Western Carriers FY26 revenue up 6%, profit down 40%

Share price snapshot and key identifiers

Western Carriers (India) Ltd (WCIL) was reported at ₹88.47 as of 13 Aug, 2026 (15:29 IST). The stock was also cited at ₹86.11 at the market close, down ₹0.85 (0.96%). Separate market updates showed ₹89.05 on the BSE at 04:01 PM, and another data point quoted the current share price at ₹87.92.

For reference, the stock trades as WCIL on the NSE, 544258 on the BSE, with ISIN INE0CJF01024. These varying price prints reflect updates at different times and sources, rather than a single consolidated “official” close across all feeds.

FY26 financials: revenue grew, profitability weakened

Western Carriers reported revenue of ₹1,843.79 crore in FY26, compared with ₹1,738.93 crore in FY25, a 6.03% year-on-year increase. But operating profitability fell sharply. Operating profit stood at ₹52.75 crore in FY26, down from ₹87.84 crore in FY25, a 39.95% decline.

The same pattern showed up at the bottom line. Net profit came in at ₹38.82 crore in FY26, versus ₹65.13 crore in FY25, a 40.40% drop year-on-year. The headline takeaway from the full-year numbers is that top-line expansion did not translate into higher earnings, with both operating profit and net profit contracting materially.

Q4 FY26 (Mar 2026) vs Q3 FY26 (Dec 2025): mixed operating momentum

For the quarter ended Mar 2026, Western Carriers reported revenue of ₹498.98 crore, up from ₹480.85 crore in Dec 2025, a 3.77% QoQ rise. However, operating profit declined to ₹11.25 crore from ₹14.65 crore, a 23.21% sequential fall.

Quarterly profit also slipped. The company reported profit of ₹8.26 crore in Mar 2026, compared with ₹10.83 crore in Dec 2025, a 23.73% QoQ decline. The quarter’s EPS was ₹7.16 (as stated for Mar 2026 in the provided data).

Quarterly results table: net sales and expense trend

A separate quarterly results table (figures in ₹ crore) shows net sales rising into Mar 2026, alongside higher expenditure and a lower operating profit versus the previous quarter.

The table’s operating profit for Mar 2026 (₹21.43 crore) differs from the separately stated operating profit figure (₹11.25 crore) for Mar 2026. The figures are presented here exactly as provided, indicating they likely come from different data extracts or definitions.

What the latest quarter says about earnings quality

The Mar 2026 quarter showed sequential revenue improvement but weaker profitability, based on both the QoQ operating profit decline and the profit decline. A separate line in the data also states that Western Carriers’ net profit fell 41.34% year-on-year to ₹8.26 crore for Q4 FY26.

In practical terms, the numbers point to a business that continues to generate higher sales, but where costs, interest, or operating leverage are affecting margins and net earnings in the latest reported period.

Valuation snapshot: TTM P/E versus sector

Western Carriers was cited with a TTM P/E of 20.44, compared with a sector P/E of 10.57. The same snapshot also reiterates that the company posted a net profit of ₹8.26 crore in its last quarter.

Peer references included Sagility (-0.07%), Urban Company (-2.92%), and Swiggy (-1.87%), as listed peers in the provided feed. The peer price moves were presented as point-in-time changes and are included here only as stated.

Company profile: multimodal, rail-focused 4PL logistics

Western Carriers (India) Ltd is described as a Kolkata-based private, multimodal, rail-focused 4PL logistics company. It offers end-to-end supply chain services across rail, road, sea/air transport, warehousing, and value-added solutions. The company is also described as asset-light with customized logistics and a pan-India network of branches and warehouses.

Separately, an address line in the dataset lists a registered office location at # 2/6 Sarat Bose Road, 2nd Floor, Kolkata, West Bengal-700020.

Earnings call: August 17, 2026 (Q1 FY27)

Western Carriers announced an earnings conference call on August 17, 2026, to review Q1 FY27 results. The call is scheduled for 12:30 PM IST, and CEO Kanishka Sethia is expected to lead the discussion on operational and financial performance.

Dial-in numbers provided include +91 22 6280 1550 / +91 22 7115 8378 (Universal), with additional access numbers for Hong Kong, the UK, Singapore, and the USA.

Corporate calendar: recent results meetings

The dataset also lists recent meeting dates and purposes:

These dates provide context on the company’s recent reporting cadence ahead of the upcoming Q1 FY27 discussion.

Summary of the key financial datapoints

The core picture from the provided figures is consistent across timeframes: FY26 revenue grew, but both operating profit and net profit fell meaningfully versus FY25. In the most recent quarter cited (Mar 2026), revenue increased sequentially, while operating profit and profit declined.

Investors tracking WCIL will likely focus on management commentary during the August 17, 2026 call for clarity on operating performance and the drivers behind weaker profitability in recent periods.