LEAP India Limited (LEAPIND)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, LEAP India's revenue was ₹203 Cr (+19.0% year on year, -0.3% on the previous quarter), and net profit ₹24.7 Cr (+30.2% year on year); the operating margin was 51.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹203 | +19.0% | -0.3% |
| Operating profit | ₹104 | +22.5% | +0.1% |
| Net profit | ₹24.7 | +30.2% | -4.9% |
| EPS (₹) | 0.60 | -90.5% | -93.6% |
| Operating margin | 51.2% | — | — |
LEAPIND delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 46.77% of the LEAPIND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 43.13%. That is close to its usual level. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 44.2% · 42.1% · 50.5% · 47.8% · 46.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
India Ratings and Research has upgraded LEAP India Limited's long-term bank loan rating to 'IND A+' from 'IND A' with a Stable outlook, and short-term rating to 'IND A1+' from 'IND A1'. The rating covers bank loan facilities of INR 10,509.70 million. The upgrade was driven by capital structure strengthening following an August 2026 IPO raising INR 4,800 million, alongside debt prepayment of INR 3,600 million. Ind-Ra expects debt-to-equity to drop below 0.5x and net leverage below 2.25x, supported by an EBITDA margin of around 50%.
- Bank loan facilities of INR 10,509.70 million upgraded to 'IND A+'/Stable and 'IND A1+' from 'IND A' and 'IND A1'
- IPO primary proceeds of INR 4,800 million enabled prepayment of INR 3,600 million of debt
- Net leverage expected to decline below 2.25x and debt-to-equity below 0.5x over the medium term
- 1QFY27 consolidated revenue reached INR 2,034 million with an EBITDA margin of 51.2%
LEAP India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Pvt. Ltd., confirms adherence to dematerialisation regulations. Notably, the RTA stated that no Demat or Remat requests were received or processed during the entire period from July 1, 2026, to September 30, 2026. This represents a purely administrative filing with zero operational or financial impact.
- Regulation 74(5) certificate submitted for the quarter ended September 30, 2026
- Zero demat or remat requests received or processed between 01.07.2026 and 30.09.2026
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited
- Filing made on October 12, 2026, to BSE (544865) and NSE (LEAPIND)
LEAP India Limited has remitted $1,000,000 (approximately ₹9.64 crore at an exchange rate of $1 = INR 96.44) to subscribe to 999,999,999 equity shares of its wholly owned UAE subsidiary, LEAP MENA Holdings Limited. LEAP MENA will utilize the funds to infuse equity or debt into its operating subsidiary, LEAP Pallet Pooling Trading LLC, for asset investments and working capital. The company continues to maintain a 100% shareholding in LEAP MENA. For context, the investment represents ~4.74% of LEAP India's Q1 FY27 revenue of ₹203.41 crore.
- Remitted $1,000,000 (~₹9.64 crore at ₹96.44/$) to subscribe to 999,999,999 equity shares at $0.001 each
- Target entity LEAP MENA Holdings Limited is a wholly owned foreign subsidiary incorporated on July 1, 2026
- Proceeds downstreamed to LEAP Pallet Pooling Trading LLC for asset acquisition and working capital
- Shareholding remains at 100% post-allotment via cash consideration under FEMA automatic route
LEAP India Limited has formally incorporated a new wholly owned subsidiary named 'Total Integrated Packaging Solutions Private Limited' on October 05, 2026. This follows the board approval granted on September 29, 2026, to set up two subsidiaries. The incorporated entity will focus on pooling returnable packing materials for automotive and other manufacturing sectors, with a proposed initial subscription of ₹1.65 crore (16,50,000 equity shares of ₹10 each). Compared to the company's single-quarter revenue of ₹203.41 crore in Q1 FY27, the initial capital commitment represents under 1% of quarterly turnover.
- Incorporated wholly owned subsidiary Total Integrated Packaging Solutions Private Limited on October 05, 2026
- Proposed initial cash subscription of ₹1,65,00,000 via 16,50,000 equity shares at ₹10 each
- Entity will operate in logistics/supply-chain support services, specifically pooling returnable packing materials
- Follows September 29, 2026 board approval to incorporate two domestic wholly owned subsidiaries
LEAP India Limited has formally incorporated a new wholly owned subsidiary named Vimprotech Private Limited on October 01, 2026. The entity operates in the plastics processing and packaging industry, manufacturing vacuum-formed, thermoformed, and injection-moulded packaging solutions. LEAP India plans an initial cash subscription of Rs 4.03 crore (40,30,000 equity shares of Rs 10 each) to hold 100% of the entity. This follows the Board's September 29, 2026 approval to establish two subsidiaries, including another planned logistics support entity with a proposed Rs 1.65 crore subscription.
