Kolkata, February 14, 2026: Western Carriers (India) Limited (BSE: 544258 | NSE: WCIL), a multi-modal, rail-focused, asset-light 4PL logistics company, reported a 22% sequential rise in profit after tax to ₹11 crore for the quarter ended December 31, 2025, supported by improved operating performance and margin expansion.
Revenue from operations grew 9% quarter-on-quarter to ₹478 crore in Q3 FY26, while EBITDA increased 27% sequentially to ₹24 crore, reflecting operating leverage and disciplined cost management.
Key Financial Highlights – Q3 FY26 vs Q2 FY26
| Particulars (₹ Crore) | Q3 FY26 | Q2 FY26 | QoQ Growth |
|---|---|---|---|
| Revenue from Operations | 478 | 440 | 9% |
| EBITDA | 24 | 19 | 27% |
| EBITDA Margin | 5.0% | 4.3% | +70 bps |
| Profit After Tax (PAT) | 11 | 9 | 22% |
| PAT Margin | 2.3% | 2.0% | +30 bps |
Operational Developments
During the quarter, Western Carriers strengthened its multimodal logistics network and commissioned its Gati Shakti Multi Modal Cargo Terminal at Devaliya Station near Morbi, enhancing cargo handling capabilities and expanding integrated service offerings.The company continues to serve corporate and MSME customers through seamless multimodal connectivity across road, rail, water and air networks.
Management Commentary
Rajendra Sethia, Chairman and Managing Director, said the company delivered an impressive performance despite a challenging global geopolitical environment. He highlighted:- 9% sequential revenue growth to ₹478 crore
- 27% QoQ rise in EBITDA to ₹24 crore
- 22% increase in PAT to ₹11 crore
Looking ahead, the company plans to expand service offerings, accelerate automation initiatives and deliver scalable, technology-driven logistics solutions aligned with India’s industrial growth trajectory.
Business Profile and Positioning
Western Carriers (India) Limited is one of India’s largest multi-modal, rail-focused, asset-light 4PL logistics companies. With a technology-enabled, scalable business model, the company provides customized end-to-end 3PL and 4PL solutions integrating road, rail, water and air transportation along with value-added supply chain services.Founded in 1972 as a rail-centric logistics venture and incorporated under the present structure in 2013, WCIL has evolved into an integrated, single-window logistics partner catering to complex operational requirements across industries.
The company is listed on both BSE and NSE under the ticker WCIL.
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