Allcargo Terminals FY26 profit up 46%, Q4 turns positive

What the FY26 result tells investors

Allcargo Terminals Limited (ATL) has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The headline number was a sharp improvement in full-year profitability on a consolidated basis, even as quarter-to-quarter profit comparisons vary across disclosures in the public domain. For Q4 FY26, the company reported a consolidated profit after tax (PAT) of ₹8.77 crore, versus a net loss of ₹2.4 crore in the same period last year, supported by revenue growth and margin expansion. For FY26, consolidated PAT was reported at ₹44.21 crore, up 46% year-on-year from ₹30 crore in FY25, alongside a rise in EBITDA to ₹162 crore.

The results matter because ATL operates in container freight station (CFS) and inland container depot (ICD) logistics, where volumes, capacity utilisation, and operating leverage can move earnings materially. Management commentary also linked performance to India’s EXIM momentum and capacity additions at key ports.

Audited numbers disclosed by the company

In its audited results communication, ATL reported both standalone and consolidated numbers for the quarter and the full year. Standalone Q4 FY26 total income from operations was ₹146.56 crore, with standalone PAT of ₹14.76 crore. On a consolidated basis, Q4 FY26 income from operations was ₹208.04 crore, and consolidated PAT was ₹8.77 crore.

For the full fiscal year 2025-26, standalone total income was ₹564.20 crore with standalone PAT of ₹39.70 crore. Consolidated total income for FY26 was ₹820.80 crore and consolidated PAT was ₹44.21 crore.

Q4 FY26: revenue up, profit turns positive

ATL’s Q4 FY26 consolidated revenue from operations increased 12% year-on-year to ₹208 crore, compared with ₹186 crore in the year-ago quarter. EBITDA for the quarter climbed 31% year-on-year to ₹44 crore from ₹33.5 crore. The EBITDA margin (excluding other income) expanded to 21.2% in Q4 FY26 versus 18% in Q4 FY25, as described in the company’s commentary.

Volumes also improved year-on-year. Total Q4 volume was reported at 1,79,631 TUs, up 7% over Q4 FY25, but down 7% from Q3 FY26. The company also highlighted that EBITDA per TU remained above ₹2,000 during the quarter.

FY26: PAT up 46% and EBITDA up 26%

For FY26, ATL reported consolidated revenue of ₹821 crore, up 8% year-on-year from ₹758 crore in FY25. Consolidated EBITDA rose to ₹162 crore from ₹128 crore, a 26% year-on-year increase. Consolidated PAT for FY26 came in at ₹44 crore, up 46% year-on-year from ₹30 crore.

Annual cargo volumes increased as well. The company reported annual CFS and ICD volumes of 7.23 lakh TEUs in FY26, reflecting 6% to 7% year-on-year growth (both figures were referenced across disclosures).

Profitability drivers highlighted by management

Management linked the FY26 outcome to capacity expansion, operating leverage, and yield management. In remarks attributed to Managing Director Suresh Kumar R, ATL said FY26 progress was driven by India’s growing EXIM trade and capacity expansion at key ports, enabling 46% growth in PAT and record annual volumes.

The management commentary also pointed to disciplined cost management and scale efficiencies as drivers of the quarter’s margin expansion. The company described improved operating leverage as capacity ramped up.

Capacity expansion, projects, and debt-free status

ATL’s stock exchange disclosures around its earnings commentary included operational and strategic updates. The company highlighted capacity expansion from 8.3 lakh TEUs annually to 10 lakh TEUs annually. It also stated it achieved debt-free status while expanding capacity.

On projects, ATL expanded capacity at JNPT facilities and began construction of the Farukhnagar PFT-ICD project during the year. In additional management commentary referenced in the provided text, capital expenditure for Farukhnagar was indicated at about ₹150 crore, and the Farukhnagar ICD was described as expected to become operational by Dec 2026 or Jan 2027.

India trade and ports backdrop

The company’s FY26 narrative was set against a supportive domestic backdrop. India’s GDP growth was described at around 6% to 6.5%, supported by domestic demand and continued government focus on infrastructure, capex, and policy initiatives.

Operationally relevant for ATL, India’s major ports handled a record 915.2 million metric tonnes of cargo in FY26, representing 7% year-on-year growth, which management linked to strong EXIM and trade activity.

Interest and depreciation: a key watchpoint in Q4

One section of the provided material flagged that higher interest costs and depreciation affected reported profitability despite higher revenue and operating margins. It stated interest expenses rose 52.26% year-on-year to ₹16.46 crore in Q4 FY26, while depreciation rose 31.81% to ₹20.72 crore.

The same material also presented a different standalone profit figure for Q4 FY26, stating standalone net profit was ₹7.22 crore after a tax of ₹1.23 crore, while reiterating consolidated net profit of ₹8.77 crore. ATL’s audited standalone PAT for the quarter was separately stated as ₹14.76 crore in the results summary.

Earnings call disclosures and where to find details

ATL also disclosed that the audio recording of its Q4 and FY 2025-26 earnings conference call held on May 22, 2026 is available on the company’s website. The filing was made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Company Secretary Malav Talati.

For investor communication, the disclosure listed contact points including Sanjay Punjabi (Allcargo Terminals Limited) at sanjay.punjabi@allcargologistics.com and Suyash Samant (Stellar IR) at suyash@stellar-ir.com.

Key financial snapshot

Market impact and why the result matters

For investors tracking logistics plays, ATL’s FY26 performance highlights a familiar operating model: volumes and capacity expansion can lift EBITDA, while below-the-line costs can influence reported PAT in specific quarters. The company reported EBITDA margin expansion in Q4 FY26 and an all-year improvement in EBITDA, alongside higher cargo volumes.

The disclosures also underscore the importance of tracking throughput and capacity additions at key ports such as JNPT, because these factors affect operating leverage in CFS and ICD businesses. Separately, the company’s statement on being debt-free and the mention of negative working capital in management commentary are balance-sheet signals that typically influence risk perception, though investors will still watch cost items like depreciation as newer assets ramp up.

Conclusion

Allcargo Terminals closed FY26 with consolidated revenue of ₹820.80 crore and PAT of ₹44.21 crore, supported by a rise in EBITDA to ₹162 crore and higher cargo volumes. In Q4 FY26, consolidated revenue rose to ₹208.04 crore and PAT turned positive at ₹8.77 crore versus a loss in the year-ago quarter. The next set of investor inputs is likely to come from follow-up discussions around project execution, including the Farukhnagar PFT-ICD timeline and capacity ramp-up at expanded facilities.