Key Quantitative Figures

Standalone Financial Results (Quarter Ended September 30, 2026):

  • Revenue from operations: ₹1,732.46 million
  • Other income: ₹71.28 million
  • Total income: ₹1,803.74 million
  • Profit before tax: ₹241.89 million
  • Tax expense: ₹61.32 million
  • Profit for the period: ₹180.57 million
  • Basic EPS: ₹0.43
  • Diluted EPS: ₹0.43

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

  • Revenue from operations: ₹3,420.59 million
  • Other income: ₹195.98 million
  • Total income: ₹3,616.57 million
  • Profit before tax: ₹568.30 million
  • Tax expense: ₹143.03 million
  • Profit for the period: ₹425.27 million
  • Basic EPS: ₹1.01
  • Diluted EPS: ₹1.01

Consolidated Financial Results (Quarter Ended September 30, 2026):

  • Revenue from operations: ₹2,111.89 million
  • Other income: ₹47.36 million
  • Total income: ₹2,159.25 million
  • Profit before tax: ₹238.50 million
  • Tax expense: ₹60.46 million
  • Profit for the period: ₹178.04 million
  • Basic EPS: ₹0.43
  • Diluted EPS: ₹0.42

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

  • Revenue from operations: ₹4,146.02 million
  • Other income: ₹147.62 million
  • Total income: ₹4,293.64 million
  • Profit before tax: ₹568.43 million
  • Tax expense: ₹143.06 million
  • Profit for the period: ₹425.37 million
  • Basic EPS: ₹1.02
  • Diluted EPS: ₹1.01

Dates of Action

  • Board Meeting Date: October 26, 2026 (5:00 PM to 6:30 PM)
  • Financial Period: Quarter and Half Year ended September 30, 2026
  • IPO Completion Date: August 14, 2026
  • Listing Date: August 14, 2026

Parties Involved

  • Statutory Auditor: Walker Chandiok & Co LLP (Firm Registration No: 001076N/N500013)
  • Review Partner: Anamitra Das (Membership No.: 062191)
  • Proposed Secretarial Auditor: M/s. Reema Tayshete & Associates (Firm Registration Number: S2026MH1093500)
  • Promoters: Mr. Sunu P. Mathew and Vertical Holdings II Pte. Ltd.

Board Approvals

1. Unaudited Financial Results: Approved standalone and consolidated financial results for quarter and half year ended September 30, 2026, along with Limited Review Reports of Statutory Auditor.

2. Capital Reclassification: Approved re-classification of Authorised Share Capital from ₹1,265.07 crore comprising Equity Shares, various series of Compulsorily Convertible Preference Shares and Optionally Convertible Redeemable Preference Shares to ₹1,265.07 crore divided into 1,265,066,676 Equity Shares of face value of ₹1 each. Subject to shareholder approval.

3. AOA Alteration: Approved alteration of Articles of Association by inserting new Articles 52A to 52G incorporating provisions conferring special rights on Promoters, including right to nominate Directors on the Board and its Committees, and deletion of entire Part B. Subject to shareholder approval and Regulation 31B of SEBI Listing Regulations.

4. Secretarial Auditor Appointment: Approved appointment of M/s. Reema Tayshete & Associates as Secretarial Auditor for 5 consecutive financial years from FY 2026-27 to FY 2030-31. Subject to shareholder approval.

5. ESOP Scheme Amendment: Approved amendment of pre-IPO Employee Stock Option Schemes (ESOP Plan A - 2019 and ESOP Plan B - 2022) upon listing, in uniformity with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Subject to shareholder ratification.

IPO Details

  • Completed Initial Public Offer of 155,974,840 equity shares of face value of ₹1 each at issue price of ₹159 per share
  • Fresh issue: 30,188,678 equity shares aggregating ₹4,800 million
  • Offer for sale: 125,786,162 equity shares aggregating ₹20,000 million
  • Listed on NSE and BSE on August 14, 2026

IPO Proceeds Utilization (as of September 30, 2026)

  • Prepayment/repayment of borrowings: ₹3,596.10 million out of ₹3,600.00 million planned
  • General corporate purposes: ₹316.04 million out of ₹982.86 million planned
  • Issue related expenses: ₹83.64 million out of ₹217.14 million planned
  • Total utilized: ₹3,995.77 million out of ₹4,800.00 million
  • Unutilized amount: ₹804.23 million

Subsidiary Information

Entities included in consolidated results:

1. Taron Material Handling Equipments Private Limited

2. LEAP GULF Company (w.e.f. December 3, 2025)

3. LEAP MENA Holdings Limited (UAE) (w.e.f. July 1, 2026)

4. LEAP Pallet Pooling Trading LLC (UAE) (w.e.f. August 21, 2026)

New Subsidiaries Incorporated (Post September 30, 2026):

  • Vimprotech Private Limited (October 1, 2026)
  • Total Integrated Packaging Solutions Limited (October 5, 2026)

Capital Structure Impact

  • Paid-up equity share capital increased from ₹120.73 million to ₹440.54 million post-IPO
  • Conversion of Compulsory Convertible Preference Shares (CCPS) into equity shares aggregating ₹289.62 million during the period
  • Significant increase in cash and cash equivalents from ₹54.35 million to ₹1,739.64 million (standalone)

Cash Flow Implications

  • Net cash generated from operating activities: ₹3,014.80 million (standalone)
  • Net cash used in investing activities: ₹1,959.76 million (standalone)
  • Net cash generated from financing activities: ₹630.25 million (standalone)
  • Significant cash outflow for purchase of property, plant and equipment: ₹2,263.12 million (standalone)

Financial Impact Statements

  • Exceptional item: Prepayment charges on long term borrowings/Non-Convertible Debentures of ₹68.49 million recorded in current quarter
  • Tax impact: Current tax nil for current period; Deferred tax expense of ₹61.32 million for quarter
  • Segment reporting: Company constitutes a single primary segment (pooling of assets services) with no separate geographical segments

Notes and Qualifications

  • Financial results for quarter and half year ended September 30, 2025 have not been subjected to limited review or audit
  • Figures for previous periods have been regrouped/reclassified where necessary
  • Financial results prepared in accordance with Ind AS 34 and SEBI Listing Regulations
  • Limited review conducted by Walker Chandiok & Co LLP