• Volume guidance revision: Management reduced its FY27 volume growth guidance to 8% for EXIM and 15% for domestic (9.5% combined) due to external disruptions, with a planned review at mid-year.
• EBITDA margin outlook: After Q4 margins dipped to 21.5%, full-year FY26 margins closed at 24.33%, and management guided for normalized EBITDA margins between 24% and 25% going forward.
• Western DFC connectivity: The Western Dedicated Freight Corridor connects to JNPT from June 1, 2026, enabling double-stack container services from NCR terminals at Dadri and Khatuwas to drive road-to-rail traffic conversion.
• Capex and infrastructure: The board approved a ₹945 crore capex for FY27 to support two-year expansion goals of growing rakes from 430 to 500, terminals from 68 to 100, and container inventory from 58,000 to 70,000.
• Bulk cement growth: Following initial equipment shortages, stabilized tank container supplies of roughly 200 units per month are projected to add at least 1 million tons of incremental domestic volume in FY27.