Financial Results - Standalone (Half Year Ended September 30, 2026)

Income Statement Highlights (₹ in lakhs):

  • Revenue from Operations: ₹5,108.55 (H1 FY26: ₹4,704.61; FY26: ₹11,113.69; FY25: ₹13,200.24)
  • Other Income: ₹3.68 (H1 FY26: ₹18.76; FY26: ₹30.69; FY25: ₹26.50)
  • Total Income: ₹5,112.23 (H1 FY26: ₹4,723.37; FY26: ₹11,144.38; FY25: ₹13,226.75)

Expense Breakdown (₹ in lakhs):

  • Operating Expenses: ₹4,317.39 (H1 FY26: ₹3,962.40; FY26: ₹9,614.66; FY25: ₹11,496.36)
  • Employee Benefits Expense: ₹324.67 (H1 FY26: ₹338.72; FY26: ₹689.67; FY25: ₹716.42)
  • Finance Costs: ₹129.16 (H1 FY26: ₹132.99; FY26: ₹279.40; FY25: ₹312.10)
  • Depreciation and Amortization: ₹67.63 (H1 FY26: ₹99.57; FY26: ₹180.33; FY25: ₹262.54)
  • Other Expense: ₹206.45 (H1 FY26: ₹144.61; FY26: ₹298.87; FY25: ₹417.11)
  • Total Expense: ₹5,045.29 (H1 FY26: ₹4,678.30; FY26: ₹11,062.94; FY25: ₹13,204.54)

Profitability Metrics:

  • Profit before tax: ₹66.94 (H1 FY26: ₹45.08; FY26: ₹81.44; FY25: ₹22.20)
  • Tax Expense: ₹9.92 (comprising deferred tax only; H1 FY26: ₹8.64; FY26: ₹23.69; FY25: ₹9.81)
  • Net Profit: ₹57.01 (H1 FY26: ₹36.44; FY26: ₹57.75; FY25: ₹12.39)
  • Equity Share Capital: ₹1,020.00 (face value ₹10 each, unchanged from previous periods)
  • Earnings per Share (Basic and Diluted): ₹0.56 (H1 FY26: ₹0.36; FY26: ₹0.57; FY25: ₹0.12)

Financial Results - Consolidated (Half Year Ended September 30, 2026)

Income Statement Highlights (₹ in lakhs):

  • Revenue from Operations: ₹5,108.55 (same as standalone)
  • Other Income: ₹3.68 (same as standalone)
  • Total Income: ₹5,112.23 (same as standalone)
  • Total Expense: ₹5,045.29 (H1 FY26: ₹4,678.29; FY26: ₹11,063.23; FY25: ₹13,204.54)
  • Profit before tax: ₹66.94 (H1 FY26: ₹45.08; FY26: ₹81.15; FY25: ₹22.21)
  • Tax Expense: ₹9.92 (H1 FY26: ₹8.64; FY26: ₹23.69; FY25: ₹9.81)
  • Profit after tax before Minority Interest: ₹57.01 (H1 FY26: ₹36.44; FY26: ₹57.46; FY25: ₹12.39)
  • Minority Interest/Share of Profit in Associates: -₹43.25 (H1 FY26: -₹16.06; FY26: -₹87.51; FY25: -₹6.43)
  • Net Profit: ₹13.77 (H1 FY26: ₹20.38; FY26: -₹30.06; FY25: ₹5.96)
  • Earnings per Share (Basic and Diluted): ₹0.13 (H1 FY26: ₹0.20; FY26: -₹0.29; FY25: ₹0.06)

Balance Sheet Position - Standalone (As at September 30, 2026)

Equity & Liabilities (₹ in lakhs):

  • Shareholders' Funds: ₹2,119.55 (Share Capital: ₹1,020.00; Reserves and Surplus: ₹1,099.55)
  • Non-Current Liabilities: ₹1,134.40 (Long-Term Borrowings: ₹1,063.52; Long Term Provisions: ₹67.88; Other Non Current Liabilities: ₹3.00)
  • Current Liabilities: ₹2,829.45 (Short-Term Borrowings: ₹2,312.72; Trade Payables - Micro/Small Enterprises: ₹33.82; Trade Payables - Others: ₹371.01; Other Current Liabilities: ₹79.68; Short-Term Provisions: ₹32.21)
  • Total Liabilities: ₹6,083.40

Assets (₹ in lakhs):

  • Non-Current Assets: ₹1,789.71 (Property Plant and Equipment: ₹1,362.37; Intangible Assets: ₹2.85; Intangible Assets under development: ₹6.75; Non-Current Investments: ₹50.08; Deferred Tax Asset: ₹130.64; Long-Term Loans and Advances: ₹184.63; Other Non Current Assets: ₹52.39)
  • Current Assets: ₹4,293.69 (Trade Receivables: ₹3,575.03; Cash and Cash Equivalents: ₹73.66; Bank balance other than cash: ₹54.43; Short-Term Loans and Advances: ₹507.77; Other Current Assets: ₹82.80)
  • Total Assets: ₹6,083.40

Cash Flow Statement - Standalone (Half Year Ended September 30, 2026)

Cash Flow Movements (₹ in lakhs):

  • Net Cash Flow from Operating Activities: -₹482.36 (H1 FY26: -₹404.07; FY26: -₹115.19; FY25: ₹533.68)
  • Net Cash Flow from Investing Activities: ₹4.65 (H1 FY26: ₹53.15; FY26: ₹158.45; FY25: ₹71.23)
  • Net Cash Flow from Financing Activities: ₹544.61 (H1 FY26: ₹332.18; FY26: -₹88.59; FY25: -₹648.94)
  • Net Increase in Cash and Cash Equivalents: ₹66.90 (H1 FY26: -₹18.73; FY26: -₹45.33; FY25: -₹44.05)
  • Cash and Cash Equivalents at beginning: ₹6.77 (H1 FY26: ₹52.10; FY26: ₹52.10; FY25: ₹96.16)
  • Cash and Cash Equivalents at end: ₹73.66 (H1 FY26: ₹33.37; FY26: ₹6.77; FY25: ₹52.10)

Key Notes and Disclosures

1. Regulatory Compliance: The financial results were reviewed by the audit committee and approved by the board of directors on November 13, 2026. Statutory auditors conducted a limited review pursuant to SEBI LODR Regulation 33.

2. Accounting Standards: The company is exempt from adopting IND AS as per MCA notification dated February 16, 2015, for companies listed on SME exchanges.

3. Business Segments: The company operates in one reportable business segment: "Logistics and Freight Forwarding".

4. Consolidation Scope: The consolidated results include:

  • Holding Company: Cargosol Logistics Limited
  • Subsidiary: Cargosol Shipping Agency Private Limited
  • Associate: Cargosol LLC
  • Excluded: Cargosol Logistics (Thailand) Co. Ltd. (financials not available during review)

5. Auditor Qualification: The auditors noted that the consolidated results include the group's share of net profit/(loss) of ₹(43.25) lakhs from associate companies whose financial statements were not reviewed and were furnished by management.

6. Comparative Figures: Figures for previous periods have been regrouped wherever necessary to correspond with current period presentation.

Capital Structure Impact

No change in share capital reported. Equity share capital remains at ₹1,020.00 lakhs (face value ₹10 each) consistent with previous periods.