PATINTLOG - Patel Integrated
📢 Recent Corporate Announcements
Patel Integrated Logistics Limited (PATINTLOG) has scheduled a virtual group meeting with investors and analysts on March 10, 2026, at 11:00 AM. The company will be participating in the 'Arihant-Bharat Connect Conference: Rising Stars - March 2026'. This interaction is a routine disclosure under SEBI (LODR) Regulations to maintain transparency with the investment community. Management has explicitly stated that no unpublished price sensitive information (UPSI) will be discussed during the session.
- Virtual group meeting scheduled for March 10, 2026, at 11:00 AM IST.
- Participation in the Arihant-Bharat Connect Conference: Rising Stars - March 2026.
- Compliance with Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Management confirms that no unpublished price sensitive information (UPSI) will be shared during the interaction.
Patel Integrated Logistics Limited has officially received an Income Tax refund amounting to ₹3.93 Crores. The funds have been credited directly to the company's bank account, providing an immediate boost to its cash reserves. Management has stated that this receipt will favorably impact the company's financial position. The disclosure was made in accordance with SEBI Listing Obligations and Disclosure Requirements.
- Received a total Income Tax refund of ₹3.93 Crores.
- The refund amount has been successfully credited to the company's bank account.
- Management expects a favorable impact on the company's financial statements.
- The announcement was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
Patel Integrated Logistics has issued a postal ballot notice seeking shareholder approval for its 'Restricted Stock Unit Scheme 2026' (RSU 2026). The scheme involves granting up to 6,95,000 options to employees, which will be fulfilled through secondary market acquisitions by an employee welfare trust rather than new equity issuance. Additionally, the company is seeking approval to re-designate Mr. Mahesh Fogla as Whole-time Director and CFO for three years. Other resolutions include providing financial assistance to the Trust for share purchases and authorizing loans or guarantees for subsidiary companies.
- Proposed 'RSU 2026' scheme covers up to 6,95,000 equity shares of face value Rs. 10 each.
- Shares will be sourced via secondary acquisition through the 'PIL ESOP Trust', preventing equity dilution for existing shareholders.
- Mr. Mahesh Fogla to be re-designated as Whole-time Director and CFO for a 3-year tenure.
- Company will provide funds to the Trust for the purchase of its own shares from the secondary market.
- Remote e-voting for these resolutions is scheduled from February 21, 2026, to March 22, 2026.
Patel Integrated Logistics reported a 12% YoY increase in PAT to ₹3 crores for Q3 FY26, despite a 7% QoQ decline in domestic cargo volumes to 12,270 tons. The volume dip was primarily attributed to a week-long disruption in IndiGo's flight schedules in December 2025. The company is diversifying its operations by launching a 60% subsidiary, Rajpat Logistics, for asset-light road transport and has added Star Airline as a new partner. For 9M FY26, the company achieved a PAT of ₹7 crores, reflecting a 16% YoY growth, while maintaining a net debt-free balance sheet.
- Q3 FY26 PAT grew 12% YoY to ₹3 crores with an improved PAT margin of 3.05%.
- Domestic cargo volumes fell 7% QoQ to 12,270 tons due to external airline operational headwinds.
- Blended sales realization remained healthy at ₹59.82 per kg for the quarter.
- Incorporated Rajpat Logistics Private Limited (60% stake) to expand into road logistics via an asset-light model.
- 9M FY26 PAT increased 16% YoY to ₹7 crores despite a slight revenue dip to ₹251 crores.
Patel Integrated Logistics Limited has officially released the audio recording of its earnings conference call held on February 13, 2026. The call addressed the company's unaudited standalone and consolidated financial results for the third quarter ended December 31, 2025. This disclosure is a standard regulatory requirement under SEBI (LODR) Regulations to ensure transparency. Investors can access the full recording on the company's official website to evaluate management's commentary on performance.
- Audio recording of the Q3 FY26 earnings call is now available for public review.
- The conference call was conducted on February 13, 2026, and concluded at 16:42.
- Covers financial performance for the quarter ended December 31, 2025, on both standalone and consolidated bases.
