• Q1 financial performance: The company recorded a 19% top-line growth to ₹214 crore and an EBITDA of ₹114 crore, with EBITDA margins expanding to 53.5% and net profit growing by approximately 30%.
• Debt and deleveraging: Using IPO proceeds, LEAP India repaid ₹360 crore of debt to bring total borrowings down from ₹911 crore to ₹551 crore, reducing its debt-to-equity ratio to 0.4 on a net worth of ₹1,450 crore.
• Capex and asset deployment: Asset spending was scaled down to ₹76 crore from ₹110 crore in the previous year due to high container and plastic granule costs, with remaining funds temporarily parked in fixed deposits ahead of planned wood purchases.
• Growth outlook: Management guided for sustained annual revenue growth of around 20% over coming years, alongside higher PAT growth driven by lower interest costs and the end of depreciation cycles on 7-year automotive plastic assets.