Amiable Logistics (India) Limited (AMIABLE)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Amiable Logistics' revenue was ₹10.4 Cr (+14.5% year on year, +22.1% on the previous half-year), and net profit ₹0.5 Cr (+370.0% year on year); the operating margin was 3.1%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹10.4 | +14.5% | +22.1% |
| Operating profit | ₹0.3 | from loss | +300.0% |
| Net profit | ₹0.5 | +370.0% | -4.1% |
| EPS (₹) | 2.69 | +371.9% | -3.9% |
| Operating margin | 3.1% | — | — |
📢 Recent Corporate Announcements
Amiable Logistics (India) Limited submitted its Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026. The total issued and listed capital stands unchanged at 17,48,200 equity shares of face value Rs 10 each. The report confirms that 100% of the company's equity shares are in dematerialized form, with 91.94% held in CDSL and 8.06% in NSDL. There were zero pending demat requests and no discrepancies reported during the period.
- Total issued and listed capital maintained at 17,48,200 equity shares of Rs 10 face value.
- 100% dematerialization achieved: 16,07,400 shares (91.94%) with CDSL and 1,40,800 shares (8.06%) with NSDL.
- Zero physical shares held and zero dematerialization requests delayed beyond 21 days.
Amiable Logistics (India) Limited submitted its Structured Digital Database (SDD) Compliance Certificate for the period ended September 30, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations. The certificate issued by Practicing Company Secretary K.C. Suthar confirms the company captured both (02) required Unpublished Price Sensitive Information (UPSI) events during the half-year. No non-compliance was observed, and no remedial actions were required. The submission is a standard regulatory filing and does not impact business operations or revenue.
- Confirmed capture of 2 required UPSI events during the half-year ended September 30, 2026
- Issued by Practicing Company Secretary K. C. Suthar under SEBI PIT Regulations 3(5) and 3(6)
- Database verified as non-tamperable with audit trail retention capability of 8 years
- Zero non-compliance observed and no remedial actions needed
Amiable Logistics announced the results and Scrutinizer's Report for its 24th Annual General Meeting held on September 29, 2026. All three ordinary resolutions, including the adoption of FY26 financial statements and the re-appointment of directors, were passed with 100% approval of the votes polled. A total of 12,47,376 votes were polled, representing 71.35% of total outstanding shares (17,48,200 shares). The meeting saw minimal public non-institutional participation, with only 8,000 public non-institutional votes cast (1.57% turnout for that category).
- All 3 ordinary resolutions approved with 100% of votes cast in favor and 0 votes against
- Total votes polled stood at 12,47,376 out of 17,48,200 outstanding shares (71.35% voter turnout)
- Promoter group polled 12,39,376 shares, accounting for 99.36% of all votes cast
- Public non-institutional turnout was low at 1.57% (8,000 votes cast out of 5,08,800 shares)
- Re-appointed Lalit Mange as Chairman & MD and Mohanlal Nanda as Executive Non-Independent Director
Amiable Logistics (India) Limited held its 24th Annual General Meeting on September 29, 2026, through video conferencing. A total of 9 members representing 12,37,800 equity shares were present at the meeting. Key ordinary resolutions placed for approval included adopting the audited standalone financial statements for FY26, re-appointing retiring Director Mohanlal Nanda, and re-appointing Lalit Mange as Chairman and Managing Director. Official e-voting results are scheduled to be disclosed within 48 hours.
- 24th AGM held on September 29, 2026, from 02:00 PM to 02:10 PM
- 9 members representing 12,37,800 equity shares attended via video conference
- Remote e-voting was held from September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
- Three ordinary resolutions presented, including the adoption of FY26 financials and re-appointment of CMD Lalit Mange
- Scrutinizer's final voting report to be submitted within 48 hours of meeting closure
Amiable Logistics (India) Limited held its 24th Annual General Meeting on September 29, 2026, through video conferencing. A total of 9 members representing 12,37,800 equity shares were present at the meeting. Key ordinary resolutions placed for approval included adopting the audited standalone financial statements for FY26, re-appointing retiring Director Mohanlal Nanda, and re-appointing Lalit Mange as Chairman and Managing Director. Official e-voting results are scheduled to be disclosed within 48 hours.
- 24th AGM held on September 29, 2026, from 02:00 PM to 02:10 PM
- 9 members representing 12,37,800 equity shares attended via video conference
- Remote e-voting was held from September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
- Three ordinary resolutions presented, including the adoption of FY26 financials and re-appointment of CMD Lalit Mange
- Scrutinizer's final voting report to be submitted within 48 hours of meeting closure
Amiable Logistics (India) Limited has scheduled its 24th Annual General Meeting (AGM) for Tuesday, September 29, 2026, at 02:00 PM IST via video conferencing. The company has fixed September 22, 2026, as the record date to determine shareholder eligibility for remote e-voting. Remote e-voting will commence on September 25, 2026, at 09:00 AM and conclude on September 28, 2026, at 05:00 PM.
- 24th AGM scheduled for September 29, 2026, at 02:00 PM via video conferencing
- Record date for e-voting eligibility fixed as September 22, 2026
- Remote e-voting window runs from September 25, 2026 (09:00 AM) to September 28, 2026 (05:00 PM)
Amiable Logistics (India) Limited has issued the notice for its 24th Annual General Meeting (AGM) to be held via video conferencing on September 29, 2026. The meeting will address the adoption of FY26 audited financial statements and the retirement by rotation of Executive Director Mr. Mohanlal Nanda. Crucially, shareholder approval is sought for the re-appointment of promoter Mr. Lalit Mange as Chairman & Managing Director for a 5-year term from November 10, 2026, to November 9, 2031.
