• IPO proceeds allocation: Out of the ₹390-plus crore fresh issue, ₹216 crore will be utilized for debt reduction and ₹130 crore for incremental working capital, lowering short-term interest costs and avoiding additional debt financing.
• Revenue growth strategy: Following a 25% revenue growth in FY26 despite a 7–8% moderation in freight rates, the company plans to drive future volume growth by expanding its customer base, widening its geographic footprint, and evaluating potential acquisition opportunities.
• Freight rate dynamics: The 5–10% variations in freight rates and fuel costs caused by geopolitical shocks, such as conflicts in the Middle East and Ukraine, are treated as pass-throughs to customers to maintain stable profitability.
• Operating margin trend: Margins expanded from 3.75% in FY24 to 3.85% in FY25 and reached 4.47% in FY26, driven by higher service quality and tailored customer solutions.