Allcargo Q1FY26: EBITDA falls, air cargo volumes dip from last quarter

Allcargo Logistics has reported an EBITDA of ₹103 crore for the quarter ended 30 June 2025, marking a 19% drop from the previous quarter. Profit after tax was significantly impacted by a notional foreign exchange loss of ₹82.78 crore.

Air cargo volumes in Q1FY26 stood at 8.4 million kilos, showing a 5% increase compared to the same period last year but a 14% decline from Q4FY25. The company said international trade remained subdued during the quarter due to geopolitical uncertainties, though it expects a rebound from July 2025 driven by the upcoming festive season.

Less-than-Container Load (LCL) volumes for the quarter were 2.14 million CBM, up 3% from the previous quarter but down 5% year-on-year. Full-Container Load (FCL) volumes reached 168,000 TEUs, increasing 6% over the last quarter and 8% compared to Q1FY25.

The contract logistics business recorded robust revenue growth of 49% year-on-year for the quarter, with EBITDA rising 29%. The express business, operated through GESCPL, posted ₹357 crore in revenue, down 7% from last quarter, while EBITDA rose 18% to ₹14 crore.

Allcargo Logistics, part of the Allcargo Group, is a global market leader in LCL consolidation operating through the ECU Worldwide network. It also has a strong presence in express logistics and contract logistics, serving 180 countries through over 300 offices. The company is currently in the process of a composite scheme of arrangement to restructure its international supply chain, express, and contract logistics businesses, expected to be completed within 1–2 months after regulatory and shareholder approvals.