Allcargo Terminals FY26: ₹821 cr revenue, 7% volumes

What the latest update signals

Allcargo Terminals Limited (ATL) has reported steady volume growth across recent months and quarters, alongside higher profitability in FY26. The company’s April 2026 operational update showed an increase in total container volumes compared with both the year-ago period and the previous month. That monthly momentum sits alongside a larger FY26 picture in which ATL reported higher consolidated revenue, higher EBITDA, and record annual cargo volumes. Management attributed the year’s performance to India’s growing EXIM trade and capacity expansion at key ports. The company also highlighted ongoing work to expand its network, including expansion at JNPT facilities and the start of construction for the Farukhnagar PFT-ICD project.

April 2026 volumes: total, CFS and ICD split

ATL reported total volumes of 59.2 thousand TEUs in April 2026. This represented a 7% year-on-year (YoY) increase and a 1% month-on-month (MoM) increase. Within the total, Container Freight Station (CFS) volumes were 55.0 thousand TEUs, while Inland Container Depot (ICD) volumes were 4.2 thousand TEUs. The disclosure provides investors a clear split between the company’s CFS and ICD operations for the month. It also indicates that the company maintained incremental growth even after reporting higher March volumes.

March 2026 volumes: growth continues month-on-month

For March 2026, ATL reported total container volumes of 58.6 thousand TEUs. The company said this was a 4% YoY increase from March 2025 and a 2% MoM increase. Taken together, March and April show sequential growth over two months. The April figure is slightly higher than March, consistent with the 1% MoM increase reported for April. These monthly operational disclosures are useful because they show near-term trendlines ahead of quarterly results.

Q3 FY26: highest-ever quarterly volumes and profit growth

ATL reported its highest-ever quarterly volumes in Q3 FY26, with volumes rising to 1.76 lakh TEUs. The company also described strong growth in revenue and profitability during the quarter, linking performance to capacity expansion and improved operational efficiency across its CFS and ICD network. Separately, the company reported that net profit increased 28% YoY to ₹15 crore in Q3 FY26. The company’s disclosures also referenced total throughput of about 14.23 lakh TEUs, up roughly 11% YoY, though the specific period for this throughput figure was not detailed in the provided text. Still, the quarterly volume milestone and the profit figure provide concrete markers of operational leverage during FY26.

Q2 FY26: volume up 12% QoQ, revenue rises

In Q2 FY26, ATL said total volumes handled reached 168,755 TEUs, representing a 12% quarter-on-quarter (QoQ) increase and a 7% YoY increase. The company attributed this growth to strategic capacity expansions and a favourable market environment. On financial performance for the quarter ended September 30, 2025 (Q2FY26), ATL reported revenue of ₹207 crore, up 6% YoY from ₹195 crore in Q2FY25 and up 11% from ₹187 crore in the previous quarter. The company also stated it posted 17% EBITDA growth and a 12% volume rise in Q2FY26, driven by expansion and operational execution. Managing Director Suresh Kumar R said the quarter’s growth was powered by volume gains across pan-India facilities and early benefits of capacity expansion.

FY26: revenue ₹821 crore, EBITDA ₹162 crore, volumes 7.23 lakh TEUs

For FY26, ATL reported annual consolidated revenue of ₹821 crore, up 8% YoY from ₹758 crore in the previous fiscal. EBITDA increased 26% to ₹162 crore from ₹128 crore. Annual cargo volumes grew 7% YoY to 7.23 lakh TEUs, which the company described as record annual volumes. Managing Director Suresh Kumar R said FY26 saw strong progress driven by India’s growing EXIM trade and capacity expansion at key ports, helping the company achieve 46% growth in PAT and record annual volumes. The company said it expanded capacity at JNPT facilities and began construction of the Farukhnagar PFT-ICD project during the year.

Capacity expansion: JNPT and Farukhnagar PFT-ICD

ATL’s FY26 commentary places meaningful emphasis on physical capacity additions. The company said it expanded capacity at JNPT facilities during the year. It also said construction began on the Farukhnagar PFT-ICD project. In the container logistics business, such expansions typically aim to improve throughput capability and support incremental EXIM-linked demand, particularly when port-led infrastructure upgrades are underway. In ATL’s case, management explicitly connected these initiatives to both volume growth and profitability outcomes in FY26.

Operating variability: December 2025 and June 2025 CFS data points

Operational performance has not been uniform across all months, and ATL’s own disclosures show both sharp growth periods and declines. In December 2025, the company reported CFS volumes of 61.2 thousand TEUs, an 18% YoY increase and an 11% MoM increase. Earlier, for June 2025, ATL reported CFS volumes of 48,700 TEUs, which was a 4.5% decrease from May’s 51,000 TEUs. These month-level updates help contextualise why quarterly averages can change, and they underline the importance of tracking sequential data rather than relying on a single period.

Industry context: India container volumes and trade trends

ATL’s performance sits within broader trade and containerisation trends cited in the provided material. India’s merchandise exports in FY25 remained flat at $137 billion, while imports increased 6.2% year-on-year. Overall container volumes in India reportedly grew close to 10%, rising from 12.28 million TEUs to 13.5 million TEUs in FY25. For terminal and logistics operators with EXIM-linked exposure, these macro indicators help explain why capacity additions and throughput growth can occur simultaneously, even if individual months show volatility.

Key numbers at a glance

Market impact: what the numbers change for investors

ATL’s FY26 disclosures show a combination of volume growth and margin expansion, with EBITDA rising faster than revenue. Revenue increased 8% YoY to ₹821 crore, while EBITDA increased 26% YoY to ₹162 crore, indicating improved operating leverage during the year. The monthly updates for March and April 2026 show continued sequential growth, which can influence near-term sentiment around throughput stability. Q3 FY26’s reported quarterly volume high of 1.76 lakh TEUs, alongside net profit of ₹15 crore, adds another data point suggesting that higher volumes and efficiency initiatives have translated into profitability. At the same time, the June 2025 decline in CFS volumes shows that month-to-month volatility remains part of the operating profile.

Analysis: why FY26 matters for the ATL story

Two themes stand out in ATL’s FY26 narrative based on the provided information. First is the explicit linkage between capacity expansion and operating outcomes, with JNPT expansion and the Farukhnagar PFT-ICD build cited as key steps during the year. Second is the role of EXIM demand, with management pointing to India’s growing EXIM trade as a driver of record annual volumes and higher PAT. The company’s quarterly and monthly disclosures also help track whether capacity additions are being utilised, with Q2 and Q3 volumes indicating higher run-rates compared with earlier updates. Finally, the cited industry backdrop of India’s container volumes rising from 12.28 million TEUs to 13.5 million TEUs in FY25 provides context for why logistics throughput growth remains a central operating metric.

Conclusion

Allcargo Terminals’ latest updates show sequential volume gains into April 2026 and a stronger FY26 financial outcome, with consolidated revenue of ₹821 crore, EBITDA of ₹162 crore, and annual cargo volumes of 7.23 lakh TEUs. Management has linked performance to EXIM-led demand and capacity expansion, including work at JNPT and the Farukhnagar PFT-ICD project. Near-term tracking will likely remain focused on monthly throughput disclosures and subsequent quarterly reporting, particularly as the company executes on its network expansion plans.