Western Carriers (India) Limited — Investor Meet, 20-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Western Carriers reported a strong Q3 FY26, with revenue at INR 478 Cr (+9% QoQ), EBITDA at INR 24 Cr (+27% QoQ), and PAT at INR 11 Cr (+22% QoQ). Both domestic and EXIM container volumes grew over 14% YoY. Management anticipates sustained growth, supported by India-EU/US trade deals, government logistics policies, and upcoming Dedicated Freight Corridors. The company completed over INR 30 Cr in capex and holds a robust order book. Operating cash flow, affected by working capital for growth, is expected to improve with better realizations. Western Carriers is diversifying its cargo mix, aiming for a 50-50 split between metals and non-metals in 2-3 years. Outlook remains confident on continued growth and margin expansion.