Financial Performance Highlights (Consolidated, ₹ Crore)

| Particulars | H1 FY27 | YoY Growth | H1 FY26 |

| Revenue from Operations | 216.64 | 17.6% | 184.16 |

| EBITDA | 34.40 | 27.7% | 26.95 |

| Profit After Tax | 18.47 | 8.0% | 17.11 |

Note: EBITDA calculation includes Profit before tax + finance costs + depreciation (includes other income), consistent with FY26 presentation methodology. Subsidiaries are included from 20 August 2025.

Operational and Business Highlights

  • Commenced first Green Logistics deployment for UltraTech Cement
  • Secured new contract with JSW group for Green Logistics
  • Expanded geographically across customers and into new business verticals
  • Sustained business momentum despite import uncertainties and crude oil volatility
  • Transportation fleet expected to grow approximately 3x versus March 2026 levels as orders are executed
  • Developed healthy order pipeline of ₹1050 Cr, supporting visibility for future growth
  • Awarded LEAP 2026 award by Ministry of Commerce & Industry, Department for Promotion of Industry & Internal Trade (DPIIT)

Business Segment Analysis (H1 FY27)

Share of H1 FY27 consolidated segment revenue before inter-company elimination (₹230.6 Cr):

  • Cargo Handling (61.1%): Port-bound & intra-port cargo, plant logistics, last mile & Rake handling
  • Shore-Based Assets (26.5%): Earth moving, material & port yard equipment owned in-house
  • Bulk Trading (10.1%): Sourcing & supply of industrial raw materials integrated with logistics
  • Marine & Defence Infrastructure (2.3%): Select EPC and Greenfield projects in marine & defence infrastructure

Key Client Relationships: UltraTech Cement, JSW Group, L&T, IFFCO, JM Baxi Group

Green Logistics Initiative

  • Secured orders for 150 electric vehicles to support green fleet scaling
  • Benefiting from favorable market conditions including fuel-cost exposure, crude volatility, decarbonisation trends, and government support under PM E-DRIVE scheme
  • Building EV ecosystem through engagements with multiple EV OEMs and collaborations with battery-swapping and charging-infrastructure providers
  • Gaining customer traction with established industrial groups including UltraTech Cement and JSW Group
  • Positioned to capitalize on industry transition toward electric industrial freight

Growth Drivers and Future Opportunities

Order Book Strength:

  • ₹1050 Cr order book comprising short and long-term contracts already signed and secured
  • Client relationships include IFFCO, JM Baxi, JSW group, Ultratech cement, Godavari power & Ispat, Ripley, L&T, KBR Logistics

IFFCO & Paradip Port Expansion:

  • Capacity enhancement at IFFCO Paradip facility expected to lift logistics, packaging and material handling requirements
  • Opportunity to expand across transportation, plant logistics and allied activities
  • Paradip Port handled record 156.45 MMT cargo in FY26 with ongoing capacity expansion of 25 MTPA Western Dock (Phase I of 12.5 MTPA in commissioning)