Accuracy Shipping LimitedQ1 FY27 Results & Financial Update

Accuracy Shipping Limited: Q1 FY27 consolidated results and company financials – revenue ₹141.09 Cr, PAT ₹0.34 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: ACCURACYPublished 20 Oct 2026Updated 20 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹141.09 CrReported Q1 FY27
Profit after tax₹0.34 CrReported Q1 FY27
EPS₹0.03Reported Q1 FY27

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Quarterly Results AnalysisExplore Accuracy Shipping Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Accuracy Shipping Limited reported consolidated revenue from operations of INR 141.09 crore for the quarter ended June 30, 2026 (Q1 FY27), reflecting a contraction compared to the preceding year due to dynamic global trade conditions and freight-rate fluctuations.

02

Despite the top-line contraction, profitability at the gross and operating levels demonstrated significant resilience, driven by a deliberate focus on earnings quality and operational efficiencies across service lines.

03

Gross profit expanded during the quarter as operative expenses and stock purchases moderated, lifting gross margin performance compared to the corresponding period of the previous fiscal year.

04

EBITDA improved on a year-over-year basis, benefiting from a stronger business mix anchored by high-margin logistics services and contributions from commercial vehicle sales.

05

Profit before tax (PBT) stood at INR 0.443 crore and profit after tax (PAT) came in at INR 0.343 crore, supported by a tax provision of INR 0.10 crore during the three-month period.

06

Finance costs remained a notable overhead item at INR 3.52 crore alongside depreciation charges of INR 3.04 crore, reflecting ongoing investments in fleet and infrastructure.

07

Management highlighted that ongoing execution of the company's industry diversification strategy helped buffer against sector-specific cyclicality, with non-core sectors gradually expanding their contribution to the portfolio.

01 · Business model

What does Accuracy Shipping do?

Accuracy Shipping Limited operates as an end-to-end logistics solutions provider offering customized supply chain services across domestic and international trade routes.

Core service verticals encompass clearing and forwarding via sea and air cargo, custom clearance, multi-modal transportation, warehousing, vessel and train chartering, project cargo handling, and specialized logistics.

The company maintains diversified revenue streams that also include commercial vehicle (HMCV) dealership sales through Ashok Leyland showrooms and petroleum product distribution outlets.

Backed by a global network spanning multiple agency agreements and 14 branch offices across India, the enterprise serves diverse industrial sectors ranging from marble and granite to ceramic tiles, chemicals, paper, and steel.

02 · Historical context

What shaped the business before this quarter

2000 Incorporation

Incorporated originally as Balaji Shipping Agency in 2000, focusing on customs clearance and transportation services.

2018 SME IPO & Transformation

Transformed into Accuracy Shipping Limited in 2018 and successfully launched an SME initial public offering.

2020 Mainboard Listing

Shifted to the mainboard in December 2020, consolidating all business operations under one roof as the first NSE-listed company from the Kachchh district.

2022 Dealership Expansion

Introduced Ashok Leyland dealership showrooms and workshops across Gandhidham, Bhuj, and Mundra in 2022 to capture synergies in fleet maintenance.

2025 BSE Listing

Admitted equity shares to dealings on BSE Limited with effect from November 6, 2025.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹141.09 Cr
Total income₹141.09 Cr
Profit before tax₹0.44 Cr
Profit after tax₹0.34 Cr
EPS₹0.03

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Logistics Services Segment

Logistics services anchored the business, contributing 71% of total revenue in Q1 FY27 compared to 65% in Q1 FY26.

Commercial Vehicles Segment

Sale of heavy and medium commercial vehicles (HMCV) accounted for 28% of Q1 FY27 revenue, maintaining its position as a major diversification driver.

Petroleum Products

Petroleum and petroleum products contributed 2% of total revenue in Q1 FY27, moderating from 7% in the same quarter last year.

Industry Diversification

Marble and granite remained the largest industry contributor at 45% of revenue, followed by ceramic tiles at 26%, with paper, textile, machinery, rubber, and chemical sectors making up the remainder.

What drove margins

Gross Margin Expansion

Disciplined cost management in operative expenses and stock purchases resulted in a stronger gross profit margin of 11.5% in Q1 FY27 compared to 8.3% in Q1 FY26.

