Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Western Carriers (India) Ltd
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 401.57 | 425.85 | 456.71 | 401.64 | 422.71 | 431.43 | 443.00 | 428.58 | 415.82 | 439.62 | 478.09 | 495.72 |
| Expenses + | 370.26 | 392.29 | 419.36 | 357.81 | 387.25 | 395.29 | 419.61 | 403.63 | 395.02 | 420.79 | 454.17 | 474.29 |
| Operating Profit | 31.31 | 33.56 | 37.35 | 43.83 | 35.46 | 36.14 | 23.39 | 24.95 | 20.80 | 18.83 | 23.92 | 21.43 |
| OPM % | 7.80% | 7.88% | 8.18% | 10.91% | 8.39% | 8.38% | 5.28% | 5.82% | 5.00% | 4.28% | 5.00% | 4.32% |
| Other Income + | 1.27 | 1.13 | 1.86 | 1.51 | 1.38 | 1.88 | 5.11 | 4.85 | 4.17 | 4.36 | 2.76 | 3.26 |
| Interest | 4.46 | 4.76 | 6.21 | 6.75 | 6.08 | 6.72 | 4.51 | 4.21 | 4.53 | 4.53 | 4.14 | 5.25 |
| Depreciation | 4.80 | 5.03 | 5.59 | 5.82 | 5.23 | 5.77 | 6.18 | 6.62 | 5.74 | 6.50 | 7.89 | 8.19 |
| Profit before tax | 23.32 | 24.90 | 27.41 | 32.77 | 25.53 | 25.53 | 17.81 | 18.97 | 14.70 | 12.16 | 14.65 | 11.25 |
| Tax % | 25.17% | 26.55% | 25.61% | 26.15% | 25.97% | 25.77% | 25.88% | 25.78% | 26.60% | 26.48% | 26.08% | 26.58% |
| Net Profit + | 17.46 | 18.30 | 20.39 | 24.20 | 18.90 | 18.96 | 13.20 | 14.08 | 10.79 | 8.95 | 10.83 | 8.26 |
| EPS in Rs | 2.22 | 2.33 | 2.59 | 3.07 | 2.40 | 1.86 | 1.29 | 1.38 | 1.06 | 0.88 | 1.06 | 0.81 |
Financials of Western Carriers (India) Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 1,067 | 1,110 | 1,471 | 1,633 | 1,686 | 1,726 | 1,829 |
| Expenses + | 994 | 1,029 | 1,367 | 1,511 | 1,540 | 1,605 | 1,744 |
| Operating Profit | 73 | 81 | 104 | 122 | 146 | 121 | 85 |
| OPM % | 7% | 7% | 7% | 7% | 9% | 7% | 5% |
| Other Income + | 6 | 4 | 5 | 5 | 6 | 13 | 15 |
| Interest | 14 | 13 | 14 | 16 | 22 | 22 | 18 |
| Depreciation | 14 | 12 | 12 | 15 | 21 | 24 | 28 |
| Profit before tax | 52 | 60 | 83 | 96 | 108 | 88 | 53 |
| Tax % | 31% | 26% | 27% | 26% | 26% | 26% | 26% |
| Net Profit + | 36 | 45 | 61 | 72 | 80 | 65 | 39 |
| EPS in Rs | 9.11 | 11.32 | 15.54 | 9.09 | 10.21 | 6.39 | 3.81 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Western Carriers (India) Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 39 | 39 | 39 | 39 | 39 | 51 | 51 |
| Reserves | 112 | 157 | 218 | 279 | 359 | 777 | 816 |
| Borrowings + | 102 | 141 | 150 | 215 | 269 | 176 | 226 |
| Other Liabilities + | 105 | 88 | 83 | 70 | 86 | 100 | 113 |
| Total Liabilities | 359 | 425 | 490 | 604 | 754 | 1,104 | 1,205 |
| Fixed Assets + | 73 | 73 | 74 | 91 | 105 | 154 | 206 |
| CWIP | 0 | 1 | 9 | 17 | 0 | 15 | 31 |
| Investments | 3 | 3 | 1 | 4 | 3 | 3 | 3 |
| Other Assets + | 283 | 349 | 406 | 492 | 646 | 932 | 965 |
| Total Assets | 359 | 425 | 490 | 604 | 754 | 1,104 | 1,205 |
Financials of Western Carriers (India) Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 81 | -26 | 5 | 2 | 1 | -3 | -22 |
| Cash from Investing Activity + | -24 | -2 | -3 | -36 | -40 | -241 | 2 |
| Cash from Financing Activity + | -54 | 26 | -3 | 33 | 40 | 247 | 25 |
| Net Cash Flow | 3 | -3 | -1 | -1 | 0 | 3 | 4 |
| Free Cash Flow | 71 | -38 | -10 | -40 | -35 | -90 | -102 |
| CFO/OP | 122% | -15% | 30% | 28% | 15% | 21% | 17% |
Financials of Western Carriers (India) Ltd
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 83 | 77 | 87 | 114 | 131 | 139 |
| Inventory Days | 0 | ||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 64 | 83 | 77 | 87 | 114 | 131 | 139 |
| Working Capital Days | 21 | 39 | 38 | 45 | 58 | 96 | 94 |
| ROCE % | 25% | 26% | 24% | 22% | 13% | 7% |