Deccan Transcon Leasing Limited (DECCANTRAN)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Deccan Transcon's revenue was ₹87.0 Cr (-3.3% year on year, +19.2% on the previous half-year), and net profit ₹4.0 Cr (+300.0% year on year); the operating margin was 10.3%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹87.0 | -3.3% | +19.2% |
| Operating profit | ₹9.0 | +350.0% | +0.0% |
| Net profit | ₹4.0 | +300.0% | +0.0% |
| EPS (₹) | 1.69 | +196.5% | -11.1% |
| Operating margin | 10.3% | — | — |
📢 Recent Corporate Announcements
Deccan Transcon Leasing Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The confirmation was issued by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited. The RTA confirmed that all securities received for dematerialisation during the quarter were processed and listed on the stock exchanges within prescribed timelines. This is a standard quarterly administrative filing.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited on October 03, 2026
- Company filed the disclosure with NSE on October 08, 2026
- Confirms dematerialised shares were mutilated, cancelled, and updated in records within prescribed timelines
Deccan Transcon Leasing Limited announced the retirement of its Chief Executive Officer and Key Managerial Personnel, Mr. Rajeev Menon, effective from the close of business hours on September 30, 2026, upon reaching superannuation. The company oversees operations generating Rs 327 Cr in TTM revenue and Rs 14 Cr in TTM PAT. Management stated that a succession plan is currently in motion, with subsequent disclosures to be made once finalized.
- CEO and KMP Mr. Rajeev Menon retires effective close of business hours on September 30, 2026
- Retirement is due to reaching the age of superannuation
- Succession plan is officially in motion with details to be disclosed upon finalization
- Company generated TTM revenue of Rs 327 Cr and TTM PAT of Rs 14 Cr
Deccan Transcon Leasing Limited has scheduled its 19th Annual General Meeting (AGM) for the financial year 2025-26 on September 29, 2026. The company announced that its Register of Members and Share Transfer Books will be closed from September 22, 2026, to September 29, 2026 (both days inclusive). The cut-off date to determine shareholders eligible for e-voting is set for September 22, 2026. This is a purely administrative compliance filing under Regulation 42 of SEBI LODR.
- 19th AGM scheduled to be held on September 29, 2026
- Book closure period set from September 22, 2026, to September 29, 2026
- Cut-off date for e-voting eligibility fixed as September 22, 2026
Deccan Transcon Leasing Limited has issued notice for its 19th Annual General Meeting scheduled for September 29, 2026, along with its FY 2025-26 Annual Report. In the report, management highlighted that FY26 consolidated EBITDA increased 89.69% YoY to ₹19.55 crore (from ₹10.31 crore) despite consolidated revenue declining 3.89% due to geopolitical disruptions in the Red Sea and Ukraine routes. Standalone Profit After Tax surged 128.02% to ₹3.26 crore, supported by strategic refocusing on higher-margin Asian trade lanes. Resolutions include the appointment of M/s S Bhalotia & Associates as statutory auditors for a five-year term at ₹12 lakh per annum.
- 19th Annual General Meeting to be held via VC/OAVM on September 29, 2026
- Consolidated FY26 EBITDA rose 89.69% YoY to ₹1,955.02 lakhs from ₹1,030.65 lakhs
- Standalone FY26 PAT grew 128.02% YoY to ₹326.12 lakhs
- Proposed appointment of Statutory Auditors M/s S Bhalotia & Associates at ₹12.00 lakh remuneration per annum for 5 years
- Remote e-voting period runs from September 26, 2026 to September 28, 2026 with a cut-off date of September 22, 2026
Deccan Transcon Leasing Limited's Board has approved the appointment of M/s. S. Bhalotia & Associates, Chartered Accountants, as Statutory Auditors to fill a casual vacancy resulting from the resignation of the existing auditors. The proposed appointment is for a five-year term spanning from the 19th AGM to the 24th AGM, subject to shareholder approval. Additionally, the Board re-appointed Ms. Karthika Menon as Director retiring by rotation and appointed M/s AGR Advisors and M/s ACHS & CO. as Internal and Secretarial Auditors, respectively, for FY 2026-27. The 19th Annual General Meeting is scheduled for September 29, 2026.
- Appointed M/s. S. Bhalotia & Associates as Statutory Auditors for a 5-year term subject to shareholder approval at the AGM
- Casual vacancy arose due to the resignation of the existing Statutory Auditors
- 19th Annual General Meeting convened for September 29, 2026, at 2:30 P.M. via video conferencing
- Appointed M/s AGR Advisors as Internal Auditors and M/s ACHS & CO. as Secretarial Auditors for FY 2026-27
Deccan Transcon Leasing has scheduled its 19th Annual General Meeting for September 29, 2026. The Board approved the appointment of M/s S. Bhalotia & Associates as Statutory Auditors for a 5-year term from the conclusion of the 19th AGM to the 24th AGM, filling a casual vacancy caused by the prior auditor's resignation. Additionally, M/s AGR Advisors and M/s ACHS & CO. were appointed as Internal and Secretarial Auditors for FY 2026-27, respectively. The Board also approved the draft Annual Report and the re-appointment of Director Ms. Karthika Menon, subject to shareholder approval.