- Compliance filing submitted under Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Patel Integrated Logistics Limited has approved the re-designation and re-appointment of Mr. Mahesh Fogla as Whole-time Director and Chief Financial Officer. The appointment is for a three-year tenure starting from February 12, 2026, and extending until February 11, 2029. Mr. Fogla is a qualified Chartered Accountant and Cost Accountant with over 25 years of experience in finance, taxation, and strategic planning. This move ensures continuity in the company's senior leadership and financial management.
- Re-appointment of Mr. Mahesh Fogla as Whole-time Director and CFO for a 3-year term.
- The new tenure is effective from February 12, 2026, to February 11, 2029.
- Mr. Fogla brings over 25 years of professional experience in Finance, Accounts, and Taxation.
- The appointment is subject to the approval of the company's shareholders.
Patel Integrated Logistics reported a 17.87% sequential growth in PAT to ₹2.68 crore for Q3 FY26, despite a 6.17% QoQ decline in revenue to ₹104.22 crore. The revenue dip was attributed to temporary disruptions in Indigo Airlines' domestic schedules and a post-festive slump in international sales. While domestic and international volumes fell by 7% and 5.9% respectively, the company maintained profitability through operational efficiencies. A new partnership with Star Airline starting February 2026 is expected to bolster domestic network capacity.
- PAT grew 17.87% QoQ to ₹2.68 crore compared to ₹2.28 crore in the previous quarter.
- Gross Income from Operations stood at ₹104.22 crore, down 6.17% QoQ and 1.57% YoY.
- Domestic cargo volumes decreased by 7% QoQ to 12,270 tons.
- International cargo volumes declined by 5.9% QoQ to 2,069 tons.
- Announced a strategic partnership with Star Airline to expand domestic air cargo operations from February 2026.
Patel Integrated Logistics (PILL) reported a revenue of ₹2,605 million for the first nine months of FY26, with EBITDA margins standing at 2.53%. The company continues to operate as a debt-free entity following its 2023 capital raise, focusing on its core air freight and warehousing segments. While domestic air freight remains the dominant revenue contributor at ₹1,539 million for 9M-FY26, the company is leveraging its 99% digital platform adoption to improve operational efficiency. Despite steady volume, EBITDA margins have seen a gradual compression from 3.71% in FY23 to the current 2.53%.
- 9M-FY26 Revenue reached ₹2,605 million with an EBITDA of ₹66 million (2.53% margin).
- Domestic logistical load for 9M-FY26 stood at 37,101 tonnes, while international load reached 5,949 tonnes.
- Maintains a strong pan-India presence across 112 airports with 125+ strategic office locations.
- Achieved 99% adoption of the 'Freight PILL' digital platform, enhancing transparency and real-time tracking.
- Company remains debt-free following a successful 3x oversubscribed rights issue in 2023.
Patel Integrated Logistics reported a standalone net profit of ₹2.69 crore for Q3 FY26, a 23.4% increase from ₹2.18 crore in the same quarter last year. Despite a marginal dip in total income to ₹89.71 crore, the company achieved higher profitability by significantly reducing finance costs by 58% YoY. The board also approved the 'RSU Scheme 2026' for employees and re-appointed Mahesh Fogla as CFO and Whole-time Director for three years. Furthermore, the company expanded its footprint by incorporating a new subsidiary, Rajpat Logistics Private Limited.
- Standalone Net Profit grew 23.4% YoY to ₹268.96 Lakhs in Q3 FY26.
- Finance costs dropped sharply to ₹8.53 Lakhs from ₹20.42 Lakhs in the year-ago period.
- Total Income for the nine-month period ended Dec 2025 reached ₹262.72 Crore.
- Board approved the 'Patel Integrated Logistics Restricted Stock Unit Scheme 2026' for eligible employees.
- Mahesh Fogla re-appointed as Whole-time Director and CFO for a 3-year term ending Feb 2029.
