LEAP India Q1 Profit Rises 30% YoY to ₹25 Cr, Revenue Up 19%
Recently listed logistics company LEAP India reported a 30% year-over-year increase in net profit for the June quarter, reaching ₹24.7 Cr. Revenue also grew 19% to ₹203.4 Cr.
LEAP India, a logistics firm that recently went public, announced its financial results for the first quarter of fiscal year 2027 (ending June 30). The company's net profit saw a significant 30% increase compared to the previous year, amounting to ₹24.7 crore (approximately $2.95 million USD).
Operating revenue for the quarter grew by 19% year-over-year, reaching ₹203.4 crore (approximately $24.3 million USD), up from ₹170.8 crore in the same period last year. Sequentially, revenue remained largely flat, with a marginal dip from ₹203.5 crore in the preceding quarter.
Total expenses for the period rose by 17% year-over-year to ₹180.5 crore. The company reported other income of ₹10 crore, bringing its total income to ₹213.4 crore. Tax expenses for the quarter were recorded at ₹8.3 crore.
The financial performance indicates growth for LEAP India in the current fiscal year, driven by increased revenue and managed expenses. The company operates within India's expanding logistics sector.