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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
LEAP India Ltd

LEAP India Q2 FY27 Profit After Tax rose 62% to Rs. 178 Mn

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 26 Oct 2026, 10:16 PM IST  ·  BSE ID: 069de366-a6ad-4b13-932a-c178f0a9beb4
View Original BSE Filing (PDF)
💡
In Simple Terms
LEAP India's quarterly profit grew much faster than its revenue, and it acquired two companies while significantly cutting its debt.
🤖 AI Summary
  • LEAP India's Total Income for Q2 FY27 rose 23% YoY to Rs. 2,159 Mn, with Profit After Tax surging 62% YoY to Rs. 178 Mn.
  • The company completed Rs. 1,420 Mn acquisitions of Vimprotech and TIPS, adding in-house plastics manufacturing and automotive container pooling capabilities.
  • Net debt nearly halved to Rs. 4,337 Mn from Rs. 8,010 Mn a year ago, improving debt-to-equity to 0.48x from 0.96x.
  • India Ratings & Research upgraded LEAP India's long-term bank loan rating to IND A+ / Stable from IND A, and short-term rating to IND A1+ from IND A1.
  • Asset utilisation remained high: pallets at 89.3%, MHE at 82.3%, and containers at 73.7% as of September 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Income (Q2 FY27)
Rs. 2,159 Mn
23%
EBITDA (Q2 FY27)
Rs. 1,097 Mn
25%
Profit After Tax (Q2 FY27)
Rs. 178 Mn
62%
Net Debt
Rs. 4,337 Mn
Debt-to-equity
0.48x
Acquisition Value (Vimprotech & TIPS)
Rs. 1,420 Mn
Total Income (H1 FY27)
Rs. 4,294 Mn
21%
Profit After Tax (H1 FY27)
Rs. 425 Mn
42%
🏢 How This Affects the Company
📈
Business Impact
The acquisitions of Vimprotech and TIPS for Rs. 1,420 Mn expand LEAP India's platform into end-to-end returnable packaging solutions, adding 200+ new customers and new capabilities like in-house plastics manufacturing and automotive container pooling.
💰
Financial Impact
Profit After Tax surged 62% YoY to Rs. 178 Mn for Q2 FY27. Net debt decreased to Rs. 4,337 Mn from Rs. 8,010 Mn a year ago, improving debt-to-equity to 0.48x and net debt to EBITDA to 1.9x.
⚙️
Operational Impact
Backward integration from the acquisitions enhances supply chain control and supports cost efficiencies. Increased asset utilisation rates across pallets (89.3%), MHE (82.3%), and containers (73.7%) indicate operational efficiency.
⚠️
Risk Impact
The credit rating upgrade to IND A+ / Stable from IND A by India Ratings & Research reduces financial risk and provides meaningful flexibility to fund future growth. Decreased net debt also lowers financial leverage risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the improved financial performance and strengthened balance sheet, as well as the strategic expansion of the company's business through acquisitions.
🔍
Management Signal
Management is prioritizing profitable growth through operating leverage, strategic acquisitions for backward integration and market expansion, and strengthening the balance sheet through debt reduction.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — assess impact of acquisitions on revenue and profitability.
Investor presentations — monitor details on integration of Vimprotech and TIPS.
Credit rating updates — track any further changes from agencies like India Ratings & Research.
LOW RISK Strong financial performance, significant debt reduction, and a credit rating upgrade reduce immediate financial risks.
💡 Investor Takeaway
LEAP India's Q2 FY27 Profit After Tax grew 62% YoY to Rs. 178 Mn, on a Total Income increase of 23% to Rs. 2,159 Mn. Net debt was reduced to Rs. 4,337 Mn, and the company completed two strategic acquisitions totaling Rs. 1,420 Mn.
⚖️ Strengths & Concerns

✅ Positives

  • Profit After Tax for Q2 FY27 increased 62% YoY to Rs. 178 Mn, growing nearly three times faster than Total Income, demonstrating operating leverage.
  • Net debt nearly halved to Rs. 4,337 Mn from Rs. 8,010 Mn a year ago, with debt-to-equity improving to 0.48x from 0.96x.
📅 Company Track Record
Previous filings for LEAP India in October 2026 reported Q2 FY27 profit of Rs. 180.57 million (up 59.07% YoY) and an Investor Presentation highlighted Q2 FY27 PAT rising 62% to Rs. 178 Mn, with debt nearly halved. The Board also approved a Rs. 1265,06,66,760 share capital re-classification.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was LEAP India's Total Income for Q2 FY27?
LEAP India reported a Total Income of Rs. 2,159 Mn for Q2 FY27, representing a 23% year-on-year increase.
How much did LEAP India's Profit After Tax increase in Q2 FY27?
Profit After Tax for Q2 FY27 surged 62% year-on-year to Rs. 178 Mn, with the PAT margin expanding 200 bps to 8.2%.
What were LEAP India's strategic acquisitions in Q2 FY27?
LEAP India completed the Rs. 1,420 Mn acquisitions of Vimprotech and TIPS, expanding its capabilities in plastics manufacturing and automotive container pooling.
How did LEAP India's debt position change as of September 30, 2026?
Net debt nearly halved to Rs. 4,337 Mn from Rs. 8,010 Mn a year ago, improving the debt-to-equity ratio to 0.48x from 0.96x.
What was the credit rating update for LEAP India?
India Ratings & Research upgraded LEAP India's long-term bank loan rating to IND A+ / Stable from IND A, and its short-term rating to IND A1+ from IND A1.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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