What was Western Carriers's revenue in Q3 FY26?

Western Carriers reported revenue of ₹478 Cr in Q3 FY26, a — change year-over-year.

Did Western Carriers management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Western Carriers Q3 FY26 Research Workspace: Revenue ₹478 Cr (—)

Q: What guidance did Western Carriers management give?

EXIM business growth expected to continue: Management expects sustained growth in EXIM volumes as geopolitical conditions normalize and trade deals boost cargo movement.

Revenue ₹478 Cr

EBITDA ₹24 Cr

PAT ₹11 Cr

EBITDA Margin 5%

Duration 44 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Western Carriers delivered a resilient Q3 FY26 with revenue of ₹478 crore, EBITDA of ₹24 crore, and PAT of ₹11 crore, showing strong sequential improvement. Revenue grew ~9% QoQ, EBITDA surged 27% QoQ, and EBITDA margin expanded from 4.3% to 5.0%. The key driver was robust volume growth: domestic containers rose 14.9% YoY to 23,565 TEUs and EXIM containers grew 14.4% YoY to 38,638 TEUs, totaling ~8,000 incremental TEUs. Management highlighted tailwinds from the India-EU FTA, India-US trade deal, and the upcoming western DFC completion. The company has a strong order book and completed ₹30+ crore capex in specialized containers and equipment. A risk remains: gross margins declined YoY from 14% to 12% due to a 2% dip in EXIM realizations, though management expects improvement as geopolitical conditions stabilize.

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Risk Intelligence

Gross margin decline due to EXIM realization dip

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Quarter Snapshot

Domestic Container Volume 23,565 TEUs

+14.86% YoY

Domestic container volumes grew by 3,049 TEUs year-over-year, driven by robust customer demand and specialized container additions.

EXIM Container Volume 38,638 TEUs

+14.36% YoY

EXIM volumes increased by 4,851 TEUs YoY, supported by stabilizing geopolitical conditions and trade deal tailwinds.

Total Container Volume Growth ~8,000 TEUs

+14.12% YoY

Combined domestic and EXIM volumes added ~8,000 TEUs in Q3, reflecting strong operational momentum.

Specialized Container Fleet 1,000+ TEUs

New addition

Company has procured over 1,000 specialized containers to meet client requirements, part of ₹30+ crore capex.

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Guidance and risk preview

Top guidance EXIM business growth expected to continue

Management expects sustained growth in EXIM volumes as geopolitical conditions normalize and trade deals boost cargo movement.

Top risk Gross margin decline due to EXIM realization dip

Gross margins fell from 14% to 12% YoY, attributed to a 2% decline in EXIM realizations from lower demand in North India.