27-Oct-2026 14:45:15
LEAP INDIA Q2 CONCALL : MANAGEMENT GUIDES ₹918–920 CR FY27 REVENUE, 50% EBITDA MARGIN & 60–80% PAT GROWTH; ANNOUNCES ₹142 CR ACQUISITION
• MANAGEMENT REITERATES FY27 REVENUE GUIDANCE OF ₹918–920 CR, WITH ORGANIC REVENUE GROWTH EXPECTED AT 20–27% • MANAGEMENT TARGETS FY27 EBITDA MARGIN OF APPROXIMATELY 50% & PAT OF AROUND ₹90 CR, WHILE ALSO INDICATING 60–80% PAT GROWTH • MANAGEMENT MAINTAINS FY27 CAPEX GUIDANCE OF APPROXIMATELY ₹450 CR, WITH EXPECTATIONS THAT FY28 OPERATING CASH FLOW COULD COVER ORGANIC ASSET CAPEX • MANAGEMENT TARGETS 36–37 LAKH PALLET MOVEMENTS IN FY27 VS 28 LAKH IN FY26, WITH APPROXIMATELY 10 LAKH MOVEMENTS EXPECTED IN Q4 • Q2 TOTAL INCOME UP 23% YOY TO ₹215.9 CR, WHILE EBITDA INCREASED 25% TO ₹109.7 CR • Q2 NET PROFIT SURGED 62% YOY TO ₹17.8 CR, WHILE EBITDA MARGIN EXPANDED 91 BPS TO 50.8% • H1 TOTAL INCOME UP 26% YOY TO ₹429.4 CR, EBITDA UP 23% TO ₹223.9 CR & NET PROFIT UP 42% TO ₹42.5 CR • COMPANY ANNOUNCED 100% ACQUISITION OF WIMPROTECH & TIPS FOR ₹142 CR, WITH REVENUE CONSOLIDATION EXPECTED FROM NOVEMBER 2026 • MANAGEMENT EXPECTS WIMPROTECH ACQUISITION TO IMPROVE PLASTIC-CRATE MARGINS BY APPROXIMATELY 10–12% THROUGH BACKWARD INTEGRATION & IN-HOUSE MANUFACTURING • MANAGEMENT EXPECTS INITIAL REVENUE FROM SAUDI ARABIA & UAE OPERATIONS IN Q3 FY27, WHILE EVALUATING ADDITIONAL GCC ACQUISITION OPPORTUNITIES • TOTAL ASSET POOL REACHED 1.55 CR ASSETS VALUED ABOVE ₹1,820 CR, WITH PALLET UTILISATION AT 89.3% & OVER 1,100 CUSTOMERS • MANAGEMENT EXPECTS FY27 NET PALLET ADDITIONS OF APPROXIMATELY 10–12 LAKH, WITH A LONGER-TERM FOCUS ON HIGHER UTILISATION & MOVEMENT-HIRE REVENUE • MANAGEMENT TARGETS RECEIVABLE DAYS BELOW 90 BY FY27-END FROM CURRENT 122 DAYS, SUPPORTED BY IMPROVED BILLING & COLLECTION PROCESSES • COMPANY REPAID APPROXIMATELY ₹360 CR DEBT USING IPO PROCEEDS, REDUCING NET DEBT/EBITDA TO 1.9X FROM 4.4X, WHILE CREDIT RATING IMPROVED TO A+ • MANAGEMENT REMAINS POSITIVE ON ASSET POOLING, AUTOMOTIVE PACKAGING & GCC EXPANSION, BUT HIGH RECEIVABLE DAYS, PLASTIC RAW-MATERIAL INFLATION, ACQUISITION INTEGRATION & CAPEX INTENSITY REMAIN KEY RISKS
LEAP INDIA LIMITED