Western Carriers (india) Limited · NSE:WCIL
Western Carriers (india) — Q1 FY26 Earnings Presentation
36 slides from Western Carriers (india)'s earnings presentation, Aug 14, 2025
Slide 1: Cover letter to stock exchanges
Date: August 14, 2025 To, To, The General Manager The General Manager Department of Corporate Services, Department of Corporate Services, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai- 400001
Slide 2: Western Carriers (India) Limited Investor Presentation Q1 FY26
Western Carriers (India) Limited Investor Presentation | Q1 FY26
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Western Carriers (India) Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Company Overview
Company Overview SSS
Slide 5: WCIL: The Largest & Fastest Growing Logistics Solutions Provider
WCIL: The Largest & Fastest Growing Logistics Solutions Provider Multi-modal, rail- Trusted provider of Specialized in customized Founded in Legacy of over focused, 4PL asset-light seamless multimodal end-to-end supply chain 1972 5 Decades logistics company logistic solutions solutions Largest plati
Slide 6: Our Principles & Strategic Aim
Our Principles & Strategic Aim Our Core Principles Trust • Seamless ‘pick, pack, drop’ operations • Single-window solutions to resolve supply chain complexities Timeliness • Multimodal transport ensures timely delivery • Customized logistics based on client needs Transparency • Control over entire l
Slide 7: Journey of over Five Decades
Journey of over Five Decades 2022 2024 2025 Won a multimodal Listed on stock Won a multimodal logistics contract from a exchnages- NSE & BSE logistics contract from a large aluminium company Vedanta Ltd. 2020 2019 2018 Achieved turnover of Certified as Authorised Economic Onboarded as EXIM partner ₹
Slide 8: Comprehensive Service Portfolio
Comprehensive Service Portfolio One of the largest multi-modal, rail focused, 4PL asset-light logistic solutions provider in India Western Carriers India Limited 3PL, 4PL Supply Rail transport Road transport CHA / Stevedoring Chain & VAS Warehousing and Water & Air Freight Project logistics Stock Ma
Slide 9: Value-Added Services Across the Supply Chain
Value-Added Services Across the Supply Chain Packaging and Export haulage and Arrival and Inland Haulage and Multimode Production Departure transportation documentation unloading custom clearance Transport Warehousing & Inventory Issuance of Bill of Lading Container inspection and Customs House Agen
Slide 10: Turning Customer Challenges into Growth Opportunities
Turning Customer Challenges into Growth Opportunities Customer Pain Point WCIL Solution Multi-modal routes with seamless High transit times interchanges Lack of visibility GPS tracking and control of end-to-end chain Multiple intermediaries Single-window logistics provider Fewer trans-shipment point
Slide 11: Long-Standing Relationships with Customers
Long-Standing Relationships with Customers More than 1,600 clients served Long-term partnerships with industry 80% of FY25 revenue from customers 100% retention rate for top across India leaders across various sectors with >3-year relationships 10 clients Sectoral Revenue Mix 15% 4% 8% FY25 55% 19%
Slide 12: Operational Footprint and Infrastructure
Operational Footprint and Infrastructure Nationwide Infrastructure & Asset Base (as of March 31, 2025) Nationwide Presence Jammu 50+ branches, 4 zonal offices across 23 states Jalandhar 16 leased warehouses in 12 states Ambala 55+ major rake handling points Haridwar Panipat Udham Singh Nagar Delhi D
Slide 13: Technology & Innovation Capabilities
Technology & Innovation Capabilities Pioneers in Logistics Technology Fully Integrated ERP System First movers in implementing: • Real-time shipment tracking across modes • GPS on cross-country vehicles • In-depth reporting on fleet, stock, sales, purchases • FASTag for toll payments • Automated e-i
Slide 14: Industry Overview
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Slide 15: Indian Logistics Sector
Indian Logistics Sector India’s logistics sector to grow The logistics sector contributes Government aims to cut Government targets to reach Warehousing market expected 35 Multimodal Logistics Parks from $317B (2024) to $484B 5% to India’s GDP logistics costs from 14% to 8% top 25 in the global Logi
Slide 16: Key Growth Drivers – Indian Logistics Sector
Key Growth Drivers – Indian Logistics Sector Supply-Side Enablers • Major infrastructure push through DFC, Gati Shakti, Bharatmala, and multimodal logistics parks • Simplified regulatory landscape with GST, e-way bills, and infrastructure status for logistics • Strong FDI inflows and increased publi
Slide 17: B2B Growth Drivers for the Logistics Sector
B2B Growth Drivers for the Logistics Sector MSME Expansion Sustainability as a Differentiator MSMEs contribute ~31% to GDP and ~46% to exports; government schemes like ‘Make in India’ and Shift toward EV fleets, clean fuels, and energy- ‘Aatmanirbhar Bharat’ are fueling logistics demand efficient sm
Slide 18: Unique Value Proposition
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Slide 19: What Sets Us Apart
What Sets Us Apart Parameters Traditional 3PL service providers WCIL Transportation, warehousing and value-added Level of service offerings End-to-end supply chain management services Asset-light; leased infrastructure and fleet and selective Typical nature of asset ownership Asset-light; mainly par
