Allcargo Gati Limited — Investor Meet, 22-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Allcargo Gati reported FY25 revenue of INR1,510 Cr, up 2% YoY, with EBITDA rising 34% and margins improving 110 bps, reflecting cost efficiencies and pricing actions. Q4 revenue grew 9% YoY, though tonnage slightly declined to ~3 lakh MT; EBITDA was INR12 Cr vs INR15 Cr YoY. Air Express declined due to losing a large client but remains a growth focus with plans to outpace 3-4% market growth. Surface business showed steady gains driven by price hikes and retail/MSME focus. Management highlighted service improvements via tech upgrades (HubEye, GateEye), partner incentives, and yield optimization targeting high-value segments. Corporate restructuring approvals are done; NCLT hearing pending. Net cash at INR109 Cr. Tone is confident on volume growth, margin expansion toward 6.5-7% EBITDA margin, and ongoing operational improvements.