- 24th AGM scheduled for September 29, 2026, at 02:00 PM IST via Video Conferencing
- Proposed 5-year re-appointment of CMD Mr. Lalit Mange from November 10, 2026, to November 9, 2031
- Proposed re-appointment of Executive Director Mr. Mohanlal Nanda, retiring by rotation
- Questions from members to be submitted on or before September 22, 2026
Amiable Logistics (India) Limited approved holding its 24th Annual General Meeting (AGM) on September 29, 2026, via Video Conferencing. The Board approved the re-appointment of promoter Mr. Lalit L. Mange as Chairman & Managing Director for a 5-year term starting November 10, 2026, subject to shareholder approval. Additionally, Mrs. Pooja Saroj Tripathi was appointed as Internal Auditor for FY 2026-27, and September 22, 2026, was fixed as the cut-off date for e-voting.
- 24th AGM scheduled for Tuesday, September 29, 2026 at 2:00 PM via VC/OAVM
- Cut-off date for remote e-voting fixed as September 22, 2026
- Remote e-voting window open from September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
- Re-appointment of promoter Lalit L. Mange as CMD for 5 years effective November 10, 2026
- Appointment of Mrs. Pooja Saroj Tripathi as Internal Auditor for FY 2026-27 effective August 27, 2026
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, Logistics, which recorded revenue from operations of INR 22.53 Cr in FY 2024-25, representing a 6.68% decline from INR 24.40 Cr in the previous year.
Profitability Margins
Operating Profit Margin declined from 18.92% to 16.01% YoY. Net Profit Margin decreased from 5.49% to 3.47% YoY, reflecting a significant compression in profitability due to rising operational costs.
EBITDA Margin
Not explicitly disclosed, but the Net Profit Margin fell by 202 basis points to 3.47%, and total net profit decreased by 41.74% YoY to INR 0.78 Cr.
Capital Expenditure
The company reported NIL capital investment on energy conservation equipment and NIL investment in technology absorption for the financial year 2024-25.
Credit Rating & Borrowing
Not disclosed; however, the Interest Coverage Ratio declined from 8.19 to 5.79, and the Debt Equity Ratio improved from 0.66 to 0.42.
Operational Drivers
Raw Materials
As a service industry provider, the primary operational inputs are transportation fuel (Diesel/Petrol) and labor (Heavy Goods Vehicle drivers).
Capacity Expansion
Not applicable for the service industry; however, the company maintains a workforce of 56 permanent employees, which fluctuates based on the projects in hand.
Raw Material Costs
Not applicable as a service entity, but increasing transportation costs are identified as a primary threat to operational margins.
Manufacturing Efficiency
Not applicable; however, the company monitors operating effectiveness and efficiency across four key areas including financial reporting and asset protection.
Logistics & Distribution
Distribution costs are impacted by increasing transportation expenses and driver shortages, though specific percentage of revenue is not disclosed.
Strategic Growth
Growth Strategy
Growth is targeted through extended warehouse management, servicing e-commerce operators, and last-mile delivery. The company aims to leverage technological advancements and a favorable tax environment for SMEs to improve performance.
Products & Services
Logistics services, including freight forwarding, extended warehouse management, and last-mile delivery.
Brand Portfolio
AMIable Logistics (India) Limited.
New Products/Services
Extended warehouse management and last-mile delivery services are identified as key growth opportunities.
External Factors
Industry Trends
The logistics industry is growing rapidly and promoting economic development, but faces challenges related to energy consumption, environmental pollution, and urban traffic congestion.
Competitive Landscape
The company operates on the SME Emerge Platform of NSE, facing competition in the logistics and e-commerce delivery segments.
Competitive Moat
The moat is built on a strong foundation of values, systems, and highly skilled labor. Sustainability is maintained through rigorous internal financial controls and risk-mitigating techniques.
Macro Economic Sensitivity
The company is sensitive to economic development trends as logistics scale expansion is directly linked to national economic growth.
Consumer Behavior
Increasing demand for e-commerce and last-mile delivery services is driving the need for better shipment visibility and tracking.
Regulatory & Governance
Industry Regulations
Compliance with the Companies Act 2013 and SEBI (LODR) Regulations 2015. CSR and cost record maintenance are currently not applicable.
Environmental Compliance
Logistics operations are noted to contribute to energy consumption and pollution, but the company has not yet invested in energy conservation equipment.
Taxation Policy Impact
The company benefits from a favorable tax environment for SMEs.
Legal Contingencies
No significant or material orders were passed by regulators, courts, or tribunals during FY 2024-25. No proceedings are pending under the Insolvency and Bankruptcy Code.
Risk Analysis
Key Uncertainties
Primary uncertainties include the volatility of transportation costs and the availability of heavy goods vehicle drivers, which could impact margins by up to 41.74% as seen in the recent net profit decline.
Third Party Dependencies
High dependency on the availability of heavy goods vehicle drivers and third-party transportation providers.
Technology Obsolescence Risk
The company identifies technology advancements as an opportunity but currently reports NIL investment in technology absorption.
Credit & Counterparty Risk
Debtors Turnover Ratio of 13.45 indicates active management of receivables, though it slowed from 14.97 in the previous year.
