Q4 FY26 Financial Performance

  • Revenue from operations increased by 42.0% Year-on-Year (YoY) to ₹16,255 lakhs in Q4 FY26, compared to ₹11,451 lakhs in Q4 FY25.
  • Sequentially, revenue grew by 16.9% over Q3 FY26.
  • EBITDA for the quarter stood at ₹168 lakhs, resulting in an EBITDA margin of 1.0%.
  • Profit After Tax (PAT) was ₹222 lakhs, with a PAT margin of 1.4%.
  • Profitability was stated to be impacted by elevated operating costs and prevailing market conditions.

Full Year FY26 Financial Performance

  • Revenue for FY26 was reported at ₹57,282 lakhs, registering a growth of 6.8% over FY25.
  • Full-year EBITDA was ₹2,633.1 lakhs.
  • Full-year Profit After Tax (PAT) was ₹2,151.5 lakhs.

Management Commentary (Mr. Harpreet Singh Malhotra, Chairman & MD)

The commentary highlighted the company's focus on strengthening operational capabilities, customer base, and technology-led logistics initiatives. The company remains focused on operational efficiency, digital transformation initiatives (including FreightJar, TiGreen & Cubox), margin improvement, and strengthening integrated logistics solutions to drive sustainable long-term growth.

Balance Sheet Statement (as of 31st March, ₹ in Lakhs)

Assets

  • Total Assets: 26,262.3 (FY25: 19,569.3)
  • Non-current Assets: 3,845.2 (FY25: 2,259.5)
  • Fixed Assets: 982.2 (FY25: 889.2)
  • Investments: 1,298.6 (FY25: 1,201.9)
  • Trade Receivables: 326.1 (FY25: 72.9)
  • Other Non-current Assets: 1,238.3 (FY25: 95.5)
  • Current Assets: 22,417.1 (FY25: 17,309.8)
  • Trade Receivable: 16,102.8 (FY25: 10,267.6)
  • Other Current Assets: 2,168.8 (FY25: 1,925.9)
  • Cash & Bank Balance: 4,145.5 (FY25: 5,116.3)

Liabilities

  • Total Liabilities: 26,262.3 (FY25: 19,569.3)
  • Shareholders' Fund: 15,998.0 (FY25: 13,830.1)
  • Equity Share Capital: 1,057.3 (FY25: 1,057.2)
  • Other Equity: 14,940.7 (FY25: 12,772.9)
  • Non-current Liabilities: 505.7 (FY25: 476.5)
  • Long Term Borrowing: 49.1 (FY25: 47.0)
  • Other Non-current Liabilities: 465.6 (FY25: 429.5)
  • Current Liabilities: 9,758.6 (FY25: 5,262.6)
  • Short Term Borrowing: 4,979.1 (FY25: 3,354.3)
  • Other Current Liabilities: 4,779.5 (FY25: 1,908.3)

Working Capital & Fixed Assets

Sanctioned Working Capital Limit (Fund-based) as of 31st March 2026 (₹ in Crores)

| Financial Year | SBI | IDBI | ICICI | Kotak |

| FY22 | 16.0| 5.0 | - | 10.0 |

| FY23 | 16.0| 2.0 | - | 10.0 |

| FY24 | 16.5| 2.0 | 10.0 | - |

| FY25 | 16.5| 2.0 | 10.0 | - |

| FY26 | 23.5| 3.5 | 10.0 | - |

Cash Reserve (Net Cash in Hand, ₹ in Crores)

  • FY22: 31.6
  • FY23: 52.4
  • FY24: 41.8
  • FY25: 51.2
  • FY26: 41.5

Fixed Assets (Net Block, ₹ in Crores)

  • FY22: 7.8
  • FY23: 7.5
  • FY24: 8.8
  • FY25: 8.7
  • FY26: 9.6

Corporate Profile & Strategy

  • The company has 26+ years of industry experience and a team of 200+ people.
  • It serves sectors including Automotive, Renewable Energy, Engineering, Textiles, Commodities, Pharmaceuticals, and FMCG.
  • It operates with an asset-light approach model.
  • New business verticals were highlighted:
  • FreightJar: A digital platform for freight management.
  • TiGreen: A strategic division focused on providing 3PL international logistics solutions for the global renewable energy sector (Solar, EVs, Wind, Hydropower). It boasts trade lane expertise, an overseas agent network, and ODC (Out of Dimension Cargo) expertise.
  • Cubox: A business vertical mentioned (details not expanded upon in the provided text).
  • The presentation included context on the Indian logistics sector, estimating it to grow at 8.8% annually to USD 484 billion by 2029.

Disclaimer

The presentation contains standard disclaimers stating it is for informational purposes only, does not constitute an offer to sell securities, and may contain forward-looking statements subject to risks and uncertainties. The company undertakes no obligation to update any forward-looking statements.