Foreign‑exchange losses of ₹63 crore dragged the bottom line, pushing net profit to ₹318 crore from ₹361 crore a year earlier.
Revenue climbed 17% to ₹1.48 billion, driven by higher cargo volumes and a weaker rupee, yet EBITDA slipped to ₹675 crore, narrowing margin to 45.6% from 48.2%.
Cargo throughput in India rose 8% to 29.4 mt, with the 13‑mtpa Kolkata Outer Container Terminal signing a 30‑year concession, bolstering the eastern coast portfolio.
The group added 36 new rail rakes, targeting 110 by March 2027, and completed the acquisition of NCR Rail Infrastructure Ltd, expanding its North‑India presence.
First‑half FY27 saw a 4% rise in handled cargo, with operational revenue up 18% to ₹2.93 billion; net cash stood at ₹1.69 billion against debt of ₹7.29 billion.
Management hinted at a cautious debt‑reduction path and will report FY27 results in December; analysts expect a modest upside to FY27 margins.