Destiny Logistics & Infra Limited (DESTINY)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Destiny Logistics' revenue was ₹56.9 Cr (+16.7% year on year, +155.4% on the previous half-year), and net profit ₹0.5 Cr (-58.9% year on year); the operating margin was 2.5%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹56.9 | +16.7% | +155.4% |
| Operating profit | ₹1.4 | -38.4% | -24.1% |
| Net profit | ₹0.5 | -58.9% | -84.4% |
| EPS (₹) | 0.22 | -69.9% | -88.5% |
| Operating margin | 2.5% | — | — |
📢 Recent Corporate Announcements
Destiny Logistics & Infra Limited has submitted its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from RTA Cameo Corporate Services confirms that dematerialisation requests received during the period were processed and confirmed within the stipulated timeline. All corresponding share certificates were duly mutilated and cancelled. This is a periodic compliance filing and carries no operational or financial impact.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarter ended September 30, 2026
- Issued by Registrar and Share Transfer Agent Cameo Corporate Services Limited dated October 1, 2026
Destiny Logistics & Infra Limited announced the voting results of its 15th Annual General Meeting held on September 30, 2026. All six ordinary and special resolutions were passed with 100% favorable votes cast. Key approvals included the adoption of FY26 financial statements, statutory auditor appointments, and enabling resolutions for loans, guarantees, and investments under Sections 185 and 186 of the Companies Act, 2013. The promoter group abstained from voting on the Section 185 and 186 transactions, leaving public non-institutional votes (1,302,276 shares polled) to pass them.
- All 6 resolutions passed with 100% votes cast in favor
- Overall turnout for general resolutions stood at 76.677% (17,193,276 total votes polled)
- Turnout for Section 185 and 186 loan/investment approvals was 5.8078% with promoters abstaining
- AGM had 20 participants via video conference (2 promoter, 18 public) out of 402 shareholders on record date September 23, 2026
Destiny Logistics & Infra Limited announced that shareholders approved key appointments at its AGM on September 30, 2026. M/s. S.K. Basu & Co., Chartered Accountants, was appointed as the Statutory Auditor for a 5-year tenure covering FY 2026-27 to FY 2030-31. Additionally, shareholders approved the re-appointment of Non-Executive Director Mr. Jugal Kishore Bhagat and regularized Mr. Santanu Kumar Rai as an Independent Director for a 5-year term.
- Appointment of M/s. S.K. Basu & Co. as Statutory Auditor for a term of 5 years (FY 2026-27 to FY 2030-31)
- Re-appointment of Mr. Jugal Kishore Bhagat (DIN: 02218545) as Non-Executive Director
- Regularization of Mr. Santanu Kumar Rai (DIN: 10160592) as Independent Director for a 5-year term from September 30, 2026
- Shareholder approval granted with requisite majority at the AGM on September 30, 2026
Destiny Logistics & Infra Limited announced that shareholders approved key appointments at its AGM on September 30, 2026. M/s. S.K. Basu & Co., Chartered Accountants, was appointed as the Statutory Auditor for a 5-year tenure covering FY 2026-27 to FY 2030-31. Additionally, shareholders approved the re-appointment of Non-Executive Director Mr. Jugal Kishore Bhagat and regularized Mr. Santanu Kumar Rai as an Independent Director for a 5-year term.
- Appointment of M/s. S.K. Basu & Co. as Statutory Auditor for a term of 5 years (FY 2026-27 to FY 2030-31)
- Re-appointment of Mr. Jugal Kishore Bhagat (DIN: 02218545) as Non-Executive Director
- Regularization of Mr. Santanu Kumar Rai (DIN: 10160592) as Independent Director for a 5-year term from September 30, 2026
- Shareholder approval granted with requisite majority at the AGM on September 30, 2026
Destiny Logistics & Infra Limited has been awarded a domestic work order worth ₹6.91 Cr from Steel Authority of India Limited (IISCO Steel Plant). The scope covers the extension of the 'WRM KL & LM BAYS' tender. The contract execution period is set for 18 months from the effective date. Given the company's quarterly revenue base was ₹8.11 Cr in Sep 2023, this single order represents a substantial contribution to its operational pipeline.
- Order awarded by Steel Authority of India Limited (IISCO Steel Plant)
- Total contract value stands at ₹6,91,22,294.10 (₹6.91 Cr)
- Execution timeline is 18 months from the effective contract date
- Scope involves tender extension of 'WRM KL & LM BAYS'
- Domestic contract with no promoter or related party interest
Destiny Logistics & Infra Limited has submitted its Annual Report for FY2025-26 and scheduled its 15th Annual General Meeting for September 30, 2026. Key special resolutions include approval under Section 185 and Section 186 to grant loans, guarantees, and securities up to Rs 50 crore per entity and aggregating up to Rs 200 crore to entities including Dynamic Services & Security Limited, Mehai Technology Limited, and The Bharat Battery Manufacturing Company. The proposed Rs 200 crore inter-corporate lending/investment ceiling is significantly larger than the company's net worth of Rs 71 crore. The company also confirmed its transition to Ind AS accounting standards effective April 1, 2024.
- 15th Annual General Meeting convened for September 30, 2026, via Video Conferencing.
- Proposed Section 186 loan and investment approval limit up to Rs 50 crore per entity, aggregating up to Rs 200 crore.
- Proposed inter-corporate lending limit of Rs 200 crore represents ~282% of company's reported net worth of Rs 71 crore.
- Specific named counterparties for loans/guarantees under Section 185 include Dynamic Services & Security, Mehai Technology, and The Bharat Battery Manufacturing Company.
- Adoption of Ind AS accounting standards from FY2025-26 with a transition date of April 1, 2024.