- 19th AGM convened for September 29, 2026 at 2:30 PM IST via VC/OAVM
- Appointment of M/s S. Bhalotia & Associates as Statutory Auditors for 5 consecutive years to fill a casual vacancy
- Appointment of M/s AGR Advisors as Internal Auditors for FY 2026-27
- Appointment of M/s ACHS & CO. as Secretarial Auditors for FY 2026-27
Deccan Transcon Leasing Limited has appointed Ms. Kanika Arora as Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP) effective August 31, 2026. The appointment was approved by the Board of Directors following the recommendation of the Nomination and Remuneration Committee. Ms. Arora brings over 7 years of professional experience in corporate governance, listings, and regulatory compliance. This is a standard corporate compliance appointment with no direct financial impact.
- Appointment of Ms. Kanika Arora as CS, Compliance Officer, and KMP effective August 31, 2026
- Appointee possesses over 7 years of experience in corporate governance and listed compliances
- Board meeting approving the appointment was held on August 31, 2026 (16:19 to 16:24 IST)
Deccan Transcon Leasing Limited's statutory auditor, M/s A D V & Associates, has tendered its resignation from the audit engagement for FY 2026-27 dated August 27, 2026. The auditor cited personal preoccupations and time constraints as the reason for inability to discharge responsibilities effectively. The company (TTM revenue: Rs 327 Cr, TTM PAT: Rs 14 Cr) will now need to appoint a successor statutory auditor subject to board and shareholder approvals.
- Resignation tendered by A D V & Associates (FRN: 128045W) on August 27, 2026
- Pertains to the statutory audit engagement for Financial Year 2026-27
- Reason cited as personal preoccupations and commitments preventing adequate time allocation
- Auditor confirmed commitment to extend necessary cooperation for an orderly transition
Deccan Transcon Leasing Limited received a resignation letter dated August 27, 2026, from its statutory auditor, M/s A D V & Associates (Partner Pratik Kabra). The auditor stepped down from the statutory audit engagement for FY 2026-27 citing personal preoccupations and time constraints. The resigning firm stated it will cooperate for an orderly handover to incoming auditors. The company with TTM revenue of Rs 327 Cr will need to appoint a casual vacancy auditor promptly.
- M/s A D V & Associates (FRN: 128045W) resigned as statutory auditor on August 27, 2026
- Resignation is effective for the Financial Year 2026-27 statutory audit engagement
- Reason cited is personal preoccupations and commitments preventing necessary time allocation
- Partner Pratik Kabra confirmed cooperation for an orderly audit transition and document handover
Deccan Transcon Leasing Limited announced that its statutory auditor, M/s A D V & Associates Chartered Accountants, has resigned effective August 27, 2026. The firm cited personal preoccupations and other professional commitments leading to an inability to devote sufficient time to the FY27 statutory audit engagement. The resignation requires the company (TTM revenue ₹327 Cr, TTM PAT ₹14 Cr) to appoint a new statutory auditor to oversee its financial statements.
- M/s A D V & Associates Chartered Accountants resigned as statutory auditor effective August 27, 2026
- Resignation pertains to the statutory audit engagement for Financial Year 2026-27
- Firm stated reason as personal preoccupations and other professional commitments
- Auditor confirmed willingness to facilitate an orderly transition and document handover
Deccan Transcon Leasing Limited announced that its statutory auditor, M/s A D V & Associates Chartered Accountants, has resigned from the audit engagement for FY 2026-27 effective August 27, 2026. The auditor cited personal preoccupations and professional commitments resulting in an inability to devote sufficient time to the engagement. Deccan Transcon operates on a TTM revenue base of Rs 327 Cr and TTM PAT of Rs 14 Cr. The company will need to appoint a successor auditor to fill the casual vacancy.
- M/s A D V & Associates tendered resignation effective August 27, 2026
- Resignation applies to the statutory audit engagement for FY 2026-27
- Auditor cited personal preoccupations and professional commitments as the primary reason
- Company generated TTM revenue of Rs 327 Cr and TTM net profit of Rs 14 Cr
Deccan Transcon Leasing Limited announced the resignation of Ms. Khushboo Gautam from the position of Company Secretary and Compliance Officer, effective close of business hours on August 25, 2026. The resignation was tendered due to personal reasons, with no other material reasons cited. The company operates at a TTM revenue base of ₹327 Cr and will need to appoint a successor in compliance with statutory timelines.
- Resignation of Ms. Khushboo Gautam as Company Secretary & Compliance Officer effective August 25, 2026
- Reason cited for departure is personal reasons, with no other material reasons confirmed
- Filing submitted to the stock exchange on August 26, 2026
- Company reported TTM revenue of ₹327 Cr and TTM PAT of ₹14 Cr
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations grew 9.02% YoY to INR 166.31 Cr in FY25. The Ocean Freight and Shipping segment grew 9.86% YoY to INR 158.00 Cr, while other segments including Lease Rentals contributed approximately INR 8.31 Cr.
