Patel Integrated Logistics Limited – Investor Presentation Summary

Key Operational Highlights

  • Operates across 112 airports with network of 125+ offices throughout India
  • Air freight division handles domestic and international cargo from 250 grams to 40 tonnes
  • Warehousing division manages over 200,000 sq. ft. of warehousing space
  • Provides next-day to nine-day delivery across 50 routes covering 500 locations in India
  • Key operational segments: Air Freight (Domestic & International), Warehousing & Distribution

Key drivers of operational performance: Strategic tie-ups with major airlines (IndiGo, Air India, SpiceJet), membership in Global Logistics Network (136 members across 60 countries), digital track-and-trace capabilities, and customized logistics solutions for e-commerce, pharmaceutical, automobile, FMCG, IT, and engineering sectors.

Segment-wise Performance

Air Freight Revenue Performance:

  • FY24: ₹1,367 Mn (Domestic: ₹897 Mn, International: ₹470 Mn estimated)
  • FY25: ₹1,405 Mn (Domestic: ₹942 Mn, International: ₹463 Mn estimated)
  • FY26: ₹2,060 Mn (Domestic: ₹1,975 Mn, International: ₹85 Mn estimated)
  • Q1-FY26: ₹609 Mn (Domestic: ₹488 Mn, International: ₹121 Mn estimated)

Explanation of significant changes in segment performance: Domestic air freight showing strong growth trajectory while international segment appears to be undergoing strategic repositioning based on revenue mix changes.

Financial Highlights

Q1 FY26 Performance:

  • Operational Income: ₹1,134 Mn
  • Total Expenses: ₹1,113 Mn
  • EBITDA: ₹25 Mn
  • EBITDA Margins: 2.21%
  • PAT: ₹25 Mn
  • PAT Margins: 2.22%
  • EPS: ₹0.36

YoY/QoQ comparison:

  • Operational Income grew 45.50% YoY (from ₹780 Mn in Q1 FY25)
  • PAT grew 53.67% YoY (from ₹16 Mn in Q1 FY25)
  • PAT Margins improved 0.12% YoY (from 2.05% in Q1 FY25)

Drivers of financial performance: Higher revenue growth, operational efficiencies, and strategic focus on high-margin segments.

Key Risks: Rising and volatile shipping rates, scarce air cargo capacity, and competitive market landscape.

Geographical Revenue Split

Domestic vs International Revenue:

  • Domestic operations established in 1980, international operations launched in 2004
  • Company operates globally through GLN membership across 60 countries
  • Specific geographical breakdown percentages not specified in presentation

Balance Sheet Snapshot

As on 30.6.26:

  • Total Assets: ₹1,688 Mn
  • Non-Current Assets: ₹518 Mn (Property, plant and equipment: ₹327 Mn, Investment Property: ₹127 Mn)
  • Current Assets: ₹1,170 Mn (Trade receivables: ₹794 Mn, Cash and Cash Equivalents: ₹217 Mn)
  • Total Equity: ₹1,258 Mn (Equity Share Capital: ₹696 Mn, Other Equity: ₹562 Mn)
  • Non-Current Liabilities: ₹64 Mn
  • Current Liabilities: ₹364 Mn

Financial Health Insights: Strong equity base with low debt exposure, healthy cash position, and manageable current liabilities.

Capex & Cash Flow Health

  • Capital Expenditure: Not specifically quantified in presentation
  • Property, plant and equipment: ₹327 Mn as of 30.6.26
  • Investment Property: ₹127 Mn as of 30.6.26
  • Bangalore warehouse leased for 99 years, reflecting long-term infrastructure commitment

Investment Rationale: Focus on technology upgrades, warehouse infrastructure development, and network expansion.

Strategic & R&D Initiatives

Technology Investments:

  • Proprietary cloud-based platform for operations and billing
  • GST and VAT-compliant cloud accounting system
  • Universal track-and-trace mechanism for real-time shipment visibility
  • Digital Proof of Delivery mechanism
  • Mobile application for real-time MIS data access

Expected impact on growth: Enhanced operational efficiency, improved customer service, and competitive advantage in digital logistics.

Strategic Rationale: Expanding into high-growth markets through technology integration and infrastructure development.

Industry Trends & Business Environment

Air Freight Industry:

  • Projected to reach approximately 5.5 Mn MT by 2029, with CAGR of 6–9%
  • Market valued at USD 13.09 Bn in 2023, expected to grow to USD 17.22 Bn by 2028 (CAGR ~5.7%)
  • FY25 cargo split: 1.39 Mn MT (~37%) domestic, 2.32 Mn MT (~63%) international
  • E-commerce share of air cargo volumes projected to rise from 20% to 30% by 2027

Warehousing Industry:

  • Indian warehousing market predicted to reach USD 34.99 billion by 2027 (CAGR 15.64%)
  • Space requirement expected to reach 483 Mn sq. ft. in 2026 from 265 Mn sq. ft. in FY2021
  • Top six cities: Ahmedabad, Bangalore, Chennai, Mumbai, Delhi and Pune

Government Initiatives:

  • Increased capital expenditure from ₹11.2 lakh crore to ₹12.2 lakh crore for FY26-27
  • PM Gati Shakti Plan focusing on multi-modal connectivity
  • Allocation of Rs.502 cr for regional air connectivity scheme
  • UDAN 2.0 initiative adding 1,000 new routes

Impact on Company: Benefiting from infrastructure upgrades, e-commerce growth, and government support for logistics sector.

Management Commentary & Growth Outlook

Strategic Outlook: Company positioned as "full-spectrum logistics powerhouse" offering advanced air freight and warehousing solutions across India with focus on enhancing infrastructure, streamlining operations, and driving efficiencies.

FY Guidance: Not specifically quantified in presentation.

Market Share Targets: Not specified.

Risks and Opportunities: Highlighted industry trends including rising shipping rates, supply chain diversification, e-commerce growth, and capacity constraints as both challenges and opportunities.

ESG Updates

CSR Initiatives:

  • Donated Blood-Donation Bus to TATA Memorial Hospital
  • Co-Sponsored 6th International Women Tennis Championship
  • Donated INR 7 lakhs to Rotary Club of Bombay Bandra
  • Donated Buggy to Dignity Lifestyle Senior Living, Neral

Capital Market Information

As on 3rd July 2026:

  • CMP: ₹15.59
  • 52 Week H/L: ₹14.21
  • Market Cap: ₹960 Mn
  • Shares Outstanding: 69.58 Mn
  • 1 Year Avg. Trading Volume: 101,000

Shareholding Pattern (As on 30th June 2026):

  • Promoter: 36.15%
  • Public: 63.85%