Allcargo Logistics Ltd — Investor Presentation 2026

May 14, 2026

allcargo LOGISTICS

May 14, 2026

BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai – 400001
BSE Scrip Code: 532749

National Stock Exchange of India Limited,
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex,
Bandra (E), Mumbai - 400 051
NSE Symbol: ALLCARGO

Dear Sir/Madam,

Sub: Investor Presentation

Pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "SEBI Listing Regulations"), read with Part A of Schedule III of the SEBI Listing Regulations, we are enclosing herewith the Investors Presentation on financial performance of the Company for the fourth quarter and financial year ended March 31, 2026, to be discussed at Earnings Conference Call which has been scheduled on Friday, May 15, 2026 at 03:30 PM (IST)

The above information will be made available on the website of the Company i.e., www.allcargologistics.com

We request you to take the above on record.

Thanking you,
Yours faithfully,
For Allcargo Logistics Limited

SHEKHA
Digitally signed
by SHEKHAR
RAMJEET SINGH
Date: 2026.05.14
23:10:21 +05'30'

Shekhar R Singh
Company Secretary
Membership No. F12881

Encl: a/a

ALLCARGO LOGISTICS LIMITED
Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. Maharashtra. India.
T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS
e-mail id: investor.relations@allcargologistics.com

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allcargo LOGISTICS

Allcargo Logistics Ltd

Investor Presentation Q4 & FY26

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Safe Harbor

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This presentation and the accompanying slides (the "Presentation"), which have been prepared by Allcargo Logistics Limited (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.

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Company Overview

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MD & CEO's Message

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"The financial year 2026 has been a steady and disciplined year for Allcargo Logistics. This year was marked by the merger of consultative logistics business with the express business. Our strategy has resulted in visible improvements, including better yields and effective cost rationalization at both operating and SG&A levels, reinforcing overall business efficiency.

At Allcargo Logistics we continue to focus on customer centricity, backed by technology-led solutions, route optimization, and nationwide reach. Our growth in the quick commerce and e-commerce and focus on solidifying our presence in key clusters are few of the initiatives that will propel growth.

Going ahead, our emphasis will remain on scaling the business sustainably through stronger customer partnerships and deeper market penetration"

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Our Service Offerings

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Surface Express Distribution

Air Express Distribution

Consultative Logistics

Special Services

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Strong Geographic Governance

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Digital Ecosystem

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Growth Acceleration

Through Tech & Digitization

Strategic Pivots

Mobile first

Cloud Native

Gen AI Enablers

Agile

Modular

Secure

Social

Partners

Implementation Pivots

Result

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Synergies Of Express And Consultative Logistics

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Merger of Express and Consultative Logistics will enable the company to provide integrated end-to-end fulfillment logistics solutions to its clients

1. Potential for cross-selling
2. B2B express enables access to wider customer base
3. Dedicated key account team to serve express and supply chain clients

4. Focus on top 200–250 KEAs to drive cross-selling opportunities

5. Significant expansion of addressable customer spend

6. Addressable spend (top 250 express customers)
7. B2B Express
8. INR 8.0–9.5 Bn
9. Supply Chain
10. 4x to 6x expansion
11. INR 45.0–50.0 Bn

12. Cross-selling in select segments offers access to high customer spend; strong synergy seen in Auto & Engineering and Consumer Fast Retail segments with express services.

13. Integrated contracts enable wallet share expansion for B2B express

14. B2B express wallet share currently at 20–30%; contract logistics can drive higher share through enhanced service offerings
15. Independent and integrated contracts offer competitive edge, cost benefits, and potential to capture up to 100% wallet share

Significant potential for unlocking cross-synergies

Focused on maximizing wallet share through cross-selling and driving new business via end-to-end solutions and strong execution.

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Financial Updates

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Consolidated Financial Highlights – Q4 & FY26

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Revenue from Operations (Rs Cr)

Gross Profit (Exc. Other Income) (Rs Cr)

EBITDA (Exc. Other Income) (Rs Cr)

Express Volume ('000 Tons)

Realization per ton (Q4FY26)

Rs. 12,037

Up 3% YoY and 4% QoQ

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Business Highlights – Q4 & FY26

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Surface Express

Air Express

Consultative Logistics

Volume ('000 Tons)

Volume ('000 Tons)

Space Under Management (Mn Sq.ft)

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Revenue Mix – FY26

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Express Logistics

Consultative Logistics

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Industry & Growth Accelerators