Slide 20: Streamlined Logistics: CHA, AEO & Stevedoring Expertise
Streamlined Logistics: CHA, AEO & Stevedoring Expertise • Full team of professionals including CMD and CEO are certified Rule 8 CHA license holders, ensuring deep Licensed CHA Presence regulatory expertise throughout the supply chain & Capabilities • CHA licenses across major Indian ports including
Slide 21: Strengthening Multimodal Infrastructure for Industrial Growth
Strengthening Multimodal Infrastructure for Industrial Growth Operational Launch of Devaliya Terminal – Enabling Seamless Cargo Movement ▪ Successfully completed and commenced operations of Phase 1 of the Gati Shakti Multi Modal Cargo Terminal (MMCT) at Devaliya, Halvad district, near Morbi (Gujarat
Slide 22: A Platform Built for Growth
A Platform Built for Growth Integrated Multimodal One-Stop, Customer Needs Value-Added Services Transport End-to-End Solution Handling complexities with Warehousing, Customs, Rail/ Road/ River/ Ocean/ Tailored, tech-enabled, customized solutions Packaging, Labeling, etc.) Air customer-centric Asset-
Slide 23: Growth Engines for the Future
Growth Engines for the Future Deepen Customer Relationships Customer Acquisition & Sector Geographic Expansion Expansion • Expand service scope and geographies for • Leverage operational success to onboard new • Grow footprint through customer-led regional existing clients clients entry • Increase w
Slide 24: Financial Highlights
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Slide 25: Financial Performance (Consolidated)
Financial Performance (Consolidated) Volume (TEUs) Revenue (₹ in Cr) 50,784 51,688 416 423 33,286 32,888 17,498 18,800 Q1FY26 Q1FY25 Q1FY26 Q1FY25 EXIM Domestic EBITDA (₹ in Cr) & EBITDA Margin (%) PAT (₹ in Cr) & PAT Margin (%) 5.0% 8.4% 2.6% 4.5% 36 19 21 11 Q1FY26 Q1FY25 Q1FY26 Q1FY25 24
Slide 26: Key Financial Metrics (Consolidated)
Key Financial Metrics (Consolidated) ROE (%) ROCE (%) 25.5 26.9 33.4 24.8 29.7 29.7 29.2 22.4 12.2 15.3 FY21 FY22 FY23 FY24 FY25* FY21 FY22 FY23 FY24 FY25* DEBT/Equity (x) Working Capital (Days) 0.7 0.7 0.7 0.6 111 96 73 53 58 0.2 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 *ROE, ROCE are adju
Slide 27: Quarterly Income Statement (Consolidated)
Quarterly Income Statement (Consolidated) Particulars (₹ Crs) Q1FY26 Q1FY25 Y-o-Y Q4FY25 Q-o-Q Revenue from Operations 415.8 422.7 428.6 Total Revenue 415.8 422.7 -1.6% 428.6 -3.0% Operational Expenses 365.0 361.4 374.7 Gross Profit 50.8 61.4 -17.2% 53.9 -5.8% Gross Profit Margin 12.2% 14.5% 12.6% E
Slide 28: Historical Income Statement (Consolidated)
Historical Income Statement (Consolidated) Particulars (₹ Crs) FY21 FY22 FY23 FY24 FY25 Revenue from Operations 1110.1 1470.9 1633.1 1685.8 1725.7 Total Revenue 1110.1 1470.9 1633.1 1685.8 1,725.7 Operational Expenses 960.7 1280.4 1421.3 1436.6 1,489.8 Gross Profit 149.4 190.5 211.7 249.2 236.0 Gros
Slide 29: Historical Balance Sheet (Consolidated)
Historical Balance Sheet (Consolidated) Assets (₹ in crs) FY21 FY22 FY23 FY24 FY25 Non ‐ Current Assets Property, plant and equipment 36.3 36.3 55.3 71.1 119.1 Goodwill 31.0 31.0 31.0 31.0 31.0 Capital work‐in‐progress 0.6 9.5 16.8 0.0 15.0 Right of use assets 5.3 3.7 4.5 2.9 3.5 Other Intangible as
Slide 30: Historical Balance Sheet (Consolidated)
Historical Balance Sheet (Consolidated) Equity & Liabilities (₹ in crs) FY21 FY22 FY23 FY24 FY25 Equity (a) Equity share capital 39.4 39.4 39.4 39.4 51.0 (b) Other equity 157.1 218.0 279.1 359.0 777.1 Equity attributable to equity holders of the parent 196.4 257.4 318.4 398.4 828.1 Non‐controlling i
Slide 31: Historical Cash Flow Statement (Consolidated)
Historical Cash Flow Statement (Consolidated) Particulars (₹ in crs) FY21 FY22 FY23 FY24 FY25 Cash Flow from Operating Activities Profit before Tax 60.0 83.4 96.1 108.4 87.8 Adjustment for Non-Operating Items (0.2) (0.2) (0.3) (0.4) (0.3) Operating Profit before Working Capital Changes 82.4 107.8 12
Slide 32: Annexures
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Slide 33: Accomplished Board of Directors
Accomplished Board of Directors Rajendra Sethia Kanishka Sethia Sushila Sethia Chairman & Managing Director Whole Time Director, CEO & CFO Whole Time Director Sunil Munshi Bipradas Bhattacharjee Rajni Mishra Independent Director Independent Director Independent Director 32
Slide 34: Experienced Senior Management Team
Experienced Senior Management Team Sapna Kochar Kanhaiya Lal Baid Ravi Kumar Bhaskar Menon Company Secretary & Compliance Vice President (Operations) Vice President (Operations) Officer Selvam Sankaralingam Rajiv Ranjan Kumar Deputy Vice President (Marketing) Deputy VP-Project & Infra 33
Slide 35: Awards
Awards 2024 2022 2022 2021 Certificate of recognition as Appreciation award for outstanding Certificate of appreciation in recognition Awarded BALCO Monthly CEO leading logistic organisation of services and timeliness and for diligence of superior performance in the category award for ‘Best Business
Slide 36: Thank You
Thank You COMPANY : INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited Western Carriers (India) Limited A part of MUFG Corporate Markets, a division of CIN: L63090WB2011PLC161111 MUFG Pension & Market Services Ms. Sapna Kochar Ms. Nidhi Vijaywargia investors@westcong.com Mr. Viral Sankl
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