- Vimprotech Private Limited incorporated as a 100% wholly owned subsidiary on October 01, 2026
- Proposed initial cash subscription of Rs 4,03,00,000 via 40,30,000 equity shares of Rs 10 each
- Focuses on manufacturing vacuum-formed, thermoformed, and injection-moulded packaging products
- Second proposed subsidiary to have an initial capital subscription of Rs 1,65,00,000
LEAP India Limited's Board has approved the incorporation of two new wholly owned subsidiaries in India for an aggregate initial cash subscription of ₹5.68 crore. The first entity, Vimprotech Private Limited, will focus on plastics processing and packaging solutions with a proposed initial subscription of ₹4.03 crore (40,30,000 shares of ₹10 each). The second entity, tentatively named Total International Packaging Solutions Private Limited, will handle returnable packing material pooling with an initial subscription of ₹1.65 crore (16,50,000 shares of ₹10 each). Both subsidiaries will be 100% owned by LEAP India, expanding its supply-chain and packaging footprint.
- Board approved the incorporation of 2 new wholly owned subsidiaries on September 29, 2026
- ₹4.03 crore initial cash subscription into Vimprotech Private Limited (40,30,000 equity shares of ₹10 each)
- ₹1.65 crore initial cash subscription into packaging/pooling subsidiary (16,50,000 equity shares of ₹10 each)
- 100% equity stake and control held by LEAP India in both newly incorporated entities
LEAP India Limited has remitted 785,000 Saudi Riyal (approximately ₹2.04 crore at an exchange rate of 1 SAR = INR 26) to subscribe to 7,850 equity shares of LEAP Gulf Company. LEAP Gulf Company is a newly incorporated wholly owned foreign subsidiary in Riyadh, Kingdom of Saudi Arabia, engaged in manufacturing containers/pallets and equipment rental. Following the transaction, LEAP India continues to hold 100% equity in the subsidiary to support its overseas expansion plans.
- Investment of 785,000 Saudi Riyal equivalent to ₹2,04,10,000 via cash remittance
- Subscription to 7,850 equity shares at 100 Saudi Riyal each
- Subsidiary remains 100% owned by LEAP India Limited
- Target entity LEAP Gulf Company was incorporated on December 03, 2025, in Riyadh, KSA
- Transaction represents ~1% of Q1 FY27 revenue (₹203.41 cr in Jun 2026)
LEAP India Limited published the transcript of its maiden earnings conference call following its recent listing. The company highlighted that it manages approximately 14.9 million assets with an asset base exceeding ₹1,690 crore, commanding a 90% market share in organized asset pooling in India. Management indicated a long-term revenue growth guidance of around 20%, supported by low domestic palletization (14%-17% vs. 89%-94% in developed markets) and asset turns expanding from 0.4x toward global averages of 4x. In addition, the company is targeting a geographic expansion into the GCC market by mid-September 2026 and actively exploring inorganic acquisition opportunities.
- Manages ~14.9 million assets across an asset base exceeding ₹1,690 crore with a 90% market share in India
- Operates across 10,500 touchpoints and 28 fulfillment centers serving 1,000+ customers across 38 sectors
- Targets long-term revenue growth of ~20% per annum, aided by annual price increases of 5% to 9% linked to wood indices
- Expanding operations into GCC region around mid-September 2026 and evaluating inorganic acquisition targets
LEAP India Limited has submitted the web link for the audio recording of its Earnings Conference Call held on September 01, 2026. The call discussed the company's financial performance for the first quarter of FY 2026-27 (Q1 FY27). The recording is accessible to investors on the company's official website as required under SEBI Listing Regulations.
- Audio recording for the Q1 FY27 earnings call uploaded on September 01, 2026
- Earnings call conducted on September 01, 2026, following the prior intimation on August 25, 2026
- Audio link hosted on www.leapindia.net under regulatory compliance (SEBI LODR Regulation 30)
In its debut quarter as a listed company, LEAP India reported a 19% YoY increase in total income to ₹2,134 Mn (₹213.4 Cr) for Q1FY27. EBITDA grew 21% YoY to ₹1,141 Mn with margins expanding to 53.5%, while Profit After Tax (PAT) surged 30% YoY to ₹247 Mn. Growth was led by operating leverage across its 14.9 Mn pooled asset base and high utilization rates of 89.2% in pallets. The company completed its ₹24,800 Mn IPO in August 2026, allocating ₹3,600 Mn from fresh proceeds toward balance sheet deleveraging.
