Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results
Audit Opinion:
Clean - Limited Review Report with no modifications or qualifications
Key Financial Highlights [Amounts in ₹ Millions]:
Standalone Results:
Revenue from Operations: ₹4,648.75 (Q1 FY27) vs ₹4,158.18 (Q1 FY26) - 11.8% YoY increase
Total Income: ₹4,683.87 (Q1 FY27) vs ₹4,199.87 (Q1 FY26)
Net Profit: ₹86.91 (Q1 FY27) vs ₹107.84 (Q1 FY26) - 19.4% YoY decrease
EPS: ₹0.85 (Basic and Diluted) vs ₹1.06 (Q1 FY26)
Other Equity: Not specified for current quarter
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed
Consolidated Results:
Revenue from Operations: ₹4,648.75 (Q1 FY27) vs ₹4,158.18 (Q1 FY26)
Total Income: ₹4,683.87 (Q1 FY27) vs ₹4,199.87 (Q1 FY26)
Net Profit: ₹86.92 (Q1 FY27) vs ₹107.85 (Q1 FY26)
EPS: ₹0.85 (Basic and Diluted) vs ₹1.06 (Q1 FY26)
Other Equity: ₹8,159.91 (as of March 31, 2026)
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed
Segment-wise Performance:
The Company operates as a single operating segment in logistics and allied services. No separate segment information provided as the Board of Directors (CODM) reviews performance as a single segment.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.
Other Significant Information:
IPO Proceeds Utilization:
The company completed its IPO on September 20, 2024, raising ₹4,000 million through fresh issue and ₹928.80 million through offer for sale (total ₹4,928.80 million).
Net IPO proceeds (after expenses): ₹3,629.38 million
Utilization as of June 30, 2026:
- Debt repayment: ₹1,635.00 million (100% utilized as planned)
- Capital expenditure: ₹642.70 million utilized out of ₹1,517.10 million allocated (₹874.40 million unutilized)
- General corporate purposes: ₹477.28 million (100% utilized)
Total utilized: ₹2,754.98 million
Unutilized amount: ₹874.40 million temporarily invested in fixed deposits with scheduled commercial banks
No deviation/variation in fund utilization reported. Monitoring agency: CRISIL Ratings Limited.
Associates Included in Consolidation:
1. F. M Carriers Private Limited (Associate)
2. Success Suppliers Private Limited (Associate)
3. SM P Properties Private Limited (Associate)
Share of profit from associates: ₹0.01 million for Q1 FY27
Entities:
Statutory Auditors: M/s. D C Dharewa & Co., Chartered Accountants (FRN: 322617E)
Company Secretary & Compliance Officer: Sapna Kochar (ICSI Mem. No.: A56298)
Chairman & Managing Director: Rajendra Sethia (DIN: 00267974)