Board Meeting Details
The Board of Directors meeting was held on Friday, November 06, 2026, commencing at 2:30 PM and concluding at 4:15 PM.
Key Decisions Approved
1. Unaudited Standalone Financial Results: Approved the unaudited standalone financial results for the half year ended September 30, 2026, along with the Limited Review Report (Annexure I).
2. Unaudited Consolidated Financial Results: Approved the unaudited consolidated financial results for the half year ended September 30, 2026, along with the Limited Review Report (Annexure II).
3. Subsidiary Incorporation: Approved the incorporation of a subsidiary in UAE (Dubai) and investment in its share capital. Details provided as per Regulation 30 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 (Annexure III).
Unaudited Standalone Financial Results (Half Year Ended September 30, 2026)
Financial Performance
- Revenue from operations: ₹11,496.22 lakh (H1 FY26: ₹10,729.24 lakh; FY26: ₹20,785.90 lakh)
- Other income: ₹206.52 lakh (H1 FY26: ₹101.64 lakh; FY26: ₹316.10 lakh)
- Total Income: ₹11,702.74 lakh (H1 FY26: ₹10,830.88 lakh; FY26: ₹21,102.00 lakh)
- Cost of services: ₹10,208.15 lakh (H1 FY26: ₹9,773.76 lakh; FY26: ₹18,661.00 lakh)
- Employee benefits expense: ₹306.16 lakh (H1 FY26: ₹206.20 lakh; FY26: ₹474.82 lakh)
- Finance cost: ₹0.78 lakh (H1 FY26: ₹7.88 lakh; FY26: ₹17.89 lakh)
- Depreciation and amortization cost: ₹7.08 lakh (H1 FY26: ₹7.74 lakh; FY26: ₹14.80 lakh)
- Other expenses: ₹292.09 lakh (H1 FY26: ₹228.41 lakh; FY26: ₹565.35 lakh)
- Total Expenses: ₹10,814.26 lakh (H1 FY26: ₹10,223.99 lakh; FY26: ₹19,733.86 lakh)
- Profit before tax: ₹888.48 lakh (H1 FY26: ₹606.89 lakh; FY26: ₹1,368.14 lakh)
- Tax expense:
- Current tax: ₹223.61 lakh (H1 FY26: ₹153.86 lakh; FY26: ₹346.53 lakh)
- Deferred tax: (₹1.14) lakh (H1 FY26: (₹1.10) lakh; FY26: (₹2.17) lakh)
- Profit for the period: ₹666.01 lakh (H1 FY26: ₹454.13 lakh; FY26: ₹1,023.78 lakh)
- Earnings per share (face value ₹10):
- Basic: ₹4.61 (H1 FY26: ₹4.31; FY26: ₹9.71)
- Diluted: ₹4.61 (H1 FY26: ₹4.31; FY26: ₹9.71)
Financial Position (As at September 30, 2026)
- Share capital: ₹1,444.27 lakh (unchanged from March 31, 2026)
- Reserves & surplus: ₹4,452.01 lakh (March 31, 2026: ₹3,785.99 lakh)
- Total equity and liabilities: ₹8,610.27 lakh (March 31, 2026: ₹6,723.52 lakh)
- Property, plant and equipment: ₹66.97 lakh (March 31, 2026: ₹69.23 lakh)
- Non-current investments: ₹263.03 lakh (March 31, 2026: ₹19.83 lakh)
- Trade receivables: ₹4,346.26 lakh (March 31, 2026: ₹3,255.96 lakh)
- Cash and cash equivalents: ₹300.98 lakh (March 31, 2026: ₹1,539.63 lakh)
- Current investments: ₹745.37 lakh (March 31, 2026: ₹0)
Standalone Cash Flow (Half Year Ended September 30, 2026)
- Net cash flow from operating activities: (₹199.82) lakh (FY26: (₹1,120.80) lakh)
- Net cash flow from investing activities: (₹1,032.81) lakh (FY26: (₹11.46) lakh)
- Net cash flow from financing activities: (₹6.02) lakh (FY26: ₹2,443.11 lakh)
- Net decrease in cash and cash equivalents: (₹1,238.65) lakh (FY26: ₹1,310.85 lakh)
- Cash and cash equivalents at end: ₹300.98 lakh (March 31, 2026: ₹1,539.63 lakh)
Unaudited Consolidated Financial Results (Half Year Ended September 30, 2026)
Financial Performance
- Revenue from operations: ₹12,489.92 lakh
- Other income: ₹206.52 lakh
- Total Income: ₹12,696.44 lakh
- Cost of services: ₹11,164.22 lakh
- Employee benefits expense: ₹306.16 lakh
- Finance cost: ₹1.15 lakh
- Depreciation and amortization cost: ₹7.08 lakh
- Other expenses: ₹294.04 lakh
- Total Expenses: ₹11,772.64 lakh
- Profit before tax: ₹923.80 lakh
- Tax expense:
- Current tax: ₹226.53 lakh
- Deferred tax: (₹1.14) lakh
- Profit for the period: ₹698.41 lakh
- Earnings per share (face value ₹10):
- Basic: ₹4.84
- Diluted: ₹4.84
Financial Position (As at September 30, 2026)
- Share capital: ₹1,444.27 lakh
- Reserves & surplus: ₹4,485.12 lakh
- Total equity and liabilities: ₹9,365.41 lakh
- Property, plant and equipment: ₹66.97 lakh
- Non-current investments: ₹141.33 lakh
- Trade receivables: ₹5,209.04 lakh
- Cash and cash equivalents: ₹315.04 lakh
Subsidiary Information
- Universal Logistics HK Limited: Wholly-owned foreign subsidiary incorporated in Hong Kong on July 2, 2026
- Subsidiary financials for H1 FY27:
- Total revenue: ₹993.74 lakh
- Net profit after tax: ₹32.44 lakh
- Net cash inflow: ₹14.05 lakh
UAE Subsidiary Incorporation Details
- Name of target entity: GOL MIDDLE EAST LOGISTICS L.L.C (proposed)
- Industry: Logistics, Freight Forwarding, Supply Chain Management and allied services
- Objects: To expand international presence and explore business opportunities in Dubai and nearby countries
- Approvals required: Incorporation subject to approval/registration with competent authority in Dubai; compliance with Foreign Exchange Management (Overseas Investment) Rules 2022
- Investment amount: To be decided based on capital requirements and applicable UAE laws
- Financial impact: Expected to support long-term growth and international business expansion
- Background: Entity is proposed to be incorporated in Dubai as a subsidiary
Additional Information
- The company is engaged in freight forwarding services via Ocean, Air, Road/Rail and other ancillary services
- The company falls within a single business segment
- The company is not a Large Corporate as per SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018
- The company is exempt from compulsory adoption of IND-AS as per MCA Notification No: G.S.R. 111 (E) dated February 16, 2015
- EPS has been calculated on weighted average basis for shares outstanding and has not been annualized
- Previous figures have been regrouped/reclassified wherever necessary