Results · Professional & Local Services

Leap India posts 30% profit jump in Q1

By Startup Enthusiast · 31 August 2026

What they do

Leap India provides supply chain solutions like equipment pooling and inventory management

Q1 FY27 net profit rose 30% to ₹24.7 crore, revenue up 19% to ₹203.4 crore

EBITDA margin improved to 53.5%, and the company added 100 new customers

Leap India reported a 30% year-on-year increase in net profit to ₹24.7 crore for Q1 FY27.
Operating revenue grew 19% to ₹203.4 crore from ₹170.8 crore a year ago.
Total income for the quarter was ₹213.4 crore, including ₹10 crore from other income.
Expenses rose 17% to ₹180.5 crore, while tax expense stood at ₹8.3 crore.
EBITDA increased 21% to ₹114.1 crore, with margin improving to 53.5% (up 108 basis points).
Sequentially, profit dipped 8.5% from ₹27 crore in Q4 FY26, while revenue was nearly flat.
The company's shares were listed in mid-August at a premium of about 4.4% over the issue price of ₹159.
Shares closed Monday at ₹167.70 on BSE, down 0.47%.

The results come shortly after Leap India's IPO in August 2026, which raised ₹480 crore in fresh issue and ₹2,000 crore in offer for sale.
The company's core pallets vertical contributed 60% of total income, growing 18% year-on-year.
Customer churn remains below 1%, indicating strong retention.
The company added 100 new customers in Q1, taking its total client base to over 1,000.

Leap India provides supply chain solutions including equipment pooling, inventory management, transportation, and repair and maintenance.
It serves sectors such as FMCG, beverages, ecommerce, automotive, and retail.
The company's owned and managed asset base is about 1.5 crore units, up 9% year-on-year.
In Q1 FY27, it added 10 lakh pallets, 20 lakh containers, and 1,467 MHE assets.
Total pallets stood at 92 lakhs, containers at 57 lakhs, and MHE pooled assets at 4,532.
Pallet utilisation rate was 89.2% in Q1 FY27, up from 88.6% a year ago.
Container utilisation rate was 72.9%, slightly down from 73.2%, and MHE value utilisation was 80.9%, down from 82.9%.
Touchpoints increased over 50% year-on-year to 10,500, while fulfilment centres declined to 28 from 30.

Expand movement hire to transfer assets between entities and improve utilisation.
Cross-sell pallets, containers, and MHE to existing customers.
Extend pooling services to new industries.
Build presence in the GCC region via wholly owned subsidiaries in Saudi Arabia and UAE.

Product: A full-stack international student mobility and study-abroad platform.
Customers: Students planning to study overseas, with universities and education partners also involved in the funnel.
How it makes money: Makes money through student services and partner referrals or commissions from education institutions.
What sets it apart: Offers end-to-end support across the study-abroad journey and is expanding into new geographies.
Operations: Works with educational institutions abroad and supports international student placement.