Patel Integrated Logistics Q2 FY27 results: net profit ₹2.21 crore

How did Patel Integrated Logistics perform in Q2 FY27?

Patel Integrated Logistics reported consolidated revenue of ₹109.75 crore in Q2 FY27, against ₹113.85 crore in Q1 FY27. Revenue fell 3.6% sequentially, while total income declined 3.8% from ₹114.59 crore to ₹110.23 crore. Other income was ₹0.48 crore and total expenses were ₹108.01 crore.

EBITDA was ₹2.46 crore in Q2 FY27, down 2.0% from ₹2.51 crore in the previous quarter, while the EBITDA margin remained 2.2%. Profit before tax was ₹2.21 crore, down 13.0% from ₹2.54 crore, and net profit was ₹2.21 crore, down 12.3% from ₹2.52 crore.

Profit attributable to owners was ₹2.19 crore, down 12.7% from ₹2.51 crore in Q1 FY27, and basic EPS was ₹0.34, down from ₹0.36. On the standalone basis, revenue was ₹107.42 crore, profit attributable to owners was ₹2.16 crore and revenue rose 14.1% from ₹2.28 crore of profit attributable to owners in the year-ago quarter.

What do the balance sheet and cash flow show?

As on 30 September 2026, total assets were ₹163.28 crore, compared with ₹163.34 crore on 31 March 2026, while total equity was ₹115.6 crore against ₹123.5 crore. Borrowings declined to ₹5.23 crore from ₹6.26 crore, and cash declined to ₹4.57 crore from ₹6.96 crore. Trade receivables rose to ₹78.39 crore from ₹72.77 crore, and trade payables rose to ₹13.62 crore from ₹13.14 crore.

For the first half of FY27, operating cash flow was ₹6.75 crore, investing cash flow was a negative ₹0.8 crore and financing cash flow was a negative ₹12.72 crore. Capital expenditure was ₹0.68 crore. A year-earlier comparison for the first-half cash-flow figures was not provided.

Which businesses drove the quarter?

The Co-loading of Air Freight Division reported revenue of ₹106.11 crore and EBIT of ₹2.69 crore, with an EBIT margin of 2.5%. The Other segment reported revenue of ₹3.64 crore and an EBIT loss of ₹0.47 crore, with an EBIT margin of negative 12.9%. Year-ago segment revenue, EBIT and growth figures were not provided for the consolidated results.

What else did the company announce?

On 2 November 2026, the Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the statutory auditors’ limited review reports. The results filing stated that the board approved the financial statements during its meeting on 2 November 2026.

The Board also approved the appointment of Krishna Mohan Shukla as Chief Financial Officer and Key Managerial Personnel with effect from 2 November 2026, based on the recommendation of the Nomination and Remuneration Committee. Shukla was described as a Chartered Accountant with over 14 years of progressive experience in finance, accounts, taxation, financial reporting, internal audit, corporate governance and business finance. The same-day filings did not announce a dividend or a fund raise.

What did Patel Integrated Logistics' management say?

In its November 2026 investor presentation, management said the company’s priorities included boosting domestic supply for seamless supply-chain integration and continuing to establish new warehouses. Management also said it was focused on growing cargo revenue using passenger airlines and expanding its clientele in e-commerce and pharma. No quantified targets were provided for these priorities.

Management said the company planned to implement a state-of-the-art track-and-trace system and continue technology enhancements. It also said it would optimise delivery timelines and improve the customer interface. The presentation described passenger-aircraft air freight across domestic and international markets, warehousing and integrated supply-chain services, and road-transport re-entry through Rajpat Logistics in January 2026.

Management identified lower international cargo load and softer Q2 profit as features of H1 FY27. The presentation flagged scarce air-cargo capacity, rising and volatile shipping rates, and pandemic, war or supply-chain-disruption scenarios as risks. It did not provide a quantified company outlook or analysts’ questions in the excerpts.

How did Patel Integrated Logistics shares react?

The filing appeared after market hours. The stock fell 1.1% after 5 minutes, rose 1.1% after 15 minutes and rose 1.0% after 30 minutes from the price when the filing appeared. On the reaction day, it fell 3.9% from the previous close of ₹12.66, compared with a 0.2% rise for the Logistics Solution Provider industry median.

By the next day’s close, the stock was down 2.1% from its pre-results close, while the industry median was up 1.4%; the relative move was negative 3.5 percentage points. The Nifty Microcap 250, the nearest market benchmark, rose 0.3% on the reaction day. Earlier results-day moves were 1.4% on 3 August 2026, 2.5% on 12 May 2026, negative 0.1% on 11 November 2025, negative 3.0% on 5 August 2025, negative 3.4% on 20 May 2025, 1.0% on 6 February 2025, 2.5% on 29 October 2024 and negative 4.1% on 1 August 2024.

How did other Logistics Solution Provider companies do?

Nineteen other Logistics Solution Provider companies had filed this quarter, with a median revenue growth of 15.2%. Of the peers for which profit was compared, 13 reported higher profit. The data did not provide the number of peers whose revenue grew slower than Patel Integrated Logistics or the number that grew faster.