• Financial performance: In its first post-listing quarterly results, LEAP India reported a 19% revenue increase to ₹214 crore, EBITDA growth of 22% to ₹114 crore with margins reaching 53.5%, and an approximate 30% increase in PAT.
• Debt and capex: The company utilized IPO proceeds to repay ₹360 crore of debt, reducing remaining borrowings to ₹551 crore and its debt-to-equity ratio to 0.4 on a net worth of ₹1,450 crore, while slowing asset additions to ₹76 crore due to elevated granule and container prices.
• Margin expansion: Management expects further EBITDA margin expansion of 200 to 300 basis points, driven by operating leverage, vertical warehouse scaling, and a transition from part-truckload to full-truckload logistics.
• Growth guidance: LEAP India targets continuous annual top-line growth of around 20%, alongside accelerated PAT expansion supported by lower interest expenses and the end of 7-year depreciation cycles on automotive plastic assets.