LEAP India Limited announced its Q2 FY27 financial results, showcasing a robust performance with total income reaching INR2,159 million, a 23% increase year-on-year. The company’s EBITDA grew by 25% to INR1,097 million, with a margin of 50.8%. Key highlights include strategic acquisitions of Vimprotech and TIPS, strengthening its manufacturing and pooling capabilities. The company also saw a 62% rise in PAT to INR178 million.
LEAP India Limited Reports Strong Q2 FY27 Performance
LEAP India Limited has announced its financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2027 (FY27). The company demonstrated significant growth across key financial metrics, driven by increased asset utilization and strategic initiatives.
Q2 FY27 Financial Highlights
For the second quarter ended October 27, 2026, LEAP India reported a total income of INR2,159 million, marking a substantial 23% year-on-year growth. The asset pooling income contributed INR1,759 million, up by 19%, while the Material Handling Equipment (MHE) income saw a significant surge of 52%, reaching INR393 million.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter stood at INR1,097 million, an increase of 25% compared to the previous year. The EBITDA margin was reported at 50.8%, up by 91 basis points, attributed to higher income, cost optimization, and network synergies.
The company posted a Profit After Tax (PAT) of INR178 million, reflecting a growth of 62% year-on-year, with a PAT margin of 8.2%. Cash PAT saw a rise of 26% to INR754 million.
H1 FY27 Performance
In the first half of FY27, LEAP India’s total income reached INR4,294 million, up by 26% year-on-year. EBITDA for H1 FY27 was INR2,239 million, an increase of 23% with a margin of 52.1%. PAT for the first half grew by 42% to INR425 million, while Cash PAT increased by 25% to INR1,566 million.
Strategic Acquisitions and Business Overview
A key development during the quarter was the announcement of the acquisition of Vimprotech and TIPS for an equity value of INR142 crore. Vimprotech, a plastic manufacturing company, will enhance LEAP India’s in-house design and production capabilities. TIPS, a crate and tray pooling business, particularly strong in the automotive sector, will strengthen LEAP’s container pooling position.
Sunu Mathew, Chairman, Managing Director, and CEO, highlighted that LEAP India is the largest on-demand asset pooling company in India, managing a pool of 15.5 million assets valued at over INR1,820 crore. The company serves over 1,100 customers across 11,000 touchpoints through 27 fulfillment centers.
The company also mentioned an upgrade in its long-term rating to A+ from India Ratings and Research, which is expected to optimize borrowing costs.
Future Outlook
LEAP India aims to deepen penetration with existing customers, cross-sell across its offerings (pallets, containers, MHE), open new industries, and build its GCC business. The company is focused on scaling the pool, keeping assets productive, and translating operating growth into stronger capital efficiency with a strengthened balance sheet and broader platform.
The company anticipates a continued focus on growth, with plans for further acquisitions and mergers as a key strategy for the next five years.
Source: BSE
