Western Carriers (India) Ltd
P&L
Quarterly Consolidated
vs Q3 FY26
Western Carriers FY26 PAT at ₹39 Cr, Revenue ₹1,829 Cr
16 May 2026 · 16 May, 10:41 pm
Summary
Western Carriers (India) Limited reported its Q4 FY26 results with a Total Income of ₹499 crores, contributing to a full-year FY26 Total Income of ₹1,844 crores. Revenue from Operations for the quarter showed a 4% sequential growth, reaching ₹496 crores. Despite geopolitical disruptions, the company sustained momentum, supported by stable domestic operations, though Q4 EBITDA and PAT saw quarter-on-quarter declines to ₹21 crores (4.3% margin) and ₹8 crores (1.7% margin) respectively. For the full fiscal year, EBITDA was ₹85 crores with a 4.6% margin, and PAT was ₹39 crores with a 2.1% margin. Management expressed a commitment to operational resilience, measured capacity expansion, and improving realizations as the company moves into FY27.
Key Highlights
- 1
Total Income for Q4 FY26 stood at ₹499 crores, with the full financial year FY26 Total Income reaching ₹1,844 crores.
- 2
Revenue from Operations for Q4 FY26 increased by 4% quarter-on-quarter to ₹496 crores.
- 3
EBITDA for Q4 FY26 was ₹21 crores, representing a 4.3% margin, although this was a 10% decline compared to the previous quarter.
- 4
Full-year FY26 EBITDA stood at ₹85 crores, achieving an EBITDA margin of 4.6%.
- 5
Profit After Tax (PAT) for Q4 FY26 was ₹8 crores, with a PAT margin of 1.7%, reflecting a 24% quarter-on-quarter decrease.
- 6
For the full financial year FY26, PAT reached ₹39 crores, alongside a PAT margin of 2.1%.
- 7
The company strengthened its offerings with the Gati Shakti Multi Modal Cargo Terminal near Morbi, enhancing its multimodal network.
Management Comments
Mr. Rajendra Sethia
Our company continues to consolidate and grow our position as a dependable multimodal logistics partner, backed by integrated capabilities and a strong customer franchise. The fourth quarter was shaped by significant geopolitical disruptions. Despite which, we sustained momentum with steady sequential revenue growth, supported by stable domestic operations and disciplined execution ensuring customer delight. Our multimodal network ensured consistent service reliability, and this together with our Gati Shakti Multi Modal Cargo Terminal near Morbi, we’ve been able to further strengthen our offerings. This has allowed us to continue delivering dependable service to all our clients across India, supporting both our corporate and MSME customers through seamless multimodal connectivity As we move into FY27, our focus remains on operational resilience, measured capacity expansion, and improving realizations. We are well positioned to benefit as trade flows normalise, and remain committed to delivering consistent performance and long-term value.
Informational and educational content only. Not investment advice.