Allcargo Terminals FY26 PAT jumps 46% on higher volumes

What the audited FY26 results show

Allcargo Terminals Limited reported a stronger FY26, led by higher throughput and better operating performance. The company released its audited financial results for the quarter and year ended March 31, 2026. Consolidated profit after tax (PAT) for FY26 stood at ₹44 crore, up from ₹30 crore in FY25, translating into 46% year-on-year growth. EBITDA for FY26 rose to ₹162 crore from ₹128 crore, a 26% increase. Annual volumes climbed to 7.23 lakh TEUs, marking 6% growth over the prior year. The numbers indicate a year where higher cargo handling supported profitability, despite quarterly movements across the year.

FY26 profitability: PAT and EBITDA trends

The FY26 consolidated PAT of ₹44 crore is the headline number, especially as it reflects a meaningful increase over FY25’s ₹30 crore. The EBITDA increase to ₹162 crore suggests better operating leverage through the year. Management commentary in earlier quarters also pointed to operational efficiency and process optimisation as focus areas, which aligns with the reported improvement in EBITDA. The FY26 results also connect with the company’s steady volume ramp-up, with annual handling reaching 7.23 lakh TEUs. Since terminal businesses are sensitive to utilisation and operating efficiency, even modest volume growth can influence margins. The audited results provide a year-end confirmation of these operational gains.

Q4 FY26 turnaround: profit returns after a loss

In Q4 FY26, Allcargo Terminals reported consolidated revenue of ₹208 crore, compared with ₹186 crore in Q4 FY25. Quarterly EBITDA rose to ₹44 crore from ₹34 crore in the year-ago quarter. The quarter also showed a reversal in profitability, with PAT at ₹9 crore versus a net loss of ₹2 crore in Q4 FY25. This shift from loss to profit is notable because it changes the year-end momentum. The company’s quarterly outcome also supports the broader FY26 improvement in consolidated earnings.

Volume growth in FY26: 7.23 lakh TEUs

A key operating metric disclosed with the audited results was annual volume handled. Allcargo Terminals reported FY26 volumes of 7.23 lakh TEUs, up 6% year-on-year. This increase matters because terminal revenues and profitability are closely linked to container throughput and utilisation levels. The FY26 volume number also provides context for why EBITDA rose 26% over the year. While the data does not break down volumes by location, the consolidated volume figure indicates expansion in activity across the business.

Standalone numbers diverge from consolidated performance

Alongside consolidated results, the company also disclosed standalone performance for FY26. On a standalone basis, net profit came in at ₹39.70 crore for FY26, lower than ₹52.95 crore in the previous year. At the same time, standalone income from operations increased to ₹564.20 crore from ₹513.71 crore. This combination of higher standalone operating income but lower standalone profit shows the importance of looking at both consolidated and standalone financials for a fuller picture. It also reinforces why investors typically track consolidated performance for group-level profitability.

Q3 FY26: strong quarter highlighted in the earnings call

Earlier in the year, the company’s Q3 FY26 earnings conference call described a strong operating quarter. Volume handling reached 1,76,560 TEUs, a reported 18% year-on-year increase and 5% quarter-on-quarter improvement. Revenue for Q3 FY26 was ₹218 crore, up 17% year-on-year and 5% sequentially. EBITDA excluding other income for the quarter stood at ₹43 crore, up 31% year-on-year and 6% quarter-on-quarter. Net profit for Q3 FY26 was ₹15 crore, reflecting 28% year-on-year growth and 33% quarter-on-quarter growth. During the same discussion, the company also referred to EBITDA per TU of ₹2,435, and separately stated the current quarter EBITDA per TU was 2,412.

Nine-month performance up to December 2025

For the nine months ended December 31, 2025, the company reported total volume of 4,96,296 TEUs. Revenue for the nine-month period stood at ₹613 crore. The company also reported nine-month EBITDA of ₹118 crore and net profit of ₹35 crore. Year-on-year growth numbers shared in the call indicated volume up 7%, revenue up 7%, EBITDA up 24%, and net profit up 9% over the comparable nine-month period. These nine-month disclosures help explain the full-year trajectory, culminating in the audited FY26 outcome.

Debt-free status and capacity expansion guidance

In the Q3 FY26 call transcript submitted to stock exchanges under SEBI Regulation 30(6), management stated the company had repaid its borrowings and would be debt-free in Q4 FY26. The same commentary referenced capacity expansion from 8.3 lakh TEUs to 10 lakh TEUs annually. While audited FY26 results focus on financial outcomes, the debt-free claim and capacity expansion detail are important operational markers that the company highlighted during the year. These factors often influence funding costs, balance sheet flexibility, and the ability to accommodate higher throughput.

Key reported metrics at a glance

Why these results matter for investors tracking terminals

The FY26 audited numbers show that Allcargo Terminals improved consolidated profitability, supported by higher volumes and stronger quarterly execution in the second half. The Q4 swing to profit, combined with higher Q4 revenue and EBITDA, signals improved year-end performance compared with the prior year’s loss in the same quarter. The earlier Q3 disclosures also provide operational colour, including higher quarterly volumes and management’s statement on becoming debt-free in Q4 FY26. At the same time, the standalone profit decline despite higher standalone operating income underlines that profitability can differ across reporting scopes. The next set of updates investors will watch are subsequent quarterly filings and any further disclosures on utilisation and capacity as the company operates with a stated annual capacity of 10 lakh TEUs.