Is the current EBITDA margin of over 22% sustainable, and what is the guidance for the next two years?
p. 9
“So we will endeavor to maintain profitability, EBITDA per TEU numbers in the range of INR2,400 to INR2,500 per TEU.”
Suresh Kumar, page 9 of the filed PDF · View the filing
Management said they are prioritizing investment plans and expansion over dividends at this stage, given the company recently raised equity capital.
Answered by Pritam Vartak
Asked by Janvi Sharma: Are there plans for a dividend payout policy given the cash-rich business?
p. 10
“As we execute our projects, as we go into the different trajectory where the cash flow requirements have been fully taken care of and we are good invested into a project, we will look at those -- returning some of this money to our investors by way of dividend.”
Pritam Vartak, page 10 of the filed PDF · View the filing
Management attributed the increase to annual increments and an ESOP issued to a KMP, and said this should be treated as the regular quarterly run rate.
Answered by Pritam Vartak
Asked by Rikesh Parikh: Was the increase in employee cost a one-off?
p. 11
“So impact of ESOP would be close to INR1 crore for the quarter and the impact of increments we have already taken. So you can take this as a regular quarterly.”
Pritam Vartak, page 11 of the filed PDF · View the filing
Management said about 70% of the import clearance workflow has been automated through the app, with 70-80% monthly usage among large CHAs.
Answered by Suresh Kumar
Asked by Utsav B.: How much of the myCFS import workflow has been automated and what is the adoption rate?
p. 12
“I think we have automated about 70% of that workflow through the myCFS app.”
Suresh Kumar, page 12 of the filed PDF · View the filing
Management estimated roughly half the improvement came from better yield management and half from operational efficiencies.
Answered by Pritam Vartak
Asked by Utsav B.: How much of the EBITDA per TEU increase came from cost savings versus pricing?
p. 13
“Maybe to answer your question, we can put it as like a 50% of the savings we have been able to derive by way of better yield management and 50% of this improvement has come from our operational efficiencies, which includes RST modernization plan and yard management systems and things which we have implemented.”
Pritam Vartak, page 13 of the filed PDF · View the filing
Management said the PFT will initially serve domestic cargo, transitioning to a mix of roughly 20-25% domestic and 75-80% EXIM once the ICD is operational.
Answered by Suresh Kumar
Asked by Devraj: Will the Farukhnagar private freight terminal target domestic or EXIM rail TEUs?
p. 14
“the volumes that this terminal will handle will be in the range of 20% to 25% domestic and about 75% to 80% EXIM.”
Suresh Kumar, page 14 of the filed PDF · View the filing
Risks flagged
Global uncertainty and geopolitical disruptions affecting trade flows
p. 3
“Q1 unfolded against a backdrop of continued global uncertainty, including disruptions arising from the geopolitical developments and fluctuations in trade flows.”
Suresh Kumar, page 3 of the filed PDF · View the filing
Limits to further yield management gains due to competitive market
p. 9
“And therefore, beyond the point, I don't think we can push yield management.”
Suresh Kumar, page 9 of the filed PDF · View the filing
Uncertainty over Mundra land license extension beyond 2030-31
p. 11
“Depending upon what happens to the extension discussions with the landlord there, we will take a call whether to continue with the same or build a larger facility outside.”
Suresh Kumar, page 11 of the filed PDF · View the filing
Lower EBITDA margin on domestic rail volumes compared to EXIM
p. 14
“Yes. You're right.”
Suresh Kumar, page 14 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.