Blue Water Logistics Q1 FY27: Scale-up Quarter, Working Capital Test

Revenue from operations was 211.223 crore, EBITDA was 23.588 crore, and PAT was 13.973 crore (all as per the Q1 FY27 consolidated income statement table).

Q1 FY27 revenue mix was Ocean Freight 70.4%, Air Freight 21.0%, NVOCC 4.6%, Surface and Railway Freight 3.5%, and Custom House Clearance 0.5% (segment revenue table in the presentation and reiterated in the call).

Management cited ocean freight volume of 5,757 TEUs, NVOCC volume of 1,313 TEUs, and air freight volume of 930 tons for Q1 FY27 (opening remarks in the call).

CFO indicated average debtor days are around 75 to 90 days, and the company provides up to about 90 days credit in general (Q&A).

CFO said the company needs more funds to grow, is looking to raise about 100 crore of borrowings for the next financial year, and indicated FY27 debt could be around 200 crore (Q&A).

The presentation highlights 1,708+ ISO tank containers and 100+ container trailers. Management stated ISO tank utilization is about 83% to 84% and vehicle utilization is above 90% (Q&A).