Patel Integrated Logistics Limited (PATINTLOG) has scheduled an earnings conference call for Friday, February 13, 2026, at 16:00 IST. The call is intended to discuss the financial results for the quarter and nine months ended December 31, 2025. Senior management will be present to interact with analysts and institutional investors regarding the company's performance. This routine disclosure provides a platform for stakeholders to seek clarity on the company's operational trajectory and financial health.
- Earnings call scheduled for February 13, 2026, at 4:00 PM IST.
- Discussion will focus on Q3 and nine-month financial results ending December 31, 2025.
- Universal dial-in numbers for the call are +91 2262801143 and +91 2271158044.
- International toll-free numbers provided for USA, UK, Singapore, and Hong Kong participants.
- Pre-registration link and audio replay options are available for investor accessibility.
Patel Integrated Logistics Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that no rematerialization requests were received during the quarter ended December 31, 2025. Significantly, the registrar noted that the entire shareholding of the company is already maintained in dematerialized form. This is a standard administrative disclosure required by Indian market regulators to confirm the integrity of electronic share records.
- Compliance certificate issued for the quarter ended December 31, 2025.
- Registrar confirms that 100% of the company's shares are currently held in demat form.
- Zero requests for rematerialization of shares were received during the three-month period.
- The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
Patel Integrated Logistics Limited (PATINTLOG) has announced the incorporation of a new wholly-owned subsidiary, House of Patels Limited, as of January 06, 2026. The new entity will operate in the Logistics, Real Estate, and Facility Management sectors, which aligns with the parent company's existing business lines. As a newly incorporated entity, it has not yet commenced business operations and currently reports no turnover. The parent company holds 100% of the paid-up share capital, which was acquired through cash consideration.
- Incorporation of House of Patels Limited as a 100% wholly-owned subsidiary on January 06, 2026
- Business focus areas include Logistics, Real Estate, and Facility Management
- Initial capital for the subsidiary is provided in the form of cash by the parent company
- The subsidiary is headquartered in Mumbai, Maharashtra, and is yet to commence operations
- The incorporation is intended to complement the main line of business of Patel Integrated Logistics
Patel Integrated Logistics Limited (PATINTLOG) has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of financial results for the quarter and nine months ending December 31, 2025. The restriction applies to all board members, designated employees, and their immediate relatives. The window will reopen 48 hours after the financial results are officially disclosed to the exchanges.
- Trading window closure effective from January 1, 2026, for all designated persons.
- Closure pertains to the upcoming financial results for the quarter and nine months ended December 31, 2025.
- The window will remain closed until 48 hours after the public announcement of the results.
- The specific date for the Board of Directors meeting to approve results will be announced separately.
Patel Integrated Logistics Limited (PATINTLOG) has officially received an Income Tax refund amounting to Rs. 3.29 Crore. The company confirmed that the amount has been credited to its bank account, providing a direct boost to its cash reserves. Management has stated that this inflow will have a favorable impact on the company's financial position. This represents a positive non-operating cash event for the logistics firm.
- Received an Income Tax refund of Rs. 3.29 Crore
- Amount successfully credited to the company's bank account
- Management expects a favorable impact on the company's financials
- Disclosure made pursuant to Regulation 30 of SEBI LODR Regulations
Financial Performance
Revenue Growth by Segment
Operational income for Q2 FY26 reached INR 94 Cr, a 12% YoY increase. For H1 FY26, total operational income was INR 172 Cr, up 4% YoY. Domestic cargo volume grew 13% QoQ to 13,195 tons, while international cargo volume surged 31% QoQ to 2,198 tons.
Geographic Revenue Split
Not specifically disclosed by region, but the business is split between Domestic cargo (24,831 tons in H1 FY26) and International cargo (3,880 tons in H1 FY26).
Profitability Margins
PAT for Q2 FY26 was INR 2 Cr, a 15% YoY increase, with PAT margins improving to 2.44%. H1 FY26 PAT was INR 4 Cr, up 8% YoY, with a margin of 2.27%. The company focuses on maintaining profitability in a low-margin environment through volume-driven economies of scale.
EBITDA Margin
EBITDA for Q2 FY26 stood at INR 3 Cr, growing 14% YoY with a margin of 2.66%. H1 FY26 EBITDA was INR 5 Cr, up 2.3% YoY, with a margin of 2.61%.
