IPO-bound LEAP India posts 66% FY26 profit growth as revenue rises 56%

Supply-chain provider LEAP India reported FY26 net profit of ₹62.3 crore and operating revenue of ₹729.5 crore. The company, which acquired CHEP India for ₹77.58 crore, is pursuing a ₹2,480 crore IPO to support its logistics-platform expansion.

— Source publishedTue, 4 Aug, 2026, 15:49 IST·First seen Tue, 4 Aug, 2026, 16:37 IST·Source Inc42 · Buzz

What happened

Leap India · Supply-chain provider LEAP India reported FY26 profit growth of 65.7% and revenue growth of 56.4%, aided by expansion. It acquired CHEP India and

Key facts

  • FY26 consolidated net profit ₹62.3 Cr, up 65.7% YoY
  • FY26 operating revenue ₹729.5 Cr, up 56.4% YoY
  • FY26 total income ₹747.4 Cr
  • FY26 total expenses ₹666.5 Cr, up 54% YoY
  • FY26 EBITDA ₹378.8 Cr, up 38.3% YoY
  • CHEP India acquisition: ₹77.58 Cr
  • IPO size: ₹2,480 Cr, including ₹480 Cr fresh issue and ₹2,000 Cr OFS
  • IPO price band: ₹151-₹159 per share

Why this matters

The ₹77.58 crore CHEP India deal strengthens LEAP India’s logistics-platform footprint and illustrates how targeted asset-pool acquisitions can accelerate scale ahead of a public listing.

What to watch

  • IPO draft prospectus, valuation target, issue structure and stated debt or capex allocation.
  • FY27 revenue growth versus FY26's 56.4% increase, especially organic growth excluding CHEP India.
  • Operating margin, EBITDA conversion, cash flow from operations and working-capital days.
  • CHEP India integration costs, customer retention and evidence of cross-selling.
  • Asset utilization, pallet-loss rates, depot expansion and capital-expenditure intensity.
  • Competitive pricing from pallet-pooling, warehousing and third-party logistics rivals.
  • Demand trends from FMCG, consumer goods, automotive, retail and e-commerce customers.
  • Advance IPO filings, investor outreach and use of proceeds disclosures focused on logistics-platform expansion.
  • Integrate CHEP India operations, customer contracts, depot networks and returnable-packaging assets.
  • Increase pallet and container pool capacity near manufacturing, FMCG, retail and e-commerce clusters.
  • Pursue enterprise contracts that raise asset turns and reduce dependence on one-time logistics projects.
  • Invest in tracking, recovery and route-optimization technology to limit asset leakage and improve utilization.