Key Financial Highlights (Standalone - ₹ in Crore)

Q1 FY27 Performance:

  • Operating Income: ₹357.02 crore (Q4 FY26: ₹384.58 crore, Q1 FY26: ₹352.69 crore)
  • Total Income: ₹358.92 crore (Q4 FY26: ₹386.96 crore, Q1 FY26: ₹354.27 crore)
  • EBITDA: ₹30.04 crore (Q4 FY26: ₹26.27 crore, Q1 FY26: ₹28.28 crore)
  • PBT: ₹15.38 crore (Q4 FY26: ₹13.25 crore, Q1 FY26: Not provided)
  • Net Profit: ₹11.93 crore (Q4 FY26: ₹10.97 crore, Q1 FY26: ₹12.46 crore)

YoY Changes (Standalone):

  • Operating Income: -7.17% YoY
  • Total Income: -7.25% YoY
  • EBITDA: +14.45% YoY
  • Net Profit: +8.75% YoY

Notes on Standalone Performance:

  • Turnover increased YoY but declined QoQ due to impact of ongoing Middle East conflict
  • EBITDA increased both YoY and QoQ, reflecting improvement in overall operating performance
  • PAT increased overall despite marginal decline primarily due to ₹3.67 crore increase in depreciation expense

Key Financial Highlights (Consolidated - ₹ in Crore)

Q1 FY27 Performance:

  • Total Income: ₹366.79 crore (Q4 FY26: ₹393.92 crore, Q1 FY26: ₹355.69 crore)
  • Operating Income: ₹365.12 crore (Q4 FY26: ₹391.83 crore, Q1 FY26: ₹354.33 crore)
  • EBITDA: ₹21.90 crore (Q4 FY26: ₹19.89 crore, Q1 FY26: ₹25.17 crore)
  • PBT: ₹6.92 crore (Q4 FY26: ₹6.29 crore, Q1 FY26: ₹13.34 crore)
  • Net Profit: ₹3.47 crore (Q4 FY26: ₹4.01 crore, Q1 FY26: ₹8.95 crore)

YoY/QoQ Changes (Consolidated):

  • Total Income: +3.12% YoY, -6.89% QoQ
  • Operating Income: +3.05% YoY, -6.82% QoQ
  • EBITDA: -12.99% YoY, +10.11% QoQ
  • PBT: -48.13% YoY, +10.02% QoQ
  • Net Profit: -61.23% YoY, -13.47% QoQ

Notes on Consolidated Performance:

  • Turnover increased YoY but declined QoQ due to Middle East conflict impact
  • EBITDA increased QoQ but decreased YoY due to ₹6.04 crore increase in employee benefit expenses from scaling TrucksUp's business
  • PAT declined both YoY and QoQ primarily due to increase in depreciation and employee benefit expenses

Operational Highlights Q1 FY27

Business Resilience:

  • Delivered strong performance despite heightened geopolitical uncertainty from Middle East conflict
  • Impact on petrochemical industry (major business portfolio): PSUs either shut down or running at half capacity, private companies at 50-70% capacity
  • Maintained CRISIL A- credit rating

New Contract Awards:

  • Awarded long-term transportation contract in petrochemical sector covering complex multi-location movements
  • Secured multiple new contracts in Steel and Building Materials segments across pan-India operations
  • Secured sizeable transportation mandate in fly ash logistics from leading infrastructure player

Sector Diversification:

  • Robust traction across Steel & Metals, Polymers, Energy, FMCG, Infrastructure, Pharmaceuticals, Allied Industries and Bulk Commodities

Segment Updates

Contract Logistics:

  • Expanded engagement across Polymers, Steel, Infrastructure, Renewable, Electrical, Tyres and Pharmaceuticals
  • Added new marquee customers across FMCG and allied industries
  • Secured long-term transportation mandate in Steel & Metals with nationwide coverage
  • Gained traction in Energy sector through significant new transportation mandates

3PL & Warehousing:

  • Secured multiple warehousing contracts to strengthen 3PL and warehousing network
  • Enhanced capabilities to manage large-scale supply chain requirements for major PSU client

Digital Transformation Initiatives:

  • Strengthened cybersecurity awareness and phishing resilience measures
  • Enhanced application security controls in development and deployment practices
  • Reduced vulnerability exposure across technology environment
  • Strengthened IT security governance and control review

TrucksUp Digital Division Performance (₹ in Crore)

Financial Highlights:

  • Total Income: ₹8.21 crore (Q4 FY26: ₹7.43 crore, Q1 FY26: ₹1.76 crore)
  • Operating Income: ₹8.10 crore (Q4 FY26: ₹7.25 crore, Q1 FY26: ₹1.63 crore)
  • YoY Growth: Total Income +366.48%, Operating Income +396.93%
  • QoQ Growth: Total Income +10.50%, Operating Income +11.72%

Business Highlights:

  • Strong growth in platform adoption, FASTag throughput, and AI-led load-matching capabilities
  • Expanded enterprise partnerships with Adroit and Lawyered
  • Focus on financial services including FASTag, fuel cards, and insurance

FASTag Services:

  • Issued 16,426 FASTags during Q1 FY27
  • FASTag GMV crossed ₹68.64+ crore
  • Fully digital end-to-end process for FASTag management

Fuel Card Services:

  • Cumulatively issued 4,610 fuel cards
  • Onboarded more than 12,000 customers onto digital fuel payment systems
  • Fuel card GMV reached ₹12 crore

Load Board Services:

  • Generated ₹1.33 crore in transaction value
  • Services vertical contributed additional ₹4.41 lakh
  • Active across 17,000+ PIN codes nationwide
  • Covers metro cities, tier-2, tier-3 markets, and rural logistics clusters

Management Commentary

Mr. Man Mohan Pal Singh Chadha, Chairman, commented on the performance:

  • Highlighted resilience, agility and strength of business model despite challenging global environment
  • Emphasized disciplined execution, operational excellence and customer-centric growth
  • Noted continued expansion across Steel & Metals, Infrastructure, Energy, Polymers, FMCG, Pharmaceuticals
  • Prioritized deepening customer partnerships, expanding sectoral/geographic presence, enhancing operational productivity
  • Focused on building technology-enabled, future-ready logistics platform

Forward-looking Statements

The document contains forward-looking statements subject to risks and uncertainties. The company undertakes no obligation to update such statements publicly.