Allcargo Logistics Ltd (NSE: ALLCARGO, BSE: 532749) is an India-based logistics provider specializing in surface and air express distribution, consultative logistics, and end-to-end supply chain solutions. The company operates a fleet of over 9,000 trucks and provides multi-modal delivery services reaching 99% of government-approved pin codes across India. Its infrastructure includes over 12 million square feet of distribution and warehousing space and more than 80 air logistics centers
Latest Quarterly Results
For the third quarter of the financial year 2026 (Q3FY26), Allcargo Logistics reported a consolidated revenue from operations of INR 516 crore. This figure represents a 0.6% decrease compared to the INR 519 crore reported in the same quarter of the previous year. The company reported a Profit After Tax (PAT) of INR 0 crore for the quarter, an improvement from the loss of INR 8 crore recorded in Q3FY25.
Full-Year Results Context
On a year-to-date basis for the nine months ended December 31, 2025 (9MFY26), consolidated revenue reached INR 1,544 crore, indicating a 7% increase over the INR 1,448 crore achieved in 9MFY25. Consolidated profit for the 9M period was INR 3 crore, a contraction from the INR 14 crore reported in the prior year’s corresponding period. EBITDA for 9MFY26 stood at INR 174 crore, a growth trend of 9% over the INR 159 crore reported in 9MFY25.
Business & Operations Update
The company’s express logistics business reported a realization per ton of INR 11,610 for Q3FY26. Operational developments include the strengthening of digital capabilities via cloud platforms, data analytics, and an integrated control tower. The company has deployed over 400 alternative fuel vehicles, including 125 electric vehicles, as part of its goal to reach carbon neutrality by 2040. Management noted a steady improvement in on-ground activity from December 2025 following a post-festive blip.
M&A or Strategic Moves
The company is implementing the merger of its Express and Consultative Logistics divisions. This restructuring is intended to provide integrated end-to-end fulfillment solutions and expand addressable customer spend through cross-selling. The company identified the top 200–250 Key Account (KEA) customers as the primary driver for these cross-selling opportunities.
Equity Analyst Commentary
Institutional coverage of Allcargo Logistics emphasizes the company’s “Vision 2030” strategy. Analysts note the focus on asset-light flexible networks and yield management. Reports from market observers highlight the company’s shift away from low-margin contracts to maintain a self-financed transformation.
Guidance & Outlook
Management has issued a long-term outlook titled Vision 2030, targeting a revenue CAGR of 10% to 12% through FY30. Key areas to watch include the growth of the E-commerce sector, which is projected to grow at an 18% CAGR through 2028, and regulatory changes such as the GST and E-way bill improvements.