Board approves Q2 and H1 results; call on partly paid rights shares to be made at board's discretion
Standalone and consolidated unaudited results for the quarter and half year ended September 30, 2026 approved; auditor's review found no qualifications and nothing indicating material misstatement.
By ScoutQuest · · 4 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 251.63 | 207.16 | +21.5% | 214.41 | +17.4% |
| Total income | 254.55 | 209.63 | +21.4% | 216.49 | +17.6% |
| Profit before tax | 27.27 | 14.46 | +88.6% | 13.57 | +101% |
| Profit after tax | 20.89 | 11.30 | +84.9% | 6.37 | +228% |
| Total comprehensive income | 20.97 | 11.14 | +88.2% | 6.33 | +231% |
| Basic EPS | 0.80 | 0.42 | +90.5% | 0.24 | +233% |
- PAT YoY growth
- +84.9%
- Period
- Quarter ended 30-Sep-26
Also decided at the meeting
- Board approved that the subsequent call on 3,97,98,999 partly paid-up rights equity shares (₹5 of ₹20 paid) will be made at an appropriate time determined by the Board, per Regulation 89 of SEBI ICDR, instead of within 12 months.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Income tax assessment order dated May 06, 2026 demanded tax of Rs 49.35 Crore; Rs 0.22 Crore provided, appeal shared for balance Rs 49.13 Crore; penalty proceedings pending (standalone note).
- GST demand notice of Rs. 25.29 Crore plus equal penalty and interest; Madras High Court granted interim stay; no provision made (standalone note).
- Company acquired 25% of Allcargo Group Services Private Limited for Rs. 0.03 crore, making it an associate, and subscribed to its rights issue for Rs. 1.06 crore.
- Rights issue of 3,97,98,999 partly paid shares at Rs. 20 aggregating Rs. 79.90 Crore; Rs. 5 per share received; prior-period EPS restated for bonus element.
What the board approved
Allcargo Terminals Limited's board met on Wednesday, November 04, 2026, from 12:20 p.m. to 1:50 p.m. (IST). It considered and approved the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026, with the Limited Review Report attached.
Rights issue and the balance payment
- The company had issued 3,97,98,999 partly paid-up equity shares of face value ₹2 each on a rights basis at an issue price of ₹20 per share, including a premium of ₹18 per share, under a Letter of Offer dated November 10, 2025. ₹5 per share was paid at the time of application, aggregating to Rs. 79.90 Crore.
- CRISIL Ratings Limited is the Monitoring Agency for the issue.
- The board had earlier approved calling the balance amount within 12 months. It has now approved that the company shall, at the appropriate time as determined by the board, make the subsequent call on the partly paid equity shares, in accordance with the applicable provisions of SEBI ICDR Regulations. Appropriate disclosures are to be made.
Standalone results, quarter and half year ended September 30, 2026
- Income from operations: Rs 164.07 crore for the quarter, against Rs 140.43 crore in the quarter ended September 30, 2025; Rs 311.00 crore for the six months, against Rs 270.48 crore.
- Total income: Rs 166.50 crore for the quarter; Rs 322.64 crore for the six months.
- Profit before tax: Rs 10.52 crore for the quarter; Rs 28.82 crore for the six months.
- Profit after tax: Rs 7.77 crore for the quarter, against Rs 7.10 crore a year earlier; Rs 21.27 crore for the six months, against Rs 11.87 crore.
- Earnings per share (face value Rs. 2 each, not annualised): basic Rs 0.30 and diluted Rs 0.28 for the quarter; basic Rs 0.81 and diluted Rs 0.76 for the six months.
- Total assets Rs 1,011.55 crore and total equity Rs 382.67 crore as at September 30, 2026.
Auditor's review conclusion
Both the standalone and consolidated review reports state that nothing has come to the auditors' attention that causes them to believe the statements contain any material misstatement. The notes state there are no qualifications in the report issued by the auditors.
