Summary of Key Information:

Reporting Period: Quarter and Half Year Ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results

Audit Opinion:

Clean opinion with no qualifications. The limited review reports from statutory auditors Viren Gandhi & Co found no material misstatements in both standalone and consolidated financial results.

Key Financial Highlights [INR in Crores]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: INR 202.60 (vs INR 113.84 in Q2 FY26 - 78% increase YoY)
  • Total Income: INR 203.86
  • EBITDA: Not explicitly disclosed
  • Net Profit: INR 8.57 (vs INR 3.87 in Q2 FY26 - 121% increase YoY)
  • EPS: INR 2.15 (not annualized)
  • Other Equity: INR 187.06
  • Cash and Cash Equivalents: INR 27.84
  • Debt: Non-current borrowings INR 20.72, Current borrowings INR 0.54

Half Year Ended September 30, 2026:

  • Revenue from Operations: INR 395.95 (vs INR 208.27 in H1 FY26 - 90% increase YoY)
  • Total Income: INR 399.13
  • Net Profit: INR 15.64 (vs INR 8.87 in H1 FY26 - 76% increase YoY)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Profit before tax: INR 21.61
  • Includes share of net profit after tax from associates: INR 0.20

Half Year Ended September 30, 2026:

  • Includes share of net profit after tax from associates: INR 0.40

Segment-wise Performance:

The company operates as a single segment - Third-Party Logistics Provider. No reportable business segments in accordance with Ind AS 108 - Operating Segments.

Corporate Actions:

No dividends, share splits, bonus issues, buybacks, or capital structure changes announced in this meeting.

Other Significant Information:

IPO Proceeds Utilization (INR in Crores):

  • Funding of capital expenditure requirements: INR 17.15 utilized (vs INR 17.16 allocated)
  • General Corporate purposes: INR 4.52 utilized (vs INR 4.52 allocated)
  • Net Issue Proceeds: INR 21.67
  • Offer related expenses: INR 2.77
  • Gross Issue Proceeds: INR 24.44

Associates Included in Consolidation:

1. Arha Warehousing and Translift Private Limited

2. Oscar Freight Private Limited

Standalone Balance Sheet Position (as of September 30, 2026):

  • Total Assets: INR 456.50 Crores
  • Total Equity: INR 220.74 Crores
  • Property, plant and equipment: INR 128.63 Crores
  • Trade receivables: INR 172.83 Crores