LEAP India Q2FY27 PAT Surges 62% to ₹178 Mn on 23% Income Growth; Acquires Vimprotech & TIPS
LEAP India reported Q2FY27 PAT surged 62% to ₹178 Mn on 23% income growth to ₹2,159 Mn. H1FY27 PAT rose 42% to ₹425 Mn on 21% income growth to ₹4,294 Mn. The company acquired Vimprotech and TIPS for ₹1,420 Mn to build an end-to-end packaging platform. Net debt reduced to ₹4,337 Mn, and credit ratings were upgraded by India Ratings.
The strong financial results, particularly the substantial PAT growth, coupled with strategic acquisitions and a credit rating upgrade, are significant developments that are likely to have a material positive impact on the company's market position and investor confidence.
The company reported strong profit growth significantly outpacing revenue growth, a substantial reduction in debt, and a credit rating upgrade. Additionally, strategic acquisitions were made to expand its business capabilities, all indicating positive operational and financial performance.
LEAP India Limited announced its Unaudited Financial Results for the quarter and half year ended September 30, 2026 (Q2/H1 FY27).
For Q2FY27, total income grew 23% year-on-year to ₹2,159 Mn, with asset-pooling income up 19% and MHE income up 52%. EBITDA increased by 25% to ₹1,097 Mn, with margins expanding 91 bps to 50.8%. Profit After Tax surged 62% to ₹178 Mn, and PAT margin widened by 200 bps to 8.2%.
For H1FY27, total income grew 21% to ₹4,294 Mn, and PAT grew 42% to ₹425 Mn, with PAT margin expanding 149 bps to 9.9%. The company reported a nearly halved net debt of ₹4,337 Mn compared to ₹8,010 Mn a year ago.
LEAP India also announced the strategic acquisitions of Vimprotech and TIPS for ₹1,420 Mn. Vimprotech adds in-house design, mould-making, and plastics manufacturing capabilities, while TIPS strengthens its automotive container pooling business. These acquisitions are expected to enhance backward integration, reduce dependency, improve cost efficiencies, and open cross-selling opportunities.
India Ratings & Research upgraded LEAP & TARON's long-term bank loan rating to IND A+ / Stable and short-term rating to IND A1+. The company's debt-to-equity ratio improved to 0.48x from 0.96x, and net debt to EBITDA decreased to approximately 1.9x from 4.4x.
Commenting on the performance, Mr. Sunu Mathew, Chairman, Managing Director & CEO, stated that profits grew significantly ahead of revenue due to operating leverage and disciplined cost management. He highlighted the strategic acquisitions' role in strengthening LEAP India's position as an end-to-end returnable packaging solutions provider and the improved balance sheet.
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