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Growth Accelerators: Growing Stronger With Deep Focus

B2B Express Logistics (Rs K Cr)

Supply Chain Services (Rs K Cr)

Combined (Rs K Cr)

Macro-economic Growth Enablers

Make in India / PLI Scheme
To boost logistics spend (especially Express)

Growth of SME / MSME Sector
leading to better growth of organized Exp. mkt

Growth in E-commerce Sector
Sector to grow at 18% CAGR from 2023-28

Technology Adoption
Service users prefer partners having better UI

Regulatory changes
GST & E-way bill leading to improved transit time

Govt. focus (NLP/ GCT/ ULIP/LEEP)
To push mobilisation of organised logistics

Increasing Customer Expectation
leading to increased industrial client expectation

Logistics Infrastructure Growth
Bharatmala / DFC to improve transit time

Micro-focused Growth Accelerators

E-commerce/Quick Commerce
Expand nationally & enhance offering to our current & new entrants. We work with the top 5 players in each.

Consumer Durables/Electronics
Pre-configure solutions with increased convenience for end consumer and returns management

Auto & Engineering
Specialize in growing requirements of VOR/ engines/ high value parts

Chemical As the market leader we have
strong regulatory and compliance adherence and focus on advanced inventory management (Sampling/ Kitting/ Repackaging, etc.)

Life Science & Healthcare
Specialize in pharma transportation through packaging solution/multi temperature storage/multi-temp last mile delivery/value added services

MSME & Retail
Pricing strategy and value driven commercial approach to maximize growth and Profitability

*Market size for key sub-segments in which ASCPL operates

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Growth Accelerators

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LOGISTICS

Stronger

• More long term contracts
• Well equipped to adapt to changed market conditions
• Value chain creation
• Continuous quality improvement
• Yield management

Leaner

• Defocused from low margin contracts
• Stay asset light
• Self financed transformation
• Well diversified margin business
• Network adaptation

Innovative

• Company to benefit from tailwinds
• Sector specific solutions
• Topline growth acceleration
• ☑ Auto
• ☑ Consumer durables
• ☑ Consumer electricals
• ☑ Life science and healthcare
• ☑ E-commerce

Tech Driven

• Data science and AI tools
• ☑ Customer service
• HR
• ☑ Sales
• ☑ Operations
• ☑ SME onboarding
• Stronger cyber security
• Delightful customer applications

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Vision/Strategy 2030

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Accelerated Focus

Resultant Value

Revenue from Operations (Rs Cr)

Gross Margin (Rs Cr)

EBITDA (Rs Cr)

ROCE (%)

Note: : Merged financials of Allcargo Gati Ltd (excluding discontinued operations) & Allcargo Supply Chain Pvt Ltd (Subsidiary of Allcargo Logistics Ltd)

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Board Of Directors & Management Team

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Board Of Directors

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Shashi Kiran Shetty

Founder & Chairman

A pioneer in logistics industry and a visionary, first generation entrepreneur. He is the founder of Allcargo and led its global expansion. Besides several awards for his contributions to the industry, he has also been conferred with highest civilian honor as 'Distinction of Commander of the Order of Leopold II' by H.M. King Philippe of Belgium.

Kaiwan Kalyaniwalla

Non-Executive Director

A senior counsel with sharp focus on governance. He is a Solicitor and Advocate of the Bombay High Court & Senior Partner in a prestigious law firm. He is on the investment committee of a SEBI registered real estate fund and NBFC and serves on other reputed boards.

Hetal Gandhi

Non-Executive, Independent Director

Experience spanning three decades across the spectrum of financial services financial services encompassing private equity, infrastructure development / financing and investing, corporate lending, mergers and acquisitions, and capital markets. He continues to serve as an Independent Director on the Board of well-known companies, both listed and private.

Ketan Kulkarni

Managing Director & CEO

Over three decades of leadership experience across sectors including logistics, consumer durables, FMCG and Beverages. His tenure as the Chief Commercial Officer at Blue Dart Express (DHL Group) spanned over 17 years, during which he led sustainable and strategic growth initiatives.

Sivaraman Narayanaswami

Non-Executive, Independent Director

Seasoned business leader with close to 40 years of experience as a finance professional and business leader. His expertise lies in strategy, business planning, organization building, capital raising, mergers and acquisitions, and investor relations. His last assignment was as MD & Group CEO at ICRA Ltd

Dinesh Kumar Lal

Non-Executive, Independent Director

Seasoned business leader with more than 50 years of experience in the shipping industry. Established various ventures in India & overseas. Played a pivotal role in creating mutual ground between companies and government bodies. Some of the quasi government projects were established under his guidance. Currently, an Independent Director on the Board of Raymond Limited, Raymond Lifestyle Limited and Allcargo Gati Limited.

