LEAP India (LEAPIND) investor relations material

Executive summary

• Q1 FY27 total income rose 19% YoY to ₹2,134.39 million, EBITDA increased 21% to ₹1,141 million and PAT grew 30% to ₹247.33 million.

• The pooling platform managed 14.9 million assets, served 1,000+ customers across 38+ sectors and held ~90% of India’s pooled-pallet market.

• IPO proceeds strengthened the balance sheet; shares listed on NSE and BSE on 14 August 2026 after ₹24,800 million was raised.

• Growth priorities include movement hire, customer deepening, cross-selling, new industries and disciplined GCC expansion.

Financial highlights

• Consolidated revenue from operations was ₹2,034.13 million and total income was ₹2,134.39 million; EBITDA was ₹1,141 million at a 53.5% margin.

• Consolidated net profit was ₹247.33 million versus ₹189.86 million in Q1 FY26; cash PAT reached ₹812 million, up 23% YoY.

• Q1 segment revenue: pallets ₹1,273 million (+18% YoY), containers ₹348 million (+29%), MHE ₹413 million (+13%) and others ₹100 million (+9%).

• Transportation cost fell to 10% of revenue from 11%, and repair cost to 4.7% from 6%; warehouse cost rose 7% after a one-time settlement to close three warehouses.

Outlook and guidance

• FY27 revenue growth target is 20%+ YoY, with EBITDA growth expected to exceed revenue growth; management cited a historical 47%-56% EBITDA margin range and potential 100-200 bps improvement over time.

• FY27 net pallet additions target is ~850,000; 800,000-900,000 pallets are expected to enter the pooling model, with Movement Hire volume of ~3.7 million pallets.

• GCC expansion could contribute INR 150-200 crore in three years, subject to regional conflict stabilization and business launch.

• Q2-Q4 are expected to be seasonally stronger; Q4 typically contributes 29% of annual business, while Q1 beverage demand benefited from shifted seasonality.