Leap India Q2 FY27 Results: Consolidated Net Profit ₹17.80 Crore on Total Income of ₹216 Crore
Earnings
asset pooling services
Blacklitt Research3 min read
Leap India reported consolidated total income of ₹215.93 crore and net profit of ₹17.80 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹180.37 crore and standalone net profit was ₹18.06 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹215.93 crore, up 22.5% YoY and 1.2% QoQ
Net profit: ₹17.80 crore, up 62.0% YoY and down 28.0% QoQ
EPS, basic: ₹0.43, against ₹0.73 a year earlier and ₹0.60 in the previous quarter
Exceptional item: ₹6.85 crore of prepayment charges on long-term borrowings and Non-Convertible Debentures
Standalone
The company on its own, without its subsidiaries
Total income: ₹180.37 crore, up 16.0% YoY and down 0.5% QoQ
Net profit: ₹18.06 crore, up 59.0% YoY and down 26.2% QoQ
EPS, basic: ₹0.43, against ₹0.28 a year earlier and ₹0.60 in the previous quarter
Other income: ₹7.13 crore, up 180.7% YoY and down 42.8% QoQ
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
215.93
176.20
+22.5%
213.44
+1.2%
Revenue from operations
211.19
178.67
+18.2%
203.41
+3.8%
Other income
4.74
-2.46
n/a
10.03
-52.8%
17.80
10.99
+62.0%
24.73
-28.0%
Profit before tax
23.85
14.68
+62.4%
32.99
-27.7%
Finance costs
21.48
24.39
-11.9%
24.67
-12.9%
Depreciation
57.56
48.88
+17.8%
56.49
+1.9%
Tax expense
6.05
3.70
+63.5%
8.26
-26.8%
Net profit margin
8.25%
6.24%
+2.01 pp
11.59%
-3.34 pp
EPS, basic (₹)
0.43
0.73
-41.1%
0.60
-28.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 62.0% YoY to ₹17.80 crore, faster than total income, which rose 22.5% to ₹215.93 crore. Profit before tax rose 62.4% to ₹23.85 crore, so net profit grew slower than profit before tax. Tax expense rose 63.5% to ₹6.05 crore, which is 25.4% of profit before tax of ₹23.85 crore.
The statement shows an exceptional item of ₹6.85 crore, described as prepayment charges on long-term borrowings and Non-Convertible Debentures, and profit before tax is shown after it. Depreciation rose 17.8% to ₹57.56 crore, while finance costs fell 11.9% to ₹21.48 crore.
Other income was ₹4.74 crore, against ₹10.03 crore in the previous quarter and minus ₹2.46 crore a year earlier. Other income is 2.2% of total income this quarter. Basic EPS fell 41.1% to ₹0.43 from ₹0.73, while net profit rose 62.0%. The IPO was completed on 14 Aug 2026, within this quarter.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
180.37
155.48
+16.0%
181.28
-0.5%
Revenue from operations
173.25
152.94
+13.3%
168.81
+2.6%
Other income
7.13
2.54
+180.7%
12.47
-42.8%
18.06
11.36
+59.0%
24.47
-26.2%
Profit before tax
24.19
15.18
+59.4%
32.64
-25.9%
Finance costs
18.65
21.08
-11.5%
22.02
-15.3%
Depreciation
52.89
46.04
+14.9%
52.06
+1.6%
Tax expense
6.13
3.82
+60.5%
8.17
-25.0%
Net profit margin
10.01%
7.31%
+2.71 pp
13.50%
-3.49 pp
EPS, basic (₹)
0.43
0.28
+53.6%
0.60
-28.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 59.0% YoY to ₹18.06 crore, faster than total income, which rose 16.0% to ₹180.37 crore. Profit before tax rose 59.4% to ₹24.19 crore, and tax expense of ₹6.13 crore is 25.4% of it. Net profit fell 26.2% QoQ, more than total income, which fell 0.5%.
Revenue from operations rose 13.3% YoY to ₹173.25 crore, slower than other income, which rose 180.7% to ₹7.13 crore. Other income of ₹7.13 crore is 29.5% of profit before tax of ₹24.19 crore. Finance costs of ₹18.65 crore are 10.3% of total income and fell 11.5% YoY. Basic EPS rose 53.6% to ₹0.43 from ₹0.28.
Inference
The company completed its IPO on 14 Aug 2026 of 155,974,840 equity shares of face value ₹1 at ₹159 a share, and its shares were listed on NSE and BSE on the same day. The fresh issue was 30,188,678 shares for ₹480 crore and the offer for sale was 125,786,162 shares for ₹2,000 crore. Up to 30 Sep 2026, ₹399.58 crore of IPO proceeds was utilised: ₹359.61 crore for prepayment or repayment of borrowings, ₹31.60 crore for general corporate purposes and ₹8.36 crore for issue related expenses. ₹25.62 crore is retained in escrow and ₹9.79 crore is held in a monitoring account.
The operational committee approved on 26 Aug 2026 an equity contribution of USD 9,99,999.99 to LEAP MENA Holdings Limited, UAE, a wholly owned subsidiary, to be remitted in one or more tranches. After the half year, the company incorporated two wholly owned subsidiaries in India: Vimprotech Private Limited on 1 Oct 2026 and Total Integrated Packaging Solutions Limited on 5 Oct 2026. The auditor says three subsidiaries were not reviewed by their auditors, with a net loss after tax of ₹66.8 lakh, and that these results are not material to the group.
The filing does not give the reason for the change in other income, the weighted average share count behind the EPS figures, or any outlook for future periods.
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