| Q1 Revenue | ₹211.2 Cr315% YoY Growth |
|---|---|
| Market Cap | ₹484 CrSmall Cap |
| Net Profit Qtr | ₹13.97 Cr296% YoY Growth |
| PE TTM | 19.2Sector PE 31.9 |
Key highlights
- Revenue from operations reached ₹211.2 Cr, representing 55% of the total revenue achieved in the entire previous financial year.
- Ocean freight volumes surged 264% YoY to 5,757 TEUs, contributing over 70% of the quarterly revenue.
- Air freight volumes grew 520% YoY to 930 tons, now accounting for 21% of the total revenue mix.
- Company added high-profile clients including Gujarat Ambuja Cement, HFCL Limited, Mukand Steel, and Toshiba.
- Asset utilization remained high with ISO tank containers at 83-84% and vehicles exceeding 90% utilization.
Financial Performance and Profitability
Blue Water Logistics reported an exceptional financial performance for the quarter ended June 30, 2026. Revenue from operations stood at ₹211.2 crore, up from ₹50.9 crore in the corresponding quarter of the previous year. EBITDA grew by 259.6% YoY to reach ₹23.6 crore, maintaining a margin of 11.2%.
The company's Profit After Tax (PAT) increased nearly four-fold to ₹14 crore, resulting in a PAT margin of 6.6%. Management noted that the growth was volume-led rather than just price-led, reflecting a broader scale of operations across its domestic branch network.
Segmental Growth and Asset Utilization
- Ocean Freight: Remained the cornerstone of operations, contributing 70% of revenue with a 29% sequential volume increase over Q4 FY26.
- Air Freight: Contributed 21% of revenue; management believes this segment will play a critical role in diversifying the revenue mix.
- NVOCC: Volume grew to 1,313 TEUs, up 119% YoY, as the company expands its ISO tank container fleet.
- Fleet Status: The current fleet comprises 1,708 ISO tank containers and over 100 container trailers, primarily operated on a lease-purchase model.
Strategic Roadmap and International Expansion
The company is executing an aggressive expansion strategy, recently opening new branches in Mumbai, Ahmedabad, Indore, Tada, and Nellore. Management intends to replicate the previous year's momentum to target a total revenue of ₹800 crore for FY27. Looking ahead, Blue Water Logistics is focused on establishing an international footprint across fast-growing trade hubs including Indonesia, Malaysia, Thailand, Vietnam, and China.
To support this growth, the company plans to raise an additional ₹100 crore in bank debt during the current financial year, which could bring total debt to approximately ₹200 crore.
Operational Commentary
This performance reflects the scale at which our business is now operating, establishing a stronger base from which we expect to build further growth in the coming quarters.
What to Watch
- Debt Levels: Management expects debt to double to ₹200 crore to fund expansion, which may impact interest coverage.
- Working Capital: The company currently operates on a 75-90 day debtor cycle, typical for the logistics industry but requiring disciplined management.
- Geopolitical Factors: Monitoring the situation in the Strait of Hormuz and vessel availability due to surges in Chinese exports.
- New Verticals: Progress in diversifying into dry container logistics and project cargo handling.
“We are looking to continue and we are looking to replicate what we did last financial year.”
“We need more funds to grow. We are actually in a growing stage, obviously we need more funds. We are looking for another INR100 crores to raise for the next financial year.”
| Share price | ₹440 |
|---|---|
| Market capitalisation | ₹484.00 Cr |
| Revenue (annual) | ₹386.02 Cr |
| Net profit (annual) | ₹25.21 Cr |
| Revenue (latest quarter) | ₹211.22 Cr+56.02% vs previous quarter |
| Net profit (latest quarter) | ₹13.97 Cr+52.02% vs previous quarter |
| P/E (TTM) | 19.2×Sector 31.95× |
| Promoter holding | 69.55%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Blue Water Logistics Limited announcing the transcript of the Q1 FY27 Earnings Conference Call. Market figures from a third-party data provider.