- Total income rose 19% YoY to ₹2,134 Mn, driven by a 17% rise in asset pooling and a 29% rise in MHE income
- EBITDA grew 21% YoY to ₹1,141 Mn with an operating margin of 53.5%; PAT expanded 30% YoY to ₹247 Mn
- Managed asset base grew 9% YoY to 14.9 Mn units, with pallet utilization at 89.2% and container utilization at 72.9%
- Deployed ₹3,600 Mn of fresh IPO proceeds toward debt repayment to reduce finance costs
- Established wholly owned subsidiaries in Saudi Arabia and the UAE to initiate expansion in the GCC region
LEAP India Limited delivered its maiden quarterly results post-listing for Q1 FY27, reporting a 19% YoY increase in Total Income to ₹2,134 Mn (₹213.4 Cr). EBITDA expanded 21% YoY to ₹1,141 Mn with a robust EBITDA margin of 53.5%. Profit After Tax (PAT) rose 30% YoY to ₹247 Mn (₹24.7 Cr), demonstrating operating leverage as income per unit deployed outpaced asset growth. The company successfully completed its ₹24,800 Mn IPO in August 2026, using ₹3,600 Mn from fresh issue proceeds to deleverage its balance sheet.
- Total Income grew 19% YoY to ₹2,134 Mn in Q1 FY27
- EBITDA increased 21% YoY to ₹1,141 Mn, achieving a 53.5% EBITDA margin
- PAT surged 30% YoY to ₹247 Mn, with PAT margin expanding ~104 bps to 11.6%
- ₹3,600 Mn of fresh IPO proceeds deployed specifically toward debt repayment
- Asset pool expanded 9% to 14.9 Mn units with high pallet utilization of 89.2%
LEAP India Limited reported its first post-IPO quarterly results for the quarter ended June 30, 2026. Standalone revenue from operations grew 17.1% YoY to ₹1,688.13 million (₹168.81 crore) from ₹1,441.24 million in Q1 FY26. Net profit rose 24.3% YoY to ₹244.70 million (₹24.47 crore) compared to ₹196.87 million in the year-ago period. The company successfully listed on August 14, 2026 following an IPO consisting of a ₹4,800 million fresh issue and ₹20,000 million OFS, and initiated overseas expansion into the UAE.
- Standalone revenue from operations increased 17.1% YoY to ₹1,688.13 million.
- Net profit grew 24.3% YoY to ₹244.70 million with basic EPS of ₹0.60 (up from ₹0.39).
- Profit before tax expanded 24.1% YoY to ₹326.41 million from ₹263.09 million.
- Completed IPO with ₹4,800 million fresh issue and ₹20,000 million OFS at ₹159 per share.
- Incorporated wholly owned UAE subsidiary LEAP MENA Holdings Limited and LEAP Pallet Pooling Trading L.L.C in July/August 2026.
LEAP India Limited has scheduled an analyst and investor conference call on Tuesday, September 1, 2026, at 11:00 AM IST. The call is organized to discuss the financial results for the quarter ended June 30, 2026 (Q1 FY27). Senior management, including the Chairman & Managing Director, Chief Financial Officer, and Chief Growth Officer, will participate in the call hosted by Go India Advisors.
- Conference call scheduled for Tuesday, September 1, 2026, at 11:00 AM IST
- Call will cover financial performance for Q1 FY27 (quarter ended June 30, 2026)
- Senior leadership including Sunu Mathew (CMD & CEO), Rajesham Alle (CFO), and Hrishi Gandhi (Chief Growth Officer) attending
LEAP India Limited has been certified as a Great Place to Work by the Great Place to Work Institute, India. The certification has been granted under the 'Mid-Size Organizations' category. It remains valid for a one-year duration from August 2026 through August 2027. The announcement represents a standard human resources achievement with no direct financial impact.
- Certified as a Great Place to Work under the Mid-Size Organizations category
- Certification validity spans 1 year from August 2026 till August 2027
- Intimation submitted under Regulation 30 of SEBI LODR on August 25, 2026
LEAP India Limited has updated its Corporate Identification Number (CIN) from 'U74900MH2013PLC245166' to 'L74900MH2013PLC245166' following its listing on the NSE and BSE on August 14, 2026. The Ministry of Corporate Affairs (MCA) has officially updated the company's status from 'Unlisted' to 'Listed'. The master data reflects an authorised share capital of Rs 1,265.07 crore and paid-up capital of Rs 44.05 crore. This is a standard procedural update post-listing with no operational or financial impact.
- CIN updated from U74900MH2013PLC245166 to L74900MH2013PLC245166 by MCA
- Company status officially changed from 'Unlisted' to 'Listed' on MCA portal
- Listing completed on NSE and BSE on August 14, 2026
- Paid-up share capital recorded at Rs 44,05,36,458 against authorised capital of Rs 12,65,06,66,760
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