Western Carriers Releases Q2 Results; Net Profit Reaches 86.91 Million
Western Carriers (India) Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The results were reviewed by the company’s Audit Committee and approved by the Board of Directors in a meeting held on August 14, 2026. Management confirmed that the results reflect the performance of the company as a major logistics service provider in India.The company's standalone financial data for the quarter showed Total Income at 4,683.87 million rupees. Against this income, total expenses were recorded at 4,565.20 million rupees, leading to a Net Profit for the period of 86.91 million rupees. The Basic Earnings Per Share (EPS) stood at 0.85 rupees.
A consolidated view of the Group also indicated Total Income of 4,683.87 million rupees and total expenses of 4,565.20 million rupees for the quarter ended June 30, 2026.
Key Financial Highlights (Amounts in Rs. Millions)
The following table summarizes key financial metrics for Western Carriers (India) Limited:| Particulars | Quarter ended June 30, 2026 (Unaudited) | March 31, 2026 (Audited) | June 30, 2025 (Unaudited) | March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 4,648.75 | 4,957.16 | 4,158.18 | 18,292.38 |
| Total Income | 4,683.87 | 4,989.77 | 4,199.87 | 18,437.87 |
| Total expenses | 4,565.20 | 4,877.25 | 4,052.97 | 17,910.36 |
| Net Profit for the period | 86.91 | 82.60 | 107.84 | 388.16 |
IPO Proceeds Utilisation
The company confirmed the successful completion of its Initial Public Offer (IPO) of 28,655,813 equity shares at an issue price of Rs 172 per share. The total offer size comprised a fresh issue amounting to Rs 4,000.00 million and an Offer for Sale totaling Rs 928.80 million.Following the IPO, the net proceeds generated from the fresh issue, after deducting offer expenses in relation to the Fresh Issue (inclusive of taxes), amounted to 3,629.38 million rupees. These funds were allocated across several categories:
| Utilised Category | Amount Utilised (Rs. Millions) |
|---|---|
| Prepayment or scheduled re-payment of certain borrowings availed by the company | 1,635.00 |
| Funding capital expenditure requirements (commercial vehicles, specialized containers, and stackers) | 477.28 |
| Unutilised funds as at June 30, 2026 | 874.40 |
The unutilized net proceeds were temporarily invested in a fixed deposit account with scheduled commercial banks.
WCIL Stock Price Movement
Western Carriers (India) Limited shares settled after a decline of 2.19% today, finishing at ₹86.55 in post-market trading. The stock recorded a trading volume of 42,011 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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