Matters set out in the notes
- Income tax: an assessment order dated May 06, 2026 under Section 143(3) read with Section 158BC for the block April 01, 2018 to April 05, 2025 demands tax of Rs 49.35 Crore. A provision of Rs 0.22 Crore was recognised in the quarter ended March 31, 2026 and the company has shared an appeal with the Commissioner of Income Tax (Appeals) for the balance of Rs 49.13 Crore. A notice for penalty proceedings under Section 158BFA(2) is pending adjudication.
- GST: a demand of Rs 25.29 Crore plus an equal amount of penalty was issued; the company shared a writ petition and the Hon'ble Madras High Court granted an interim stay on October 15, 2025. No provision is considered necessary.
- Associate: during the quarter the company acquired 2 equity shares of Allcargo Group Services Private Limited, representing 25% of its equity share capital, for a consideration of Rs. 0.03 crore, and subscribed to a rights issue of 60 equity shares for Rs. 1.06 crore.
- Employee stock options: 44,66,335 Employee Stock Options were granted under the "CEO ESOP 2025" Plan.
Group picture (consolidated)
The consolidated statement covers the holding company, subsidiaries Speedy Multimodes Limited and ATL FTWZ Private Limited, joint ventures Allcargo Logistics Park Private Limited and TransNepal Freight Services Private Limited, and associates Haryana Orbital Rail Corporation Limited and Allcargo Group Services Private Limited.
- One subsidiary's unaudited interim results show total assets of Rs. 376.36 Crore as at September 30, 2026, total revenues of Rs 87.73 Crore and Rs 155.45 Crore, and total net profit after tax of Rs. 11.14 Crore and Rs. 11.37 Crore, for the quarter ended September 30, 2026 and the period ended on that date respectively.
- One joint venture's Group share of net profit was Rs. 1.96 Crore for the quarter and Rs. 2.75 Crore for the period from April 01, 2026 to September 30, 2026.
What a retail reader may track
- The timing of the subsequent call on the partly paid shares, since that is when the remaining amount per share becomes payable.
- The progress of the income tax appeal and the GST matter, both of which are described in the notes with the company's position and, where applicable, the relief obtained.
Also from Allcargo Terminals
October 2026 volumes at 68.2 '000 TEUs, up 4% year-on-year and 10% month-on-month
3 Nov 2026
Allcargo Terminals intimates Q2 & H1FY27 earnings conference call on November 5, 2026 at 11:00 AM IST
30 Oct 2026
Board meeting on November 04, 2026 to approve September quarter and half year results
30 Oct 2026
More numbers
- Partly paid equity shares issued on rights basis3,97,98,999
- Issue price per rights share₹20
- Amount paid at application per share₹5
- Income from operations, standalone, quarter ended Sep 30, 2026164.07 (Rs. in Crore)
- Profit after tax, standalone, quarter ended Sep 30, 20267.77 (Rs. in Crore)
- Income tax demand for the block periodRs 49.35 Crore
- GST demandRs. 25.29 Crore
- Employee stock options granted under CEO ESOP 202544,66,335
- Total income, latest quarter254.55 (Rs. in Crore)
- Total income, year-ago quarter209.63 (Rs. in Crore)
- Total income, previous quarter216.49 (Rs. in Crore)
- Total comprehensive income, latest quarter20.97 (Rs. in Crore)
- Total comprehensive income, year-ago quarter11.14 (Rs. in Crore)
- Total comprehensive income, previous quarter6.33 (Rs. in Crore)
- Profit after tax, latest quarter20.89 (Rs. in Crore)
- Profit after tax, year-ago quarter11.30 (Rs. in Crore)
- Profit after tax, previous quarter6.37 (Rs. in Crore)
- Revenue from operations, latest quarter251.63 (Rs. in Crore)
- Revenue from operations, year-ago quarter207.16 (Rs. in Crore)
- Revenue from operations, previous quarter214.41 (Rs. in Crore)
- Profit before tax, latest quarter27.27 (Rs. in Crore)
- Profit before tax, year-ago quarter14.46 (Rs. in Crore)
- Profit before tax, previous quarter13.57 (Rs. in Crore)
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