Geographic Revenue Split
The Malaysia-based subsidiary, Deccan Shipping & Logistics SDN. BHD., contributed INR 109.37 Cr, representing approximately 65.76% of total consolidated revenue.
Profitability Margins
Operating Profit Margin experienced a sharp compression, falling from 7.22% in FY24 to 1.67% in FY25. This 76.8% decline was driven by operating expenses in the Ocean Freight segment rising 34% YoY, far outpacing the 9.86% revenue growth in that segment.
EBITDA Margin
Core profitability was significantly impacted by a 34% increase in fuel and handling charges. Net worth increased by 230.39% to INR 76.97 Cr following the public issue, though EPS fell 55.17% from 6.87 to 3.08 due to equity dilution.
Capital Expenditure
The company allocated INR 27.75 Cr for the procurement of tank containers from IPO proceeds, with INR 26.49 Cr (95.46%) utilized as of September 30, 2025.
Credit Rating & Borrowing
Interest Coverage Ratio weakened from 3.66 to 1.86 in FY25. Long-term borrowings stood at INR 13.75 Cr, up from INR 11.85 Cr in FY24.
Operational Drivers
Raw Materials
Fuel and handling charges are the primary operational cost drivers, with operating expenses for freight services increasing from INR 101.23 Cr to INR 135.74 Cr in FY25.
Import Sources
Not disclosed in available documents, though the company maintains a significant operational presence in Malaysia.
Capacity Expansion
The company is expanding its tank container fleet using INR 27.75 Cr of IPO funds to increase its leasing and logistics capacity.
Raw Material Costs
Operating costs for the core shipping business rose 34% YoY, significantly impacting margins as these costs represent approximately 81.6% of segment revenue.
Manufacturing Efficiency
Not applicable as a service/logistics provider; however, the Debtors Turnover Ratio slowed from 4.35 to 2.58, indicating reduced collection efficiency.
Logistics & Distribution
Operating expenses for ocean freight and shipping reached INR 135.74 Cr in FY25, representing 81.6% of total revenue.
Strategic Growth
Expected Growth Rate
9.86%
Growth Strategy
Growth is being pursued through the procurement of new tank containers (INR 27.75 Cr investment) to expand the leasing fleet and strengthening core ocean freight operations, supported by a significant capital infusion of INR 51.83 Cr from the IPO.
Products & Services
Ocean freight services, shipping logistics, and tank container lease rentals, with a focus on hazardous cargo handling.
Brand Portfolio
Deccan Transcon Leasing Limited (formerly Deccan Transcon Leasing Private Limited).
New Products/Services
Expansion of the tank container leasing fleet is expected to drive future rental income, though specific contribution percentages are not disclosed.
Market Expansion
The company maintains a strong international presence through its Malaysian subsidiary, which already contributes over 65% of revenue.
Strategic Alliances
The company operates through a subsidiary in Malaysia and has associates, though specific partner names are not detailed in the snippets.
External Factors
Industry Trends
The industry is seeing increased demand for specialized tank containers for hazardous cargo, which the company is addressing through its INR 27.75 Cr capex plan.
Competitive Landscape
The company competes in the global ocean freight and container leasing market, facing pressure from rising global logistics input costs.
Competitive Moat
The company's moat is built on specialized expertise in hazardous cargo logistics and a growing fleet of owned tank containers, though high sensitivity to fuel costs challenges margin sustainability.
Macro Economic Sensitivity
Highly sensitive to global trade volumes and fuel price fluctuations, which directly impact the 81.6% cost-to-revenue ratio in the shipping segment.
Consumer Behavior
Shift toward outsourced specialized logistics for hazardous materials is driving demand for the company's core services.
Geopolitical Risks
Exposed to international trade barriers and maritime regulations affecting the Malaysia-India shipping corridors.
Regulatory & Governance
Industry Regulations
Operations are subject to SEBI (LODR) Regulations 2015 and the Companies Act 2013; hazardous cargo operations must comply with international maritime safety standards.
Environmental Compliance
Not disclosed in available documents, though safety protocols for hazardous cargo are emphasized.
Taxation Policy Impact
Deferred tax liabilities stood at INR 1.33 Cr as of March 31, 2025.
Legal Contingencies
No specific pending court cases or case values were disclosed in the provided audit reports or announcements.
Risk Analysis
Key Uncertainties
Fuel price volatility and handling charge increases pose a high risk, having already caused a 76.8% compression in operating margins in the latest fiscal year.
Geographic Concentration Risk
High geographic concentration in Malaysia, which accounts for 65.76% of consolidated revenue.
Third Party Dependencies
Dependent on port authorities and fuel suppliers, as evidenced by the 34% spike in handling and fuel costs.
Technology Obsolescence Risk
The company is investing in modern tank containers to mitigate the risk of fleet obsolescence.
Credit & Counterparty Risk
Receivables quality is a concern as the Debtors Turnover Ratio declined from 4.35 to 2.58 YoY.
