Latest News

• Allcargo Logistics Limited announced the appointment of Mr. Dinesh Lal (DIN: 00037142) as an Additional Non-Executive, Independent Director.
• The appointment was made through a circular resolution on June 27, 2025, for a term of 3 years, starting from June 27, 2025, up to June 26, 2028.
• This appointment is subject to the approval of the company's shareholders.
• Mr. Dinesh Lal is not related to the Promoter or Promoter Group and fulfills the criteria of independence as per relevant regulations.
• He has over four decades of experience in the shipping industry, having held significant positions such as Group Director-India, A P Moller-Maersk; Chairman, Gateway Terminals India Pvt Ltd; and Director, Gujarat Pipavav Port Ltd.
• He has also been instrumental in establishing various ventures and currently serves as a Member of the Board of J. K. Helene Curtis Ltd and Raymonds Limited.

Allcargo Logistics Limited announced on June 24, 2025, the successful completion of the Postal Ballot through the Electronic Voting process.

• The resolution for the re-appointment of Mr. Shashi Kiran Shetty as Chairman and Managing Director of the Company, along with the payment of his remuneration, has been passed by the requisite majority of members.
• The e-voting period commenced on May 22, 2025, and concluded on June 20, 2025, which is considered the date of approval for the resolution.
• As of the cut-off date, May 16, 2025, there were 2,15,643 shareholders.
• The total votes polled were 72,51,08,509, representing 73.7812% of the outstanding shares.
• Out of the votes polled, 70,14,50,924 votes (96.7373%) were cast in favour of the resolution.
• 2,36,57,585 votes (3.2626%) were cast against the resolution.
• The Scrutinizer's report, issued by M/s Dhrumil M Shah & Co. LLP, dated June 23, 2025, confirms the results.

• Allcargo Logistics reported its monthly business update for May 2025, noting that despite geopolitical disruptions, the company saw YoY growth in key segments.
• FCL volume stood at 56,684 TEUs in May 2025, similar to last month, reflecting a 6% YoY increase with growth across all major regions.
• Air volume reached 3,060,000 kilos in May 2025, a 12% increase over last month and 4% YoY, with growth in North America, Latin America, and Europe.
• LCL volume was 728,000 cubic meters in May 2025, a 3% increase from last month but a 4% decline YoY. Demand is expected to be volatile due to trade tensions. Container utilization has declined compared to last year.
• LCL volume saw a month-on-month increase in Latin America, Europe, Asia Pacific, and the Indian Sub-continent, while a decline was seen in the USA, Canada, and the Middle East.

• Allcargo Logistics held an earnings conference call on May 26, 2025, to discuss Q4 and FY25 results.
• Consolidated revenue for Q4 FY25 increased by 18% year-on-year to ₹3,952 crore, with an EBITDA of ₹115 crore.
• Net income improved by approximately ₹9 crore but still reported a marginal loss, primarily due to ₹33 crore of forex loss.
• For the full financial year, consolidated revenues grew by 24%, and EBITDA grew by 12%. Profit after tax for FY25 was ₹49 crore, lower than the previous year.
• International Supply Chain business saw a 1% growth in LCL volumes and a 7% growth in FCL volumes. Air volumes grew by 30% year-on-year.
• The International Supply Chain segment revenue grew by 25%, with a 4% improvement in EBITDA.
• Express business recorded a 2% revenue growth and 34% EBITDA growth in FY25, driven by cost optimization and yield enhancements.
• Contract Logistics business saw a 48% increase in revenue growth, driven by the quick commerce wave, but EBITDA only grew by 2%, impacted by white spaces.
• The company reduced its gross debt by ₹66 crore in the second half of FY25, with cash and cash equivalents increasing by ₹76 crore, leading to a debt deduction of almost ₹142 crore. Gross debt stands at ₹1,167 crore, and net debt at ₹472 crore.
• The company has seen robust growth in profitability in Latin America.
• Jan Kleine-Lasthues, Global COO of ECU Worldwide, mentioned initiatives to implement business process management, aiming for productivity gains and cost reduction through shared service centers. He also discussed building up product management to diversify the product portfolio, focusing on FCL, Air Freight, and CFS businesses.
• Stephen Dunn, Finance Director of ECU Worldwide, is leading a finance transformation to optimize the finance function, improve working capital management, reduce operating costs through outsourcing and automation, and drive a culture of high performance.
• The company expects the NCLT hearing for the relisting of newly formed entities in the first week of July, with an estimated 2 to 4 months for the process to complete thereafter.
• The gross debt on the international supply chain business is approximately ₹500 crore.
• The company invested in CFS in Korea, aligning with the business where they need space for consolidation and deconsolidation. The International Supply Chain capex should be approximately about less than ₹50 crore to ₹60 crore with all investments put together.
• Ravi Jakhar mentioned that the company is upgrading from their Topaz operating system into iTopaz.

Allcargo Logistics Limited announced its key business parameters for the month ended April 2025. The company reported a mixed operational performance across its International Supply Chain (ISC) segments:

• Overall, the company witnessed a growth of 16% year-on-year (YoY) in FCL (Full Container Load) volumes and 7% YoY in Air cargo volumes, despite tariff disruptions. However, LCL (Less than Container Load) business experienced a marginal 2.5% YoY de-growth.
• LCL operations:
  • LCL volume stood at 707,000 cubic meters for April 2025.
  • This compares to 724,000 cubic meters in March 2025 and 727,000 cubic meters in April 2024.
  • The market demand appears to have stabilized, but near-term volatility persists due to political uncertainties.
  • Freight rates could increase due to early peak season stocking in Europe and ongoing routing around the Cape of Good Hope.
  • Month-on-month, LCL volume declined in Latin America, Europe, and Asia Pacific, while increasing in North America.
  • Year-on-year, volumes declined in Europe, Asia Pacific, and Indian Subcontinent but increased in Latin America.
• Container utilization remained flat compared to last year.
• The 40 feet container ratio showed a 2% improvement compared to last year.
• FCL operations:
  • FCL volume for April 2025 was 56,833 TEUs (Twenty-foot Equivalent Units).
  • This represents a 16% growth compared to April 2024 and a 3% growth compared to March 2025.
  • Year-on-year FCL volume increased in North America, Latin America, Europe, and Asia Pacific.
• Air operations:
  • Air volume for April 2025 was 2,723,000 kilos.
  • This indicates a de-growth of 35% over March 2025 (from 4,171,000 kilos) but a growth of 7% over April 2024 (from 2,545,000 kilos).
  • Year-on-year Air volume grew in North America, Latin America, Asia Pacific, India, and Indian Subcontinent.
  • A decline was observed year-on-year in Europe, Middle East, and China.