“From a logistics capital spending perspective, it is always a mix of acquisition or organic as well as inorganic growth,” Nagarajan said during the firm’s post-second quarter earnings call.
The company posted a 3.5% year-on-year decline in its profit after tax for the quarter ended June at ₹369 crore, while its total revenue rose 26% on year to ₹1,372 crore.
Consolidated Ebitda increased 18% to ₹716 crore. Operational revenue, which excludes other income, grew 26% to ₹1,266 crore, driven by higher port throughput and stronger performance in logistics. For the first half of FY26, the company reported capital expenditure of approximately ₹902 crore.
It handled 58.2 million tonnes of cargo during April-September, marking a 4% year-on-year growth.
“This growth was significantly affected by subdued cargo volumes at the terminal, which saw a shortfall of approximately 3.4 million tonnes,” Nagarajan said, citing challenging conditions in the iron ore export market. “In the absence of these headwinds, the company’s overall growth would have been closer to 10%,” he said.