Transcript of Earnings Call Q1FY27

August 12, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 532749 NSE Symbol: ALLCARGO Sub: Transcript of Earnings Conference Call for the first quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulations 30(6) read with Schedule III and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith transcript of earnings conference call held on Thursday, August 6 2026, at 3: 30 p.m. (IST) for the first quarter ended June 30, 2026. The transcript is annexed for your reference which can also be accessed on the Company’s website from the below link: https://www.allcargologistics.com/cms/quarterlyearningreports/August2026/pqSxOVwudJ9KQfQO7Sh.pdf We request you to take the above on record. Yours faithfully, For Allcargo Logistics Limited 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 “Allcargo Logistics Limited Q1 FY27 Earnings Conference Call” August 06, 2026 MANAGEMENT: MR. KETAN KULKARNI – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – ALLCARGO LOGISTICS LIMITED MR. DEEPAK PAREEK – CHIEF FINANCIAL OFFICER – ALLCARGO LOGISTICS LIMITED MR. SANJAY PUNJABI – INVESTOR RELATIONS – ALLCARGO LOGISTICS LIMITED MR. PUNIT MISRA – PRESIDENT AND CHIEF BUSINESS OFFICER – ALLCARGO GROUP MODERATOR: MR. SUYANSH SAMANT – STELLAR IR ADVISORS Page 1 of 13 Allcargo Logistics Limited August 06, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Allcargo Logistics Limited Q1 FY '27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Suyash Samant from Stellar IR Advisors. Thank you, and over to you, sir. Suyash Samant: Thank you, Steve. Good afternoon, everyone, and thank you for joining us today. We have with us the senior management team of Allcargo Logistics Limited, Mr. Ketan Kulkarni, Managing Director and Chief Executive Officer; Mr. Deepak Pareek, Chief Financial Officer; Mr. Sanjay Punjabi from Investor Relations. Additionally, today, we have Mr. Punit Misra, President and Chief Business Officer from Allcargo Group. The management will be sharing the operating and financial highlights for the quarter ended 30th June 2026, followed by a question-and-answer session. Please note, this call may contain some of the forward-looking statements, which are completely based upon the company's beliefs, opinions and expectations as of today. These statements are not a guarantee of the company's future performance and involve unforeseen risks and uncertainties. The company also undertakes no obligation to update any forward-looking statements to reflect the developments that occur after the statement is made. Before handing to the management, I would briefly introduce Mr. Punit Misra, President and Chief Business Officer at Allcargo Group. Mr. Mishra brings over 3 decades of leadership experience across the media, entertainment, and FMCG sectors. Prior to joining the Allcargo Group, he held leadership positions at Zee Entertainment Enterprises and Hindustan Unilever. With that, I would like to hand over the conference to Mr. Punit Misra. Thank you, and over to you, sir. Punit Misra: Thank you, Suyash. Good afternoon, everyone, and thank you for joining us today. Our results presentation and press release have been uploaded on the website and in exchanges, and hope everyone has had the opportunity to go through the same. As we begin FY '27, our approach to scale Allcargo Logistics rests on a very simple belief. It is simple but not simplistic in the context of our understanding of what drives value for our customers, not easy to execute every day with razor-sharp precision, and it is this. Promised service quality delivered drives volume and when consistently delivered every day, it earns the right to command the right yield or the price. On the Express logistics side, the focus is to deeply instill a service quality obsession in our teams across the value chain, driven by the simple mantra of everyday great execution through brilliant basics. It's powered by our philosophy of one team, one goal, a philosophy that aligns every function across the value chain empowered to deliver customer delight. This is not a slogan for us, but an operating discipline, and it's the foundation of everything else this business is being built upon. That simple systemic discipline is showing up in our numbers, too. Our teams are Page 2 of 13 Allcargo Logistics Limited August 06, 2026 energized by the dictum, deliver the service and deserve the volume. And this quarter, that has translated into a 6.7% year-on-year volume growth. Behind the simple thought, of course, is all the back-end complexity of a customer segment-led approach to service delivery, made simpler for execution by our significant investments in technology in the end-to-end value chain. And we are driving this volume growth very mindfully with customers who genuinely value our service proposition and quality of delivery and are happy to pay a fair price for it. On pricing, continuing with our customer-centric philosophy, we are equally deliberate. Our dictum within the teams is deliver value, command value. We price on the strength of the service equation we bring to the table. That discipline has delivered a 6.4% year-on-year improvement in yield for the quarter. We are committed to this self-propelling loop of delivering consistent, high-quality customer service, consistently earning the right to win a higher share of their volumes and deserving the right to command the price for this consistently delivered high quality of service. This quarter's numbers are a testimony that our customers appreciate our belief and philosophy, and we thank them for it. It is these simple beliefs that are a source of inspiration and energy for our teams and people across the country, and we intend to build upon this energy and momentum. On the Consultative Logistics business, the story is equally consistent. The business is built on trust and retention, which is built by the consistent service delivery parameters delivered every day. We closed the quarter with service quality adherence of over 99%, and that consistency has led to a 98% customer retention rate. The retention rate is the best proof of the confidence that our customers have in us and in our execution quality. Backed by the power of our service consistency and customer trust, we have expanded our service footprint across diverse industry sectors where existing clients have given us the opportunity to expand our business with them. Our operating philosophy in this business is deliver more from less. It's about delivering more to our customers from less, extracting more through high-quality process design, improved productivity, better space utilization and technology and automation. This quarter, that discipline has delivered a 3% increase in revenue per square foot. So, if I were to leave you with one thought, it would be this. Both businesses are being run against a clearly defined playbook, high-quality customer service as the focal point, volume and customer commendation as the outcome and high-quality yield and profitable revenue as a reward for get [Showing first 8,000 characters — download PDF for full document]