Allcargo Terminals Q2 profit rises 85% to Rs 20.89 crore

Allcargo Terminals Limited reported consolidated profit after tax of Rs 20.89 crore for the quarter ended September 30, 2026, up 85% from Rs 11.30 crore a year earlier, while income from operations increased 21% to Rs 251.63 crore. Profit also rose from Rs 6.37 crore in the preceding June quarter.

How did Allcargo Terminals perform in the September 2026 quarter?

Allcargo Terminals delivered higher revenue and profit in the quarter ended September 30, 2026, with total income rising to Rs 254.55 crore from Rs 209.63 crore a year earlier. Income from operations, which excludes other income, rose by Rs 44.47 crore from Rs 207.16 crore in the September 2025 quarter and was Rs 37.22 crore above the Rs 214.41 crore reported in the June 2026 quarter.

Profit after tax reached Rs 20.89 crore, compared with Rs 11.30 crore in the year-earlier quarter and Rs 6.37 crore in the immediately preceding quarter. Basic earnings per share, not annualised for the quarter, were Rs 0.80, against Rs 0.42 in September 2025 and Rs 0.24 in June 2026; diluted earnings per share were Rs 0.74, compared with Rs 0.42 and Rs 0.23 respectively.

What drove Allcargo Terminals’ profit increase?

Allcargo Terminals’ profit before the share of joint ventures and associates, exceptional items and tax doubled to Rs 25 crore from Rs 12.46 crore a year earlier, as total income rose faster than total expenses. The corresponding measure was Rs 12.84 crore in June 2026, making the September-quarter increase Rs 12.16 crore on a sequential basis.

The share of profit from joint ventures and associates was Rs 2.27 crore in the September quarter, compared with Rs 2 crore a year earlier and Rs 73 lakh in June 2026. That lifted profit before tax to Rs 27.27 crore, up from Rs 14.46 crore year on year. Allcargo Terminals reported no exceptional item in any of the three quarterly columns presented for September 2026, June 2026 and September 2025.

Other income was Rs 2.92 crore, up from Rs 2.47 crore a year earlier and Rs 2.08 crore sequentially. Its components included a Rs 1.06 crore profit on sale of investments, Rs 77 lakh of interest income, a Rs 33 lakh mark-to-market gain on investments and a Rs 33 lakh fair-value gain on derecognition of a lease.

How did costs and tax affect Allcargo Terminals’ quarterly result?

Allcargo Terminals’ total expenses rose to Rs 229.55 crore from Rs 197.17 crore a year earlier, an increase of Rs 32.38 crore that was smaller than the Rs 44.92 crore increase in total income. Operating expenses rose to Rs 147.89 crore from Rs 131.14 crore, while employee benefit expenses increased to Rs 22.26 crore from Rs 18.59 crore.

Depreciation and amortisation increased to Rs 20.88 crore from Rs 15.82 crore, finance cost rose to Rs 15.89 crore from Rs 14.52 crore, and other expenses increased to Rs 22.63 crore from Rs 17.10 crore. Compared with June 2026, total expenses increased from Rs 203.65 crore, with operating expenses up from Rs 127.73 crore and other expenses up from Rs 18.46 crore.

Total tax expense was Rs 6.38 crore in the September quarter, compared with Rs 3.16 crore a year earlier and Rs 7.20 crore in June 2026. Current tax was Rs 8.72 crore, partly offset by a deferred-tax credit of Rs 2.34 crore; the June-quarter tax figure also included Rs 1.95 crore for an earlier period, which was absent in the September quarter.

What were Allcargo Terminals’ results for the first six months?

Allcargo Terminals reported first-half income from operations of Rs 466.04 crore for the six months ended September 30, 2026, up from Rs 394.41 crore in the corresponding 2025 period. Total income rose to Rs 471.04 crore from Rs 403.59 crore, while profit after tax increased to Rs 27.26 crore from Rs 20.41 crore.

The first-half profit before tax was Rs 40.84 crore, compared with Rs 27.98 crore a year earlier, after a Rs 3 crore share of profit from joint ventures and associates versus Rs 3.72 crore in the prior period. Total expenses were Rs 433.20 crore, up from Rs 379.11 crore, including Rs 41.66 crore of depreciation and amortisation against Rs 31.03 crore in the comparable period.

Net cash generated from operating activities was Rs 111.51 crore in the six months, compared with Rs 59.48 crore a year earlier. Allcargo Terminals used Rs 61.44 crore in investing activities, versus an inflow of Rs 18.26 crore in the prior period, including Rs 83 crore spent on current investments and Rs 7.93 crore on property, plant and equipment, capital work in progress and capital advances.

What changed in Allcargo Terminals’ balance sheet and group structure?

Allcargo Terminals’ consolidated total assets were Rs 1,303.46 crore at September 30, 2026, compared with Rs 1,248.14 crore at March 31, 2026. Current investments rose to Rs 111.84 crore from Rs 43.58 crore, trade receivables increased to Rs 77.24 crore from Rs 50.64 crore, and cash and cash equivalents grew to Rs 17.21 crore from Rs 9.64 crore.

Total equity increased to Rs 384.47 crore from Rs 352.53 crore, while total liabilities rose to Rs 918.99 crore from Rs 895.61 crore. Non-current lease liabilities declined to Rs 707.25 crore from Rs 727.41 crore, whereas current borrowings were Rs 5 crore at September 30 after being nil at March 31.

During the quarter, Allcargo Terminals acquired two equity shares representing 25% of Allcargo Group Services Private Limited for Rs 3 lakh, resulting in its classification as an associate under Indian Accounting Standard 28. Allcargo Terminals also subscribed to a rights issue of 60 shares for Rs 1.06 crore, with those shares allotted after September 30, 2026.

Conclusion

Allcargo Terminals’ September-quarter result combined a 21% increase in income from operations with an 85% increase in profit after tax. The expansion in profit before tax to Rs 27.27 crore reflected total income of Rs 254.55 crore rising more than total expenses, while the contribution from joint ventures and associates increased to Rs 2.27 crore from Rs 2 crore a year earlier.

The next disclosed matter to watch is the unresolved income-tax appeal relating to a Rs 49.13 crore balance demand on Allcargo Terminals, following a Rs 49.35 crore assessment order for the period from April 1, 2018 to April 5, 2025. Penalty proceedings under Section 158BFA(2) are also pending adjudication, while the company has said the unpaid Rs 15 per share on its partly paid rights shares will be receivable through future calls.