Western Carriers Shares Jump 12% After Rs 558 Crore Jindal Stainless Order Win

Shares of Western Carriers (India), a recent entrant to the Indian stock market, surged over 12% on June 26, 2025, after the company announced a significant Rs 558 crore contract from Jindal Stainless Limited (JSL). The news triggered strong investor interest, pushing the stock to an intraday high of Rs 123, its highest level in five months.

Western Carriers Share Price Movement:

As of 1.30 PM on Thursday, Western Carriers' stock was trading at Rs 115, up 3.93%, The stock opened at 122.97 up from previous day's closing of Rs 110.65. The stock witnessed a huge jump in its trading volume of 65 lakhs shares over last week's average of 7 Lakh shares.

While the broader BSE Sensex was up 0.67%. Despite recent gains, the stock still trades about 30% below its IPO price of Rs 172, after debuting on the stock markets in September 2024.

Why Western Carriers Shares Moved Up?

Western Carriers' share price went up after the company received a work order worth about Rs 558 crore from JSL. According to a stock exchange filing, the contract involves transporting slabs, coils, and sheet plates in DSO containers to various locations across India and will be executed over a period of three years.

The three-year contract involves the dispatch of Slabs, Coils, and Sheet Plates in DSO Containers to multiple destinations across pan-India. "This engagement further strengthens the longstanding relationship between WCIL and JSL and showcases WCIL's capability to deliver comprehensive and dependable logistics services for the manufacturing and metals sector," the company mentioned in a stock exchange filing.

"This is a prestigious mandate that reinforces our capabilities in managing large-scale, mission-critical logistics operations across India. We remain committed to delivering efficient and quality services to support the domestic industrial ecosystem," said Rajendra Sethia, Chairman and Managing Director of Western Carriers.

This marks the second contract from Jindal Stainless in June alone. Earlier this month, the company secured a Rs 27.73 crore order for trailer hiring on a trip basis within JSL's Jaipur plant, to be executed over two years. The back-to-back wins have further strengthened Western Carriers' longstanding partnership with the steel major.

Company Performance & Financials:

In Q4 FY25, Western Carriers reported revenue of Rs 429 crore, a 6.7% year-on-year increase. Full-year revenue for FY25 came in at Rs 1,726 crore, up 2.4% from FY24. Quarterly EBITDA stood at Rs 25 crore with a margin of 5.8%, while annual EBITDA improved to Rs 120 crore, with margins at 6.9%.
Profit after tax (PAT) for Q4 was Rs 14 crore, translating to a margin of 3.3%, while FY25 PAT totaled Rs 65 crore.

Western Carriers Stock Outlook:

After a sluggish start post-listing, the stock hit a low of Rs 65 and posted negative monthly returns for eight consecutive months. However, sentiment began turning around in May 2025, when the stock rose 36%, marking its first positive monthly close. The momentum has continued into June, with the stock gaining an additional 20% in a month.

About Western Couriers:

Western Carriers is one of the largest logistics companies in India, focusing mainly on rail-based, multi-modal transport. It has grown into a reliable partner for handling complex logistics needs through a single-window solution in last 50 years. The company follows an asset-light 4PL model and uses technology to offer flexible and customized logistics solutions.

These include end-to-end 3PL and 4PL services that combine road, rail, water, and air transport, along with added support across the supply chain. The company was started in 1972 by Rajendra Sethia as a rail-focused logistics venture and was formally established as WCIL in 2013.

With recent deal momentum and a stock recovery underway, Western Carriers is back in the spotlight, riding high on a solid pipeline and growing investor confidence.

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