Destiny Logistics & Infra Limited has submitted compliance under Regulation 36(1)(b) of SEBI LODR Regulations, 2015. The company dispatched communications containing the weblink for its FY 2025-26 Annual Report to shareholders whose email addresses were unregistered as of August 28, 2026. The 15th Annual General Meeting is scheduled for September 30, 2026, at 3:00 PM IST via Video Conferencing.
- Compliance intimation filed under Regulation 36(1)(b) of SEBI LODR Regulations, 2015
- 15th Annual General Meeting scheduled for September 30, 2026 at 3:00 PM IST via VC/OAVM
- Cut-off/record benchmark for registered emails was August 28, 2026
- Shareholders urged to register KYC details and email IDs with RTA Cameo Corporate Services
Destiny Logistics & Infra Limited has announced the schedule for its 15th Annual General Meeting (AGM), which will take place on September 30, 2026. The company fixed September 23, 2026, as the cut-off date to establish shareholder eligibility for e-voting. Additionally, the register of members and share transfer books will remain closed from September 24 to September 30, 2026.
- 15th Annual General Meeting scheduled for September 30, 2026
- Cut-off date for e-voting eligibility set as September 23, 2026
- Book closure period runs from September 24, 2026, to September 30, 2026
Destiny Logistics & Infra Limited announced outcomes of its Board Meeting held on September 8, 2026. The Board approved the draft notice for its 15th Annual General Meeting (AGM) scheduled for September 30, 2026, at 3:00 PM via video conferencing. Additionally, the Board considered and adopted the audited financial statements for FY ended March 31, 2026. The Board also approved the appointment of M/s. S.K. Basu & Co., Chartered Accountants, as the company's Statutory Auditor, subject to shareholder approval.
- 15th Annual General Meeting to be held on September 30, 2026, at 3:00 P.M.
- Approved adoption of audited financial statements for the financial year ended March 31, 2026
- Appointed M/s. S.K. Basu & Co., Chartered Accountants, as Statutory Auditor
- Board meeting conducted from 1:00 P.M. to 2:45 P.M. on September 8, 2026
Financial Performance
Revenue Growth by Segment
Transport segment revenue grew by 98.05% YoY (INR 14.27 Cr vs INR 7.20 Cr), while Construction segment revenue declined by 33.55% YoY (INR 8.02 Cr vs INR 12.08 Cr) for the half-year ended September 30, 2025.
Geographic Revenue Split
Not disclosed in available documents, though the company is headquartered in Kolkata, West Bengal.
Profitability Margins
Operating Profit Margin improved to 7.68% in FY25 from 6.89% in FY24. Net Profit Margin for FY25 was 3.80%, up slightly from 3.67% in FY24.
EBITDA Margin
Operating Profit Margin was 7.68% in FY25, representing a YoY increase of 0.79% due to improved operational efficiency.
Capital Expenditure
The company spent INR 0.11 Cr on the acquisition of Property, Plant & Equipment during the half-year ended September 30, 2025.
Credit Rating & Borrowing
Not disclosed in available documents. Interest coverage ratio declined from 5.56 in FY24 to 3.50 in FY25, indicating higher relative interest costs.
Operational Drivers
Raw Materials
Stock-in-trade purchases represent the primary cost of operations, accounting for 65.4% of total revenue (INR 14.58 Cr) in H1 FY26.
Raw Material Costs
Purchases of stock-in-trade were INR 14.58 Cr in H1 FY26, representing 65.4% of revenue. Inventory turnover ratio decreased from 24.63 to 18.49 in FY25.
Manufacturing Efficiency
Not applicable as the company provides logistics and construction services.
Strategic Growth
Growth Strategy
Growth will be achieved by focusing on technologically advanced and more profitable market segments, expanding into new geographical areas, and enhancing functional efficiency through productivity and cost reduction.
Products & Services
Transportation services, logistics management, construction projects, and manpower supply for logistics related projects.
Brand Portfolio
Destiny Logistics & Infra Limited.
New Products/Services
The company is exploring value-added services in the logistics and infrastructure sectors.
Market Expansion
Plans include expanding into new geographical areas to diversify the project portfolio.
External Factors
Industry Trends
The logistics and infrastructure industry is expected to benefit from government thrust on economic growth, despite a recent decline in FDI inflows to $2.245 billion.
Competitive Landscape
The industry is highly competitive with no entry barriers, featuring significant competition from large established players.
Competitive Moat
Moat is based on established operations and an experienced management team, but sustainability is challenged by the lack of entry barriers and intense competition from larger players.
Macro Economic Sensitivity
Sensitive to Indian infrastructure sector growth; FDI equity inflow in the sector declined to approximately $2.245 billion in FY25.
Consumer Behavior
Increasing demand for technologically advanced and efficient logistics services in the Indian market.
Regulatory & Governance
Industry Regulations
Adherence to local statutory requirements for conduct of business and labor-intensive operations.
Taxation Policy Impact
The effective tax rate for the half-year ended September 30, 2025, was approximately 15.7% (INR 0.56 Cr current tax on INR 3.58 Cr PBT).
Risk Analysis
Key Uncertainties
Changes in government policies and rising labor wages are key risks that could impact project availability and margins by up to 10-15%.
Geographic Concentration Risk
Operations are primarily concentrated in West Bengal, with the registered office in Kolkata.
Third Party Dependencies
High dependency on project-based labor supply for transportation and logistics segments.
Technology Obsolescence Risk
Risk of falling behind if the company does not successfully transition to technologically advanced logistics segments.
Credit & Counterparty Risk
Debtors turnover ratio improved from 2.22 to 2.71 in FY25, indicating better receivables management.
