Warehousing & Logistics company Western Carriers (India) announced Q4FY26 & FY26 results Q4FY26 Standalone Financial Highlights: Revenue from operations: Rs 4,957.16 million, compared to Rs 4,285.79 million in Q4FY25 (YoY growth of ~15.7%) and Rs 4,780.89 million in the preceding quarter (QoQ growth of ~3.7%). Net Profit: Rs 82.60 million, compared to Rs 140.79 million in Q4FY25 (YoY decrease of ~41.3%) and Rs 108.27 million in the preceding quarter (QoQ decrease of ~23.7%). FY26 Standalone Financial Highlights: Revenue from operations: Rs 18,292.38 million, compared to Rs 17,257.20 million in FY25 (YoY growth of ~6%). Net Profit: Rs 388.16 million, compared to Rs 651.28 million in FY25 (YoY decrease of ~40.4%). Q4FY26 Consolidated Financial Highlights: Revenue from operations: Rs 4,957.16 million, compared to Rs 4,285.79 million in Q4FY25 (YoY growth of ~15.7%) and Rs 4,780.89 million in the preceding quarter. Net Profit: Rs 82.58 million, compared to Rs 140.78 million in Q4FY25 and Rs 108.28 million in the preceding quarter. FY26 Consolidated Financial Highlights: Revenue from operations: Rs 18,292.38 million, compared to Rs 17,257.20 million in FY25. Net Profit: Rs 388.17 million, compared to Rs 651.30 million in FY25. Business Highlights: Segment Performance: The company operates as a major logistics service provider and is managed as a single operating segment, "Logistics and allied services". No separate segment information has been provided. IPO Proceeds Utilization: The company raised Rs 4,000.00 million through a fresh issue of shares in its Initial Public Offering (IPO). As of March 31, 2026, out of the total net proceeds of Rs 3,629.38 million, Rs 2,716.38 million has been utilized. The unutilized amount of Rs 913 million is primarily earmarked for the funding of capital expenditure requirements (purchase of commercial vehicles, specialized containers, and reach stackers) and is currently temporarily invested in fixed deposits with scheduled commercial banks. Audit Opinion: The statutory auditors have issued an unmodified audit opinion on the standalone and consolidated financial results for the quarter and year ended March 31, 2026. Rajendra Sethia, Chairman & Managing Director, Western Carriers (India), said: “Our company continues to consolidate and grow our position as a dependable multimodal logistics partner, backed by integrated capabilities and a strong customer franchise. The fourth quarter was shaped by significant geopolitical disruptions. Despite which, we sustained momentum with steady sequential revenue growth, supported by stable domestic operations and disciplined execution ensuring customer delight. Our multimodal network ensured consistent service reliability, and this together with our Gati Shakti Multi Modal Cargo Terminal near Morbi, we’ve been able to further strengthen our offerings. This has allowed us to continue delivering dependable service to all our clients across India, supporting both our corporate and MSME customers through seamless multimodal connectivity. As we move into FY27, our focus remains on operational resilience, measured capacity expansion, and improving realizations. We are well positioned to benefit as trade flows normalise, and remain committed to delivering consistent performance and long-term value.” Result PDF
Warehousing & Logistics company Western Carriers (India) announced Q3FY26 results Revenue from operations: Rs 4,780.89 million against Rs 4,429.99 million during Q3FY25, change 8%. PBT: Rs 146.51 million against Rs 178.12 million during Q3FY25, change -18%. PAT: Rs 108.28 million against Rs 131.96 million during Q3FY25, change -18%. EPS: Rs 1.06 for Q3FY26. Result PDF
Warehousing & Logistics company Western Carriers (India) announced Q2FY26 results Revenue from operation in Q2FY26 stood at Rs 440 crore and for Q1FY26 at Rs 416. EBITDA for Q2FY26 was at Rs 19 crore, with an EBITDA margin of 4.3%. For Q1FY26, EBITDA stood at Rs 21 crore, with an EBITDA margin of 5.0%. In Q2FY26 PAT stood at Rs 9 crore, with a PAT margin of 2.0%. For Q1FY26, PAT was at Rs 11 crore with margins at 2.6%. Rajendra Sethia , Chairman & Managing Director, Western Carriers (India), said: “Our company continues to strengthen its position as a trusted multimodal logistics partner, delivering integrated and scalable solutions across India’s evolving supply chain landscape. Despite a difficult global geopolitical landscape, in Q2FY26 our revenue grew 6 % QoQ to Rs 440 crore, while EBITDA stood at Rs 19 crore and PAT at Rs 9 crore. Our multimodal network ensured consistent service reliability despite monsoon disruptions and GST adjustments, while the commissioning of our Gati Shakti Multi Modal Cargo Terminal at Devaliya Station near Morbi enhanced our service offerings from this major Gujarat industrial cluster to pan India helping both our corporate as well as MSME customers. Looking ahead, we are committed to expanding our service offerings, accelerating automation, and delivering scalable, technology-driven logistics solutions that support India’s industrial growth and generate long-term stakeholder value.” Result PDF
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