Leap India Limited · NSE:LEAPIND
Leap India — Q1 FY2027 Earnings Presentation
45 slides from Leap India's earnings presentation, Aug 31, 2026
Slide 1: Exchange cover letter for press release and investor presentation
Date: August 31, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phirozee Jeejeeboy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400001. Bandra (East), Mumbai – 400051 Scrip Code: 544865 Symbol: LEAPIND Dear Sir/ M
Slide 2: Press release: LEAP India begins its listed journey with profitable growth
LEAP India begins its listed journey with profitable growth Earnings Outpace Revenue: Q1FY27 Revenue Rises 19%; PAT Grows Faster at 30% Mumbai, August 31st, 2026 (NSE: LEAPIND | BSE: LEAPIND) LEAP India Limited ("LEAP" or "the Company"), India's largest on-demand asset-pooling platform, today announ
Slide 3: Press release: customer network, growth and key financial highlights
Deepening Customer Network LEAP now serves 1,000+ customers across 10,500 touchpoints nationally, a network built on long- standing relationships with blue-chip manufacturers and retailers who depend on it for mission- critical supply-chain infrastructure. Churn among this base remains below 1% - a
Slide 4: Management Commentary
Management Commentary "We have entered FY27 with two significant milestones - a successful public listing and a strong first-quarter performance. Our listing marks the beginning of a new chapter for LEAP, enabling us to welcome a wider investor community and engage with shareholders through greater
Slide 5: LEAP India Limited 1Q FY27
LEAP India Limited Investor Presentation 1Q FY27 August 2026
Slide 6: Safe Harbor & Disclaimer
SAFE HARBOR & DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by LEAP India Limited (“LEAP” or the company) that are not historical in nature. These forward-looking statements, which may include statements 01 relating to future results of operations
Slide 7: Table of Contents
TABLE OF CONTENTS 01 Business Overview » 02 Quarterly Financial Performance » 03 Annual Financial Performance » 3
Slide 8: Executive Commentary
EXECUTIVE COMMENTARY "We have entered FY27 with two significant milestones - a successful public listing and a strong first-quarter performance. Our listing marks the beginning of a new chapter for LEAP, enabling us to welcome a wider investor community and engage with shareholders through greater t
Slide 9: Business Overview
Section 3: Strategic levers to capture 01. market growth Business Overview
Slide 10: #1 On Demand Asset Pooling Provider in India
#1 ON DEMAND ASSET POOLING PROVIDER IN INDIA Pay per use, procure as and when it is required, and hire-dehire anywhere FINANCIAL PERFORMANCE AS OF FY26 (CONSOLIDATED) Total Income EBITDA Cash PAT PAT EBITDA MARGIN ROCE 43 ₹7,474 Mn 44 ₹3,788 Mn 48 ₹2,667 Mn 91 ₹623 Mn 177 51% 409 19%+ % % % % bps bp
Slide 11: Journey to Becoming a Market Leader
JOURNEY TO BECOMING A MARKET LEADER Accounts for 90% market share in Indian Pallet Pooling market. Total Income (₹m) → CHEP India Acquisition Acquisition 100% Subsidiary 2013 1 24 122 370 691 1254 1720 1767 2130 2582 3719 4850 7474 2134 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 202
Slide 12: Scaling with Profitability
SCALING WITH PROFITABILITY Income growth 3× since FY23, while reported PAT expanded 7× with EBITDA margins sustaining above 50%. TOTAL INCOME (₹ Mn) EBITDA (₹ Mn) & Margin % 48.9% 56.4% 56.5% 50.7%** 42.5% 43% 7,474 CAGR FY23-FY26 44.2% 43% 3,788 CAGR FY23-FY26 2,738 4,850 2,099 1,263 3,719 2,582 FY
Slide 13: Expanding the Asset Base, Sustaining Efficiency
EXPANDING THE ASSET BASE, SUSTAINING EFFICIENCY Growing Asset base with high Asset utilization Total Assets (Qty in Mn) Pallet Utilisation Rate %* 14.7 87.9% 87.8% 87.5% 89.3% 13.3 6.9 7.9 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Container Utilisation Rate % MHE Utilisation Rate % 76.0% 71.7% 66.2% 8
Slide 14: Leveraging Growth. Improving Returns.
LEVERAGING GROWTH. IMