Warehousing & Logistics company Western Carriers (India) announced Q1FY26 results Revenue from operation in Q1FY26 stood at Rs 416 crore compared to Rs 423 crore in Q1FY25. EBITDA for Q1FY26 was at Rs 21 crore, with an EBITDA margin of 5.0%. For Q1FY25, EBITDA stood at Rs 35 crore, with an EBITDA margin of 8.4%. In Q1FY26 PAT stood at Rs 11 crore, with a PAT margin of 2.6%. For Q1FY25, PAT was at Rs 19 crore with margins at 4.5%. Rajendra Sethia , Chairman & Managing Director, Western Carriers (India), said: “Our company continues to build on its five-decade legacy as a trusted logistics partner, offering seamless multimodal supply chain solutions across India. Our asset-light, scalable model is focused on customized end-to-end services across key sectors such as metals, FMCG, and pharmaceuticals. With over 80% of our revenue coming from clients who’ve been with us for more than three years, our customer-first approach remains central to our operations. This quarter’s performance reflected the impact of subdued EXIM trade, due to the continuing global geopolitical situation. However, as trade flows normalise and infrastructure upgrades gather pace, we see a strong positive outlook ahead. During the quarter, we advanced our growth agenda with the launch of the 31-acre ICD Develiya facility in Gujarat offering direct port connectivity and fixed-schedule rail services across key routes and began executing a Rs 1,100 crore specialised cargo handling contract for JSL, further strengthening our capabilities in high-value, complex logistics. Both of these major developments should put us on a high growth trajectory in coming quarters. With a strong order book, specialised capabilities, and sector tailwinds, we are well-placed to deliver sustained growth and deepen our role as a preferred partner for complex supply chains.” Result PDF
Warehousing & Logistics company Western Carriers (India) announced Q3FY25 results Revenue from operations in Q3FY25 stood at Rs 4,429.99 million vis-a-vis Rs 4,567.07 million in Q3FY24. EBITDA (excluding other income) was Rs233.93 million, vis-a-vis Rs373.49 million in Q3FY24. EBITDA margin stood at 5.28% in Q3FY25. PAT was Rs 131.96 million for Q3FY25. Kanishka Sethia, Promoter, Whole time Director and CEO, WCIL, said: "Our revenues remained stable over the first nine months of the year despite major global geopolitical challenges affecting exim volumes. Domestic container volumes grew by approx. 24%, successfully offsetting a 15% approx. decline in exim container volumes for 9MFY24. The situation has now improved, and we anticipate double-digit growth in Q4 YoY basis. Our integrated, multimodal business model continues to make steady progress, guided by a clear vision to become the logistics partner of choice. Despite industry challenges, strong client relationships, customer-focused solutions, and new partnerships with leading manufacturers have created a strong foundation for future growth. I extend my heartfelt gratitude to the entire Western Carriers team for their unwavering dedication and strategic approach, which have been instrumental in navigating industry shifts and capturing new opportunities. We also deeply value the trust and support of our stakeholders. Looking ahead, we remain focused on achieving operational excellence and are confident that the momentum we are building will drive even greater success." Result PDF
Transportation & Logistics company Western Carriers (India) announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from operations remained flat in the Q2FY25 being Rs 4314.33 million vis a vis Rs 4258.51 million in same period last year. This is due to low growth in export market during the quarter in logistics industry. EBITDA (Excl other income) in Q2FY25 was Rs 361.41 million, an increase of 7.68% as compared to Rs 335.62 million in Q2FY24. This increment was led by optimization of operations even with the low growth in revenue during the quarter. EBITDA margins improved 50 bps to 8.38% in Q2FY25 as compared to 7.88% in Q2FY24. PAT grew by 3.61% in Q2FY25 to Rs 189.56 million as compared to Rs 182.96 million Q2FY24. PAT margin remained flat with 4.39% in Q2FY25 and 4.30% in Q2FY24. H1FY25 Financial Highlights: Revenue from operations grew by 3.23% to Rs 8,541.42 million in H1FY25 as compared to Rs 8,274.22 million H1FY24. EBITDA (excl other income) grew by 10.36% to Rs 716 million in H1FY25 as compared to Rs 649 million in H1FY24. EBITDA margins improved 54 bps in H1FY25 to 8.38% from 7.84% in H1FY24 led by cost optimizing initiatives and the new customers added in the first half of the year. In H1FY25, PAT grew 5.86% to Rs 378.56 million compared to Rs 357.59 million H1FY24. PAT Margin improved by 11 bps to 4.43% from 4.32% in H1FY25 as compared to the same period last year. Kanishka Sethia, Promoter, Whole time Director and CEO, WCIL, said: “I am truly delighted to present our consolidated unaudited quarterly and half yearly financial results of Western Carriers (India) Ltd for the quarter ended September 2024. The EBITDA grew by 10.36% during the first half year FY25 while revenue remained flat on of no export growth in the overall exports of the country affecting the logistics sector as well. The margin improvement was on account of cost optimization measures and improvement in operating efficiencies. We continue to build on our integrated multi-modal business with a clear objective of evolving into a preferred logistics solutions provider for our customers. We have demonstrated good growth in our business, despite industry challenges, owing to our long-standing relationships with customers that results in repeat business. Our clients have recognized us as their logistics partner of choice, which bolsters our confidence in pursuing large deals. Incrementally, we are now establishing new partnerships and securing orders from major steel manufacturers. I would also like to take this opportunity to acknowledge the dedication of the entire team of Western Carriers and thank them for their strategic insights, which are crucial for navigating industry changes and seizing new opportunities. We also thank all our stakeholders for their confidence and continued support. As we look to the future, we remain committed to excellence and confident in our path forward.” Result PDF