East West Freight Carriers operating cash flow reaches Rs 5.61 crore

East West Freight Carriers Limited generated Rs 5.61 crore of operating cash in the half year ended September 30, 2026, up from Rs 97.22 lakh a year earlier, as operating profit before working-capital changes rose to Rs 6.65 crore and trade receivables released Rs 1.62 crore of cash.

Why did East West Freight Carriers’ operating cash flow rise?

East West Freight Carriers’ operating cash flow rose because both its pre-tax result and working-capital outcome improved in the half year ended September 30, 2026. Operating profit before working-capital changes was Rs 6.65 crore, compared with Rs 2.52 crore in the corresponding 2025 half year. The group reported profit before tax of Rs 1.21 crore, compared with a pre-tax loss of Rs 2.53 crore a year earlier.

The working-capital contribution changed materially from the prior period. Trade receivables generated Rs 1.62 crore of cash in the 2026 half year, while they absorbed Rs 1.91 crore in the 2025 period. Cash generated from operations consequently reached Rs 6.81 crore, compared with an outflow of Rs 1.40 crore. After the reported direct-tax outflow of Rs 1.20 crore, operating cash flow was Rs 5.61 crore, against Rs 97.22 lakh in the earlier half year.

How much did East West Freight Carriers spend on assets?

East West Freight Carriers spent Rs 2.16 crore on purchases of fixed assets during the half year ended September 30, 2026, compared with Rs 30.53 lakh in the corresponding period of 2025. This was the largest stated investing cash outflow and changed net cash from investing activities to an outflow of Rs 2.06 crore from an inflow of Rs 1.24 crore a year earlier.

The balance sheet recorded property, plant and equipment of Rs 30.95 crore at September 30, 2026, up from Rs 29.96 crore at March 31, 2026. Right-of-use assets increased to Rs 63.95 lakh from Rs 33.87 lakh, while capital work-in-progress was unchanged at Rs 1.65 crore. Total non-current assets rose to Rs 42.99 crore from Rs 41.69 crore over the six-month interval.

Investing cash flows also included Rs 7.47 lakh of interest received, Rs 7.56 lakh from fixed-deposit movements and a net Rs 5 lakh in current loans given or repaid. East West Freight Carriers reported no proceeds from fixed-asset sales in the 2026 half year, compared with Rs 10.68 lakh of proceeds in the previous-year period. These items left fixed-asset purchases as the principal disclosed driver of the investing outflow.

How did East West Freight Carriers’ debt mix change?

East West Freight Carriers increased non-current borrowings by Rs 3.34 crore to Rs 32.12 crore at September 30, 2026, from Rs 28.78 crore at March 31, 2026. Over the same period, current borrowings fell by Rs 1.61 crore to Rs 40.37 crore from Rs 41.98 crore. The reported balance-sheet movements placed more of the borrowing balance in non-current liabilities.

The cash-flow statement shows Rs 3.34 crore of proceeds from long-term borrowings in the 2026 half year and a Rs 1.61 crore reduction in short-term borrowings. Interest paid was Rs 4.66 crore, higher than Rs 4.38 crore in the 2025 half year. Net cash used in financing activities was Rs 2.92 crore, compared with Rs 1.99 crore used a year earlier.

Lease obligations also changed alongside borrowings. Non-current lease liability rose to Rs 49.97 lakh at September 30, 2026, from Rs 16.50 lakh at March 31, while current lease liability declined to Rs 16.89 lakh from Rs 19.43 lakh. Total non-current liabilities, including borrowings, lease obligations, provisions and deferred tax, increased to Rs 34.75 crore from Rs 31.06 crore.

What do East West Freight Carriers’ earnings and working capital show?

East West Freight Carriers reported consolidated revenue from operations of Rs 99.22 crore for the half year ended September 30, 2026, down from Rs 111.73 crore in the corresponding period of 2025. Despite lower revenue, the group moved to a profit for the period of Rs 62.57 lakh from a loss of Rs 2.02 crore. Finance cost increased to Rs 4.66 crore from Rs 4.38 crore, while depreciation and amortisation was Rs 85.82 lakh compared with Rs 84.60 lakh.

Receivables fell to Rs 79.65 crore at September 30, 2026, from Rs 81.25 crore at March 31, consistent with the Rs 1.62 crore cash release shown in the cash-flow statement. Trade payables declined to Rs 8.24 crore from Rs 10.70 crore, producing a Rs 2.47 crore cash outflow from payables during the half year. Other current liabilities increased to Rs 2.19 crore from Rs 1.39 crore, while the cash-flow statement recorded a Rs 76.93 lakh increase in other current liabilities.

Cash and cash equivalents closed at Rs 3.37 crore, compared with Rs 2.74 crore at the start of the financial year, following a net increase of Rs 63.22 lakh. Cash on hand was Rs 2.34 crore and scheduled-bank current-account balances were Rs 1.03 crore at September 30, 2026. Other bank balances were Rs 2.07 crore, taking total cash and bank balances to Rs 5.44 crore, compared with Rs 5.46 crore in the September 2025 comparison period.

Conclusion

East West Freight Carriers’ first-half cash generation improved even as revenue declined: operating cash flow reached Rs 5.61 crore, fixed-asset purchases reached Rs 2.16 crore, and profit before tax changed from a Rs 2.53 crore loss to Rs 1.21 crore of profit. The balance sheet also shows a Rs 3.34 crore increase in non-current borrowings alongside a Rs 1.61 crore reduction in current borrowings.

The filing discloses no capital-expenditure target, borrowing target or future cash-flow guidance. Future results will show whether the September 2026 movements in Rs 79.65 crore of receivables, Rs 8.24 crore of trade payables, Rs 4.66 crore of interest paid and the revised borrowing mix continue or reverse.