Integrated Filing — IndAS

General information about company
Scrip Code	544258
NSE Symbol	WCIL
MSEI Symbol	NOTLISTED
ISIN	INE0CJF01024
Name of company	WESTERN CARRIERS (INDIA) LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	16-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	13-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	LOGISTICS AND ALLIED SERVICES
Start date and time of board meeting	16-May-2025   17:15:00
End date and time of board meeting	16-May-2025   19:50:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2023-03-18
Indicate Company website link for updated RPT policy of the Company	http://western-carriers.com/assets/images/pdf/Policy-on-materiality-of-Related-PArty-Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
There is no default on loans and the Company has not issued any Debt Securities.

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	4285790000	17257200000
	Other income	48490000	132050000
	Total income	4334280000	17389250000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	140990000	530870000
(e)	Finance costs	42060000	215130000
(f)	Depreciation, depletion and amortisation expense	66180000	237940000
(f)	Other Expenses
1	Operational Expenses	3746660000	14897510000
2	Other Expenses	148700000	629470000
	Total other expenses	3895360000	15526980000
	Total expenses	4144590000	16510920000
3	Total profit before exceptional items and tax	189690000	878330000
4	Exceptional items	0	0
5	Total profit before tax	189690000	878330000
6	Tax expense
7	Current tax	49400000	230890000
8	Deferred tax	-500000	-3840000
9	Total tax expenses	48900000	227050000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	140790000	651280000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	140790000	651280000
17	Other comprehensive income net of taxes	-1520000	-2130000
18	Total Comprehensive Income for the period	139270000	649150000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	509780000	509780000
	Face value of equity share capital	5	5
27	Details of debt securities
22	Reserves excluding revaluation reserve		7771560000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.32	7.16
	Diluted earnings (loss) per share from continuing operations	1.32	7.16
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	1.32	7.16
	Diluted earnings (loss) per share from continuing and discontinued operations	1.32	7.16
24	Debt equity ratio	0	0.0021
25	Debt service coverage ratio	0	0.0227
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results		1.The statement of standalone unaudited financial results for the quarter and year ended March 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 16, 2025. n n2.The Financial Results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 interim Financial Reporting Ind AS 34, prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. n n3.The Company is primarily engaged in business of logistics and allied services to various customers in India and is a major logistics service provider. The Board of directors which has been identified as the Chief Operating Decision Maker CODM reviews the performance of the Company as a single operating segment in accordance with Ind AS-108 Operating Segments, notified pursuant to the Companies Indian Accounting Standard Rules 2015. Accordingly, no separate segment information has been furnished herewith. n n4.The Company completed its Initial Public Offer of 28655813 equity shares of face value of Rs. 5 each at an issue price of Rs. 172 per share including a share premium of Rs. 167 per share out of which 23255813 equity shares were issued and subscribed. The issue comprised of a fresh issue of 23,255,813 equity shares aggregating to Rs. 4000.00 million and offer for sale of 5,400,000 equity shares by selling shareholders aggregating to Rs. 928.80 millions. Pursuant to the IPO the equity shares of the Company were listed on National Stock Exchange of India Limited and BSE Limited on September 24,2024. n nThe total offer expenses were estimated to be Rs.456.52 millions inclusive of taxes. Out of the total expenses Rs. 85.90 millions inclusive of taxes is to be borne by selling shareholders n n5.The financial information of the Company for the corresponding quarter ended March 31, 2024 included in these audited standalone financial results have not been subject to audit or review by the statutory auditors. However, the management has exercised necessary due diligence to ensure that the unaudited standalone financial results for such period provide a true and fair view of the Company's affairs. Further, the figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year ended March 31,2025 and the published reviewed year to date figures up to and for the nine months ended December 31, 2024. n n6.During the year ended March 31, 2024, Pursuant to a resolution passed by the Board of Directors at its meeting held on May 8, 2023, the Company sold 1,010,000 shares that it held in Western Skyvilla Private Limited to one of the Promoters, Rajendra Sethia for a consideration of Rs.11.00 millions. n n7.The audited standalone financial results for the quarter and year ended March 31,2025 are available on the Company website