Arathi Shetty

Non-Executive Director

A leader with strong focus on sustainability and highly regarded for contributions beyond business. Her focus on education of underprivileged students, support to sports, Covid relief and several other social causes have given hope and life to many people.

Radha Ahluwalia

Non-Executive, Independent Director

Highly regarded mentor and business leader. She was associated with IMA as Managing Director for over 15 years and has worked at Lufthansa and World Bank. She has created leadership networks and is highly committed to the development of startup ecosystem, employment generation etc

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Management Team

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Ketan Kulkarni
Managing Director & CEO
30+ years of experience in logistics, travel goods, alcoholic beverages, FMCD and FMCG

Deepak Pareek
Chief Financial Officer
20+ years of expertise in finance, strategy, and infrastructure management

Sushil Rathi
Director (Consultative Logistics)
30+ years of leadership experience in logistics, operations, and strategic planning

Narayanan Sesha Srikanth
Head - Human Resources
20+ years of expertise in talent & workforce management, driving organizational transformation

Sanjay Khiyani
Chief Information Officer
25+ years in IT, specializing in technology strategy and program management

Sharmishta Majumdar
Head – Customer Experience
20+ years driving customer satisfaction and loyalty in logistics industry

Amit Chhari
Head – Operations (Express)
Deep expertise in B2B express logistics, network strategy, and large-scale operations

Samir Ahuja
Head – Sales (Express)
29+ years of experience in driving business growth and managing key customer relationships across telecom, retail, and logistics sectors

Karan Puri
Head – Sales (Consultative Logistics)
21+ years in sales, specializing in B2B logistics and e-commerce, empowering businesses

Suresh Narayanan
Head – Operations (Consultative Logistics)
28+ years of experience in in plant logistics, JIT warehousing, procurement and B2B/B2C fulfilment

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Financials

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Consolidated Profit & Loss

Particulars (Rs Cr)	Q4FY26	Q4FY25	YoY	Q3FY26	QoQ	FY26	FY25	YoY
Revenue from Operations	514	513	0.2%	516	-0.4%	2,058	1,961	5%
Direct Overheads	360	363		363		1,451	1,363
Gross Profit	154	149	3%	153	1%	607	597	2%
Gross Margin (%)	30%	29%		30%		30%	30%
Employee Expenses	53	56		52		213	222
Other Expenses	41	51		40		161	175
EBITDA	60	43	41%	61	-2%	233	200	16%
EBITDA Margin (%)	12%	8%		12%		11%	10%
Depreciation	52	48		51		204	182
Right to use assets	44	39		42		170	151
Property, plant and equipment	8	8		8		33	30
Amortization of intangible assets	0	1		1		1	1
EBIT	8	-5	NA	10	-20%	29	18	60%
Other Income	11	19		3		32	42
Finance Cost	15	18		16		62	75
Lease liabilities	14	12		12		52	47
Other than lease liabilities	1	4		6		10	29
Pre-Exceptional PBT	4	-4	NA	-3	NA	-1	-15	96%
Exceptional Items	12	3		0		3	27
Post Exceptional PBT	16	-1	NA	-3	NA	2	13	-82%
Tax/(Tax credit)	-4	-26		-4		-4	-50
Profit After Tax	20	25	-20%	0	NA	6	63	-90%

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EBITDA Bridge

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Particulars (Rs Cr)	Q4FY26	Q4FY25	Q3FY26	FY26	FY25
Revenue from Operations	514	513	516	2,058	1,961
Less: Direct Overheads	360	363	363	1,451	1,363
Less: Employee Expenses	53	56	52	213	222
Less: Other Expenses	41	51	40	161	175
EBITDA	60	43	61	233	200
EBITDA (%)	12%	8%	12%	11%	10%
Less: Lease Rent Expenses (Ind AS 116)	53	46	56	205	177
EBITDA (Post Lease Expenses)	7	-3	5	28	23
EBITDA (post Lease Expenses)(%)	1.5%	-0.7%	1.1%	1.4%	1.2%

