Company Overview
Last Mile Enterprises Limited (formerly Trans Financial Resources Limited) reported significant financial results for FY 2025-26, showing dramatic revenue growth alongside strategic corporate actions and subsidiary expansions.
Financial Performance Highlights
Consolidated Results: Revenue from operations surged 571% to ₹25,924.20 crore (FY25: ₹3,866.58 crore), while profit after tax declined 22% to ₹15.70 crore (FY25: ₹18.00 crore). Profit attributable to owners stood at ₹12.02 crore with basic EPS of ₹0.34.
Standalone Results: Total income was ₹21.36 crore (FY25: ₹44.76 crore) with profit after tax of ₹6.36 crore (FY25: ₹10.59 crore). Key ratios showed operating profit margin improving to 68.18% and net profit margin at 53.49%.
Corporate Actions & Capital Structure
The company executed multiple warrant conversions totaling 5,067,650 shares during FY26 and completed a 10:1 stock split, reducing face value from ₹10 to ₹1 per share. The board recommended a final dividend of 2% (₹0.02 per share) for FY26, subject to shareholder approval at the upcoming AGM.
Subsidiary Expansion & Investments
The company expanded its portfolio by acquiring 51% stakes in Agrimile Solutions Private Limited (September 2025) and Last Mile Energy Private Limited (February 2026). Total consolidated assets stood at ₹53,276.07 crore with significant investments in subsidiaries, real estate projects, and debentures.
Governance & Director Changes
The 31st Annual General Meeting is scheduled for September 30, 2026, to approve financial statements, declare dividend, and address director appointments. Key changes include reappointment of Amit Gulati as Independent Director and appointment of Shobha Bharti as new Independent Director, while Mrs. Bharti Hasmukhbhai Sharma completed her second term.
Regulatory Compliance & Challenges
The company faced delays in filing various forms with ROC for subsidiary companies and has contingent liabilities including disputed GST matters with Tamilnadu (₹11,895.92 lakh) and Income Tax Department (₹15.67 lakh). CSR expenditure of ₹15 lakh met the required obligation.
Segment Performance & Market Position
The company operates primarily in two segments: Real Estates & Related Services (₹1,189.82 lakh revenue) and Mobile Accessories & Consumer Electronics (₹25,805.22 lakh revenue). The shareholding pattern shows promoters holding 25.32%, body corporate 26.66%, and FPIs 14.17%, with all shares in dematerialized form.
Audit & Financial Controls
Financial statements were audited by M/S. H S K & CO LLP, with secretarial audit by M/S. A. SHAH & ASSOCIATES. The company maintained strong liquidity with current ratio of 3.76 (consolidated) and 6.27 (standalone), while debt-equity ratio remained low at 0.06.