EBITDA Margin Improvement

EBITDA margin expanded to 4.8% in Q1 FY27 from 3.2% in Q1 FY26, driven by favorable business mix adjustments and operating efficiencies.

Segmental EBITDA Contribution

Logistics services generated 91% of total EBITDA in Q1 FY27 (up from 67% in Q1 FY26), while commercial vehicles contributed 9%.

05 · Demand, customers & order book

Where demand is coming from

Containers Handled

Handled 21,565 containers during Q1 FY27, backed by an average realization of INR 51,491 per container.

Marquee Client Base

Serves established industrial clients including Vedanta, Apollo Tyres, Adani Wilmar, Godrej, Kajaria, and Johnson across diverse manufacturing and trading verticals.

06 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Clearing and Forwarding

Core clearing and forwarding operations remained the largest revenue driver, capturing 55% of segment distribution in Q1 FY27.

Transportation & Last Mile

Transportation and last-mile services contributed 15% to revenue mix, supporting broader multi-modal delivery networks.

Geography and market mix

Pan-India and Global Network

Maintained 14 branch offices across India and expanded global reach through 72 agency agreements spanning trade hubs in Europe, the Middle East, Asia, and the Americas.

07 · Capacity, projects & execution

What is being built, commissioned or delivered

Capacity, production and utilisation

Fleet and Warehouse Infrastructure

Maintained an operational fleet of 417 trucks alongside dedicated management of approximately 850,000 square feet of warehouse and storage space.

HCV Dealership Workshops

Operated full-service workshops across three locations comprising 20 bays in Gandhidham, 15 bays in Mundra, and 6 bays in Bhuj.

08 · Strategy & new businesses

How the company is trying to change its growth mix

Synergistic Dealership Model

The Ashok Leyland heavy commercial vehicle dealership continues to support internal fleet maintenance for approximately 393 company-aligned vehicles while generating external sales.

09 · Reported developments

What changed operationally

Profitability Turnaround

Achieved higher gross profit and EBITDA despite a year-over-year revenue contraction, demonstrating improved pricing realization and cost discipline.

10 · Pressure points & risks

What is not going smoothly

Revenue Softening

Operating revenue declined by 12.4% year-over-year to INR 140.8 crore in Q1 FY27 from INR 160.7 crore in Q1 FY26, influenced by volatile global shipping rates.

11 · Beyond the numbers

What changed beyond the numbers

Reported update

CSR and Environmental Initiatives

Introduced electric vehicles for short-haul transportation, participated in rural education drives, and contributed to rainwater harvesting projects with the Gandhidham Municipal Corporation.

12 · Key Q&A

The quarter, answered directly

What does Accuracy Shipping do?

Accuracy Shipping Limited operates as an end-to-end logistics solutions provider offering customized supply chain services across domestic and international trade routes.

What is the clearest takeaway from Q1 FY27?

Accuracy Shipping Limited reported consolidated revenue from operations of INR 141.09 crore for the quarter ended June 30, 2026 (Q1 FY27), reflecting a contraction compared to the preceding year due to dynamic global trade conditions and freight-rate fluctuations.

What drove revenue or demand?

Logistics services anchored the business, contributing 71% of total revenue in Q1 FY27 compared to 65% in Q1 FY26.

What mattered most for margins or profitability?

Disciplined cost management in operative expenses and stock purchases resulted in a stronger gross profit margin of 11.5% in Q1 FY27 compared to 8.3% in Q1 FY26.

What changed operationally beyond the headline numbers?

Maintained an operational fleet of 417 trucks alongside dedicated management of approximately 850,000 square feet of warehouse and storage space.

What are the main pressure points disclosed for the quarter?

Operating revenue declined by 12.4% year-over-year to INR 140.8 crore in Q1 FY27 from INR 160.7 crore in Q1 FY26, influenced by volatile global shipping rates.

13 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

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14 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Freight Rate Trajectory: Monitor global shipping rate movements and fuel price trends that influence clearing and forwarding realizations.

  2. 02

    Volume Growth in Logistics: Track quarterly container handling volumes and utilization rates across warehousing and transportation assets.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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