Allcargo Terminals FY26 PAT up 46% as volumes rise

Key takeaway from the audited FY26 results

Allcargo Terminals Limited reported higher profitability in FY26, supported by steady growth in container volumes. In its audited results for the quarter and year ended March 31, 2026, the company posted a consolidated profit after tax (PAT) of ₹44 crore for FY26, up from ₹30 crore in FY25. Annual volumes rose 6% year-on-year to 7.23 lakh TEUs, which the company linked to the improvement in earnings.

The March quarter also stood out for the turnaround in bottom line. Allcargo Terminals reported a consolidated PAT of ₹9 crore in Q4 FY26, compared with a net loss of ₹2 crore in Q4 FY25. Revenue and EBITDA also improved in the quarter, indicating stronger operating performance versus the year-ago period.

FY26 numbers: profit and EBITDA moved up

For FY26, consolidated EBITDA increased to ₹162 crore, a 26% rise from ₹128 crore in FY25. The company’s consolidated revenue for the full year rose to ₹821 crore from ₹758 crore. With volumes at 7.23 lakh TEUs for the year, the operational scale-up was accompanied by stronger profitability at the consolidated level.

The audited disclosure also included standalone performance for FY26. On a standalone basis, net profit fell to ₹39.70 crore from ₹52.95 crore in FY25, even as standalone income from operations increased to ₹564.20 crore from ₹513.71 crore. The difference between consolidated and standalone trends is important for investors tracking how subsidiaries and consolidated operations are shaping reported profits.

Q4 FY26: revenue rose and PAT turned positive

In Q4 FY26, consolidated revenue came in at ₹208 crore, up from ₹186 crore in Q4 FY25. EBITDA increased to ₹44 crore from ₹34 crore over the same period. The quarter’s PAT improved to ₹9 crore, reversing the ₹2 crore loss recorded in the year-ago quarter.

The Q4 turnaround matters because it shows the company ended the financial year with positive profitability after a loss in the comparable quarter. It also aligns with management’s comments in earlier updates about strengthening operations and sustaining profitability while driving volumes.

Snapshot: quarterly and annual metrics

Volumes and capacity: what the company has disclosed

Allcargo Terminals reported annual volumes of 7.23 lakh TEUs in FY26, up 6% year-on-year. In its Q3 FY26 earnings call disclosures, the company highlighted volume handling of 1,76,560 TEUs for the quarter, reflecting 18% year-on-year growth and 5% quarter-on-quarter improvement.

The same call note pointed to capacity expansion progress, with annual capacity increasing from 8.3 lakh TEUs to 10 lakh TEUs during the year. The company also disclosed an ambition to reach 10 lakh TEUs in the next three years and cited an estimated market share range of 12% to 12.5% in the CFS markets where it operates.

Q3 FY26 call highlights: profitability and unit economics

In the Q3 FY26 call-related disclosures, Allcargo Terminals reported revenue of ₹218 crore (up 17% year-on-year) and EBITDA excluding other income of ₹43 crore (up 31%). Net profit for the quarter was reported at ₹15 crore, reflecting 28% growth year-on-year. The company also disclosed EBITDA per TEU of ₹2,412 for that quarter.

For the nine months ended December 31, 2025, the company reported total volume of 4,96,296 TEUs, revenue of ₹613 crore, EBITDA of ₹118 crore, and net profit of ₹35 crore. It also stated that it achieved debt-free status during Q4 FY26 after repaying outstanding borrowings.

Earlier FY26 checkpoints: Q2 update and Q1 commentary

Allcargo Terminals also provided earlier FY26 operating and financial updates that investors may use to track momentum through the year. For Q2 FY26 (ended September 2025), the company reported PAT of ₹11 crore (flat year-on-year), revenue from operations of ₹207 crore (up from ₹195 crore), and EBITDA of ₹40 crore (up from ₹32 crore).

Separately, the company cited a 16% year-on-year increase in CFS volumes for November 2025 to 553,000 TEUs. Around that update, the stock price rose as much as 4.13% to an intraday high of ₹27.69.

In Q1 FY26 commentary, management disclosed volume handled of 1,51,100 TEUs and revenue of ₹187 crore versus ₹190 crore in Q1 FY25. EBITDA excluding other income stood at ₹35 crore (versus ₹30 crore in Q1 FY25), while net profit was ₹9 crore (versus ₹10 crore in Q1 FY25). Management also discussed maintaining EBITDA per TEU, citing a benchmark range of ₹2,000 to ₹2,200 and a reported level of ₹2,292 for Q1 FY26.

Capital plans: proposal to raise funds via warrants

In management commentary, Allcargo Terminals also referred to a proposal to raise ₹38 crore through fully convertible warrants to fund growth plans. This sits alongside the company’s stated focus on capacity additions in key markets and its broader three-year strategic plan.

Peer read-through: Allcargo Logistics Q4 FY26 numbers and stock move

In a separate update related to Allcargo Logistics, the stock fell 1.02% to ₹8.97 after the company reported a 20% decline in consolidated net profit to ₹20 crore in Q4 FY26, compared with ₹25 crore in Q4 FY25. Total income declined 1.31% year-on-year to ₹525 crore for the quarter ended March 31, 2026.

Allcargo Logistics reported profit before tax of ₹16 crore in Q4 FY26, compared to a loss of ₹1 crore in Q4 FY25. Total expenses declined 2.79% year-on-year to ₹521 crore, with operating expenses at ₹360 crore, employee expenses at ₹53 crore, and finance costs at ₹15 crore.

Why the FY26 performance matters for investors

The FY26 audited numbers show that Allcargo Terminals delivered higher consolidated profitability alongside volume growth, while also ending the year with a profitable March quarter compared with a loss in the year-ago quarter. The reported expansion of annual capacity to 10 lakh TEUs provides context on how the company is positioning its infrastructure for higher throughput.

At the same time, the standalone decline in FY26 net profit, despite higher standalone operating income, is a reminder for investors to track entity-level performance and understand what is driving differences between standalone and consolidated results. The company’s disclosures on debt-free status in Q4 FY26 and the proposal to raise ₹38 crore through warrants are also relevant markers for monitoring how growth plans are funded.

Conclusion

Allcargo Terminals closed FY26 with consolidated PAT of ₹44 crore and higher EBITDA, supported by a rise in annual volumes to 7.23 lakh TEUs. After reporting a profit in Q4 FY26 against a loss in Q4 FY25, the next set of updates to watch will be how capacity additions and funding plans translate into throughput and profitability in subsequent quarters.