Q1 2026 Western Carriers (India) Ltd Earnings Call Transcript
Key Points
- Western Carriers (India) Ltd (NSE:WCIL) reported a positive growth in exim TEU movement despite geopolitical challenges, with numbers increasing from 32,888 to 33,286 year-on-year.
- The company inaugurated a new 31-acre ICD MMCT at Devaliya, enhancing its strategic connectivity to major West Coast ports, which is expected to boost business volumes.
- The launch of fixed scheduled rail services from MMCT Devaliya to key destinations across India strengthens the company's multimodal capabilities and improves transit times.
- Western Carriers (India) Ltd (NSE:WCIL) has secured a three-year work order valued at over INR1,100 crores for the transportation of steel coils, expanding its specialized cargo handling capabilities.
- The company is seeing robust growth in domestic demand, particularly from Eastern India, and is optimistic about further growth in both exim and domestic sectors.
- EBITDA margins fell by about 340 basis points year-on-year due to geopolitical turbulence affecting the exim business.
- The company faced challenges from rising competition in B2B express and surface transport sectors, impacting pricing discipline.
- Geopolitical conflicts, such as the Iran-Israel crisis, disrupted supply chains and affected the company's exim volumes and revenue.
- There was a slight decrease in lead by around 4% and less demand in North India during Q1, impacting overall performance.
- The company consciously avoided low-margin domestic traffic, which may limit short-term revenue growth despite protecting margins.
Ladies and gentlemen, good day and welcome to Western Carriers (India) Limited Q1 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Nidhi Vijaywargia from MUFG Intime India Private Limited. Thank you, and over to you, Ms. Nidhi.
Thank you, Ranju. Good morning, ladies and gentlemen. I welcome you all to the earnings conference call of Western Carriers (India) Limited to discuss the Q1 FY26 business performance. Today on the call, we have from the management Mr. Kanishka Sethia, CEO, CFO, and Whole-Time Director.
Before we proceed with this call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For more details, kindly refer to the investor presentation and other filings that can be found on the company's website.
Without further ado, I would like to hand over the call
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