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	1190690000
	Capital work-in-progress	150130000
	Investment property
	Goodwill	310000000
	Other intangible assets	1060000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method	32820000
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	154000000
	Total non-current financial assets	154000000
	Deferred tax assets (net)	41090000
	Other non-current assets	257540000
	Total non-current assets	2137330000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	0
	Trade receivables, current	6204240000
	Cash and cash equivalents	48460000
	Bank balance other than cash and cash equivalents	1855060000
	Loans, current	254860000
	Other current financial assets	86580000
	Total current financial assets	8449200000
	Current tax assets (net)
	Other current assets	449740000
	Total current assets	8898940000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	11036270000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	509780000
	Other equity	7771560000
	Total equity attributable to owners of parent	8281340000
	Non controlling interest
	Total equity	8281340000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	186720000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	26560000
	Total non-current financial liabilities	213280000
	Provisions, non-current	68090000
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	281370000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1533370000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	24750000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	771500000
	Total Trade payable	796250000
	Other current financial liabilities	120870000
	Total current financial liabilities	2450490000
	Other current liabilities	20810000
	Provisions, current	2260000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	2473560000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	2754930000
	Total equity and liabilites	11036270000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

1.The statement of standalone unaudited financial results for the quarter and year ended March 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 16, 2025. n n2.The Financial Results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 interim Financial Reporting Ind AS 34, prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. n n3.The Company is primarily engaged in business of logistics and allied services to various customers in India and is a major logistics service provider. The Board of directors which has been identified as the Chief Operating Decision Maker CODM reviews the performance of the Company as a single operating segment in accordance with Ind AS-108 Operating Segments, notified pursuant to the Companies Indian Accounting Standard Rules 2015. Accordingly, no separate segment information has been furnished herewith. n n4.The Company completed its Initial Public Offer of 28655813 equity shares of face value of Rs. 5 each at an issue price of Rs. 172 per share including a share premium of Rs. 167 per share out of which 23255813 equity shares were issued and subscribed. The issue comprised of a fresh issue of 23,255,813 equity shares aggregating to Rs. 4000.00 million and offer for sale of 5,400,000 equity shares by selling shareholders aggregating to Rs. 928.80 millions. Pursuant to the IPO the equity shares of the Company were listed on National Stock Exchange of India Limited and BSE Limited on September 24,2024. n nThe total offer expenses were estimated to be Rs.456.52 millions inclusive of taxes. Out of the total expenses Rs. 85.90 millions inclusive of taxes is to be borne by selling shareholders n n5.The financial information of the Company for the corresponding quarter ended March 31, 2024 included in these audited standalone financial results have not been subject to audit or review by the statutory auditors. However, the management has exercised necessary due diligence to ensure that the unaudited standalone financial results for such period provide a true and fair view of the Company's affairs. Further, the figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year ended March 31,2025 and the published reviewed year to date figures up to and for the nine months ended December 31, 2024. n n6.During the year ended March 31, 2024, Pursuant to a resolution passed by the Board of Directors at its meeting held on May 8, 2023, the Company sold 1,010,000 shares that it held in Western Skyvilla Private Limited to one of the Promoters, Rajendra Sethia for a consideration of Rs.11.00 millions. n n7.The audited standalone financial results for the quarter and year ended March 31,2025 are available on the Company website

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	REMEASUREMENT OF THE EMPLOYEES DBO	-2030000	-2850000
	Total Amount of items that will not be reclassified to profit and loss	-2030000	-2850000
2	Income tax relating to items that will not be reclassified to profit or loss	-510000	-720000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	-1520000	-2130000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			878330000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			215130000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-950910000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-112930000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-23280000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			98490000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			-20960000
	Adjustments for depreciation and amortisation expense			237940000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-840000
	Adjustments for provisions, non-current			10040000
	Adjustments for other financial liabilities, current			38580000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			116290000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			1540000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-623490000
	Net cash flows from (used in) operations			254840000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			281780000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-26940000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			872250000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			10000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			-16620000
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			114380000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1671890000
	Net cash flows from (used in) investing activities	-2413150000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			4000000000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			211850000
	Repayments of borrowings			1151750000
	Payments of lease liabilities			23210000
	Dividends paid			0
	Interest paid			215130000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-352000000
	Net cash flows from (used in) financing activities			2469760000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			29670000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			29670000
	Cash and cash equivalents cash flow statement at beginning of period			18790000
	Cash and cash equivalents cash flow statement at end of period			48460000

Signatory Details
Name of signatory	RAJENDRA SETHIA
Designation of person	Managing Director
Place	KOLKATA
Date	16-May-2025