1. Unaudited Financial Results for Q2 FY27
The Board approved the unaudited financial results (standalone and consolidated) for the quarter and six months ended September 30, 2026. The financial results were reviewed by the statutory auditors, M/s. S.R. Batliboi & Co. LLP, who issued a qualified conclusion.
The consolidated financial results for Q2 FY27 show:
- Total Income: ₹5,855.73 lakhs (Q2 FY26: ₹5,704.17 lakhs)
- Profit Before Tax: ₹790.24 lakhs (Q2 FY26: ₹686.66 lakhs)
- Profit After Tax: ₹585.29 lakhs (Q2 FY26: ₹663.04 lakhs)
- EPS (Basic): ₹1.16 (Q2 FY26: ₹1.34)
For H1 FY27 (6 months ended Sept 30, 2026):
- Total Income: ₹11,392.74 lakhs (H1 FY26: ₹11,245.45 lakhs)
- Profit Before Tax: ₹1,499.39 lakhs (H1 FY26: ₹1,404.16 lakhs)
- Profit After Tax: ₹1,097.97 lakhs (H1 FY26: ₹1,284.88 lakhs)
- EPS (Basic): ₹2.14 (H1 FY26: ₹2.54)
The standalone financial results for Q2 FY27 show:
- Total Income: ₹4,137.46 lakhs (Q2 FY26: ₹4,071.37 lakhs)
- Profit Before Tax: ₹763.88 lakhs (Q2 FY26: ₹726.99 lakhs)
- Profit After Tax: ₹565.64 lakhs (Q2 FY26: ₹689.91 lakhs)
- EPS (Basic): ₹1.13 (Q2 FY26: ₹1.38)
For H1 FY27:
- Total Income: ₹7,840.82 lakhs (H1 FY26: ₹7,963.55 lakhs)
- Profit Before Tax: ₹1,411.30 lakhs (H1 FY26: ₹1,440.77 lakhs)
- Profit After Tax: ₹1,044.33 lakhs (H1 FY26: ₹1,325.83 lakhs)
- EPS (Basic): ₹2.09 (H1 FY26: ₹2.65)
2. Re-appointment of Mr. Samvid Gupta as Joint Managing Director
The Board approved the re-appointment of Mr. Samvid Gupta (DIN: 05320765) as Joint Managing Director for a further period of five years commencing from February 07, 2027, subject to shareholder approval.
Terms of Re-appointment:
- Eligible for sitting fees for attending meetings
- Eligible to receive performance-linked commission if declared by the Company
- Not entitled to any salary or perquisites
- Office liable to retire by rotation as per Companies Act, 2013
Mr. Samvid Gupta is a promoter and the son of Mr. Prem Kishan Dass Gupta (Chairman and MD) and younger brother of Mr. Ishaan Gupta (Joint MD).
3. Approval of Postal Ballot Notice
The Board approved the Postal Ballot Notice for seeking shareholder approval for the re-appointment of Mr. Samvid Gupta.
Auditor's Qualified Opinion
The statutory auditors, S.R. Batliboi & Co. LLP, issued a qualified conclusion on both standalone and consolidated financial results regarding:
1. Benami Property Proceedings: Advances of ₹866.25 lakhs paid for land acquisition in Jaipur which are under attachment by the Income Tax Department under the Prohibition of Benami Property Transactions Act, 1988. The matter is pending with the Appellate Tribunal, and the auditors are unable to comment on provisions that may be required.
2. SEIS Benefits: Demand orders/notices of ₹18,409.94 lakhs received from Commissioner of Customs and Additional Director General of Foreign Trade challenging SEIS benefits availed for FY2015-16 to FY2018-19. The Company believes it has a good case and has not made any provision.
Other Material Matters Disclosed:
- Arbitration with Concor: Claims raised by Container Corporation of India Limited regarding operations at ICD Garhi. Management believes claims are not sustainable.
- Income Tax Demands: Demands of ₹2,171.65 lakhs for AY 2011-12 to 2014-15 regarding disallowance of Section 80-IA deductions. Under litigation.
- Northern Railways Demand: Demand of ₹678.07 lakhs for land license fees for Garhi. Company has provided ₹307.34 lakhs and is contesting the demand.
- PCW Bank Guarantee: Bank guarantee of ₹181.00 lakhs encashed by Punjab State Container and Warehousing Corporation Limited. Arbitration award in Company's favor, matter pending in court.
- GST Demands: Snowman Logistics received GST demand orders of ₹222.32 lakhs (including interest and penalties), with ₹53.82 lakhs pre-deposited and ₹165.65 lakhs deducted from electronic credit ledger.
- Interim Dividend: First interim dividend of 12.50% (₹1.25 per equity share) aggregating ₹624.56 lakhs declared and paid for FY2026-27.
The Board meeting commenced at 12:05 PM IST and concluded at 1:30 PM IST.