LEAP India (LEAPIND) Q4 25/26 earnings summary

Executive summary

• FY26 consolidated revenue from operations reached ₹7,295.33m and PAT ₹623.41m; reported total income grew 54%, EBITDA 38% and PAT 66% YoY, reflecting higher operating scale.

• Successful CHEP India integration improved fulfilment-centre optimisation, network efficiency, logistics costs and customer reach; the network comprised 14.7m+ assets, 1,000+ customers, 10,000+ touchpoints and 29 fulfilment centres.

Financial highlights

• Consolidated revenue from operations was ₹7,295.33m vs ₹4,664.72m; total income ₹7,473.55m vs ₹4,850.31m; expenses ₹6,665.03m vs ₹4,329.74m.

• Consolidated PBT was ₹808.52m vs ₹520.57m; PAT ₹623.41m vs ₹375.58m; total comprehensive income ₹629.51m vs ₹369.87m.

• Reported consolidated EBITDA was ₹3,788.30m, up 38% from ₹2,737.97m; PAT rose 66% YoY.

• Operating cash flow was ₹2,682.66m vs ₹2,550.20m; investing cash outflow ₹12,948.83m, including ₹3,902.40m for PPE and related assets.

Outlook and guidance

• Strategy prioritises sustainable growth, customer satisfaction, innovation, expanded products and services, inorganic opportunities and international expansion.

• GCC expansion is underway: Saudi subsidiary incorporated; UAE entity planned through LEAP MENA Holdings Limited, incorporated July 1, 2026; international pooling solutions are expected to commence and scale.

• Proposed IPO fresh issue increased to up to ₹4,800m and offer for sale to up to ₹25,000m; completion remains subject to regulatory approvals, market conditions and other requirements.