Please find enclosed media release on Consolidated and Standalone on Un-audited Financial Results for the quarter and half year ended September 30, 2025.
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Lancer Container Lines reported a sharp year-on-year decline in consolidated revenue for Q2 FY26, falling about 54% to Rs. 93.67 crore from Rs. 202.09 crore a year ago. Consolidated EBITDA dropped to Rs. 5.51 crore (from Rs. 19.01 crore) and profit after tax fell to Rs. 6.77 crore from Rs. 15.91 crore. However, sequentially the company swung from a loss of Rs. 4.62 crore in Q1 FY26 to a profit of Rs. 6.77 crore in Q2, showing a recovery. The auditor (Praneti Yadav & Co.) gave an un-modified (clean) limited review opinion on both standalone and consolidated results. Separately, the board approved the acquisition of Dubai-based PKM General Trading LLC, which owns Indonesian logistics arm PT Map Trans Logistic, for Rs. 203.37 crore entirely through a share swap, issuing 10.29 crore new equity shares at Rs. 19.77 each to the sellers. To facilitate this, the board also proposed raising authorised share capital from Rs. 150 crore to Rs. 1,000 crore, subject to shareholder and regulatory approvals.
The steep YoY revenue and profit decline is a clear negative for shareholders, but the sequential turnaround in Q2 and the large strategic acquisition that brings an Indonesia logistics business (Rs. 232 crore CY2024 revenue) could meaningfully expand scale. The share-swap deal will dilute existing shareholders by roughly 29% and bring five new investors on board, materially changing the shareholder mix.