Capital Expenditure
The company maintains an asset-light model. As of H1 FY26, Property, Plant, and Equipment (PPE) stood at INR 33 Cr, with Capital Work in Progress (CWIP) at a minimal INR 5 lakhs. Investment property is valued at INR 13 Cr.
Credit Rating & Borrowing
The company is now net debt-free as of November 2025. Interest paid in the recent period was only INR 21 lakhs, reflecting a significant reduction in borrowing costs.
Operational Drivers
Raw Materials
As a logistics provider, primary inputs are fuel and freight capacity (air and road), though specific commodity names like 'Aviation Turbine Fuel' are not explicitly listed as raw materials.
Key Suppliers
Not disclosed in available documents, but the company partners with airlines and third-party fleet owners for its asset-light air and road cargo operations.
Capacity Expansion
The company handled a total cargo volume of 15,393 tons in Q2 FY26. Expansion is focused on increasing volume throughput rather than physical asset ownership to maintain an asset-light structure.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but the company notes that overhead costs remain constant as volumes increase, allowing for margin expansion through economies of scale.
Manufacturing Efficiency
The company tracks blended realization per kg, which was INR 59.24 for Q2 FY26 and INR 58.22 for H1 FY26, reflecting disciplined pricing strategies.
Logistics & Distribution
The company operates an asset-light road and air cargo network, specifically stating they will not own trucks to maximize Return on Investment (ROI).
Strategic Growth
Expected Growth Rate
12%
Growth Strategy
The company is pursuing an asset-light, ROI-driven strategy focusing on air cargo and road transport. By not owning trucks or heavy assets, they aim to improve Return on Investment. Growth is expected through volume increases which leverage fixed overheads to expand EBITDA margins.
Products & Services
Air cargo handling (Domestic and International) and road logistics services.
Brand Portfolio
Patel Integrated Logistics.
New Products/Services
Continued focus on expanding the air cargo and road business segments with an emphasis on high-ROI customers.
Market Expansion
Targeting significant customers where ROI is higher, while avoiding capital-intensive asset creation.
External Factors
Industry Trends
The industry is shifting toward asset-light models. The company is positioning itself as a net debt-free, ROI-driven player, focusing on the growing air cargo segment which saw a 31% QoQ increase in international volumes.
Competitive Landscape
Operates in a competitive, low-margin logistics environment where scale and volume are the primary differentiators.
Competitive Moat
The moat is built on a net debt-free balance sheet and an established cargo network. Sustainability is driven by the transition to an asset-light model which protects the company from the high fixed costs of fleet ownership.
Macro Economic Sensitivity
Highly sensitive to national economic developments, changes in governmental policies, and fiscal laws.
Consumer Behavior
Increased demand for steady cargo movement across domestic and international networks.
Geopolitical Risks
The company notes that factors outside management control, such as political and social conditions, can cause actual results to differ from projections.
Regulatory & Governance
Industry Regulations
Compliance with Ind AS 115 for revenue recognition and Sections 177 and 188 of the Companies Act, 2013 regarding related party transactions.
Taxation Policy Impact
Deferred Tax Liability (Net) was INR 1.92 Cr as of March 31, 2025.
Legal Contingencies
The company faces disputed claims under various non-tax matters totaling INR 5.54 Cr (INR 553.82 lakhs) pending at various courts/forums, currently considered as contingent liabilities.
Risk Analysis
Key Uncertainties
Potential for material misstatements due to fraud or error in revenue recognition, and the risk of internal financial controls becoming inadequate due to changing conditions.
Geographic Concentration Risk
Not disclosed, though the company maintains a significant domestic network (86% of Q2 volume).
Third Party Dependencies
High dependency on third-party fleet providers for the road business as the company does not own trucks.
Technology Obsolescence Risk
The company has implemented accounting software with audit trail (edit log) facilities to ensure data integrity and statutory compliance.
Credit & Counterparty Risk
Trade receivables are a significant component of the balance sheet at INR 67.49 Cr, representing a potential credit risk if collections are delayed.