MUMBAI : Allcargo Logistics Limited announced new leadership and its first financial results on 15 November 2025, following the completion of a major corporate restructuring that merged its domestic supply chain operations. The company’s board appointed Ketan Kulkarni as Managing Director and Chief Executive Officer and Deepak Pareek as Chief Financial Officer.
The restructuring, a Composite Scheme of Arrangement approved by the National Company Law Tribunal (NCLT) and effective from 1 November, consolidated the company’s domestic express distribution and contract logistics businesses into Allcargo Logistics Limited. This followed the demerger of its international supply chain business into a separate entity.
Financial Performance Shows Growth
In its first earnings report since the reorganisation, the company posted an 11 per cent growth in revenue for the first half of the 2026 financial year, exceeding Rs 1,000 crore. For the quarter ended 30 September, revenue rose 9 per cent sequentially, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) increasing 23 per cent and profit before tax (PBT) growing 88 per cent from the previous quarter.
The express distribution business registered a 6 per cent year-on-year revenue growth, while its EBITDA saw a significant 32 per cent increase, which the company attributed to a focus on profitable routes and network optimisation. The contract logistics segment delivered even stronger growth, with revenue up 25 per cent and EBITDA rising 22 per cent, driven by new contracts in the e-commerce and chemicals sectors.
Leadership Outlines Unified Strategy
Kulkarni, the newly appointed CEO, linked the financial improvement to operational enhancements. “We have demonstrated healthy numbers on the back of growth in the express logistics and contract logistics businesses,” said Ketan Kulkarni, Managing Director and Chief Executive Officer, Allcargo Logistics Limited.
He added that the revenue increase stemmed from “enhanced service quality, new customer addition for both express logistics and contract logistics segment, along with our continued enhancement in technology and digitalisation that are further strengthening operational efficiency and service reliability.”
The company expects the strong performance from its express business in the second quarter to be sustained through the remainder of the financial year, with further growth anticipated in contract logistics as new customer mandates are executed.
The record date for the corporate arrangement was set for 12 November, determining shareholder eligibility for securities in the demerged and merged entities.