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Consolidated Balance Sheet

Assets (Rs Cr)	Mar-26	Mar-25
Non-current Asset	1,032	1,033
Property, Plant And Equipment	132	145
Capital work-in-progress	1	-
Right To Use	519	486
Goodwill	125	125
Intangible Assets	7	3
Intangible Assets Under Development	2	3
Financial Assets
(i) Other	56	51
Deferred Tax Assets(net)	69	64
Non -Current Tax Assets (Net)	118	146
Other Non-current Assets	3	10
Current Assets	704	708
Financial Assets
(i) Investments	-	3
(ii) Trade Receivables	429	375
(iii) Cash And Cash Equivalents	73	76
(iv) Bank Balances Other Than (iii)	58	81
(v) Loans	-	1
(vi) Other Financial Assets	38	77
Other Current Assets	88	67
Assets Held For Sale	18	28
Total	1,736	1,741
Equity And Liabilities (Rs Cr)	Mar-26	Mar-25
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Equity	574	562
Equity Share Capital	300	300
Equity attributable to equity holders of the Parent	274	262
Non-current Liabilities	498	473
Financial Liabilities
(i) Borrowings	18	33
(ii) Lease Liability	445	406
(iii) Other Financial Liability	6	6
Provisions	27	26
Other non-current liabilities	2	2
Current Liabilities	664	706
Financial Liabilities
(i) Borrowings	84	201
(ii) Lease Liability	146	141
(iii) Trade Payables	198	162
(iv) Other Financial Liabilities	203	165
Other Current Liabilities	22	25
Provisions	11	12
Total	1,736	1,741

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Consolidated Cash Flow Statement

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Cash Flow Statement for the period ended (Rs Cr)	Mar-26	Mar-25
PBT	4	15
Adjustments	224	207
Operating Profit Before Working Capital Changes	228	222
Changes In Working Capital	56	84
Cash Generated From Operations	284	306
Direct Taxes Paid (Net Of Refund)	31	-31
Net Cash From Operating Activities	315	275
Net Cash From Investing Activities	56	146
Net Cash From Financing Activities	-373	-435
Net Change In Cash And Cash Equivalents	-3	-14
Opening Cash Balance	76	90
Closing Cash Balance	73	76

Note: Cash and Cash Equivalents from Discontinuing operations is ₹2 Cr

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ESG Initiatives

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Extensive Efforts Across Environmental, Social and Governance Aspects

Environmental Initiatives

Fleet Conversion to Alternative Fuels

• Goal to become carbon neutral by 2040
• Over 400 AFVs¹, including 125+ Electric Vehicles (EVs)
• Reduced over 4 tCO2e in carbon emissions

Solar Energy Projects

• Solar panels installed at more than 10 facilities
• Generates 3,79,848 kWh annually, reducing CO2 by 2.77 lakh MTs
• Expansion plans to achieve 1.1 MW capacity

Social Initiatives

Community Development and Education

• CSR arm Avashya Foundation supports educational projects
• Maintains Gati Government School at Banjara Hills since 1997

Gender Diversity

• 11 OUs managed by women
• Supports 'Seva Bharathi' and Kishori Vikas Project for girls' development

Governance Initiatives

Compliance and Cybersecurity

• Zero non-compliance with regulatory requirements
• ISO 27001 certification for data security
• 100% employee coverage in information security training

Sustainable Supply Chain

• 100% critical supplier ESG screening by 2040
• Increasing local procurement and conducting ESG assessments

Key Initiatives

Alternate Fuel (Green Fuel) Vehicles

Objective: To transform Gati's mobility into a more eco-friendly, sustainable and attractive option

Methodology:
- Conduct a pilot project for 3 months to understand:
- Feasibility of EVs & CNGs on respective routes
- Impact on operations post deployment
- Profitability of EV/ CNG option from GAs perspective

Key Parameters: CPKG, Capacity utilization, Spillage load

Hub Solarization

Objective: To solarize Gati warehouses to attain environmental & financial benefits

Target: To solarize additional facilities in co-ordination with Allcargo Supply Chain. To track the installation of solar plant as per the project plan & assist U-Solar team

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Thank You

Allcargo Logistics Limited
Mr. Sanjay Punjabi
sanjay.Punjabi@allcargologistics.com
investor.services@allcargologistics.com
+91 98210 80048

Stellar IR Advisors Pvt Ltd
Ms. Pooja Sharma / Mr. Suyash Samant
pooja.sharma@stellar-ir.com
suyash@stellar-ir.com
+91 22 62398024

1860-123-4284
74000 12000
business.enquiries@allcargologistics.com