Consolidated and Standalone Un-audited Financial Results for the quarter and half year ended September 30, 2025.
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Lancer Container Lines reported weak Q2 FY26 consolidated results with revenue falling sharply to Rs. 9,367.13 lakhs from Rs. 20,209.24 lakhs in Q2 FY25 (down ~54%). EBITDA dropped to Rs. 551.27 lakhs from Rs. 1,901.44 lakhs and profit after tax fell to Rs. 677.02 lakhs from Rs. 1,590.93 lakhs, though PAT turned positive from a loss of Rs. 461.55 lakhs in Q1 FY26. The board approved increasing authorised share capital from Rs. 150 crore to Rs. 1,000 crore and announced the acquisition of UAE-based P K M General Trading L.L.C (which owns Indonesian logistics firm PT Map Trans Logistic) for Rs. 203.37 crore, to be discharged by issuing 10.29 crore equity shares at Rs. 19.77 each on a preferential basis to five sellers. Post-deal, PKM GT will become a wholly owned subsidiary with PT Map as a step-down subsidiary, expanding Lancer's footprint into Indonesia and UAE. The limited review report carried an unmodified opinion.
Short-term pain from sharply declining revenue and profitability may weigh on the stock, but the acquisition, funded entirely through equity dilution, strengthens Lancer's global container logistics presence in Indonesia and the Middle East. Existing shareholders face dilution of roughly 29% (over 10 crore new shares on a base of ~25 crore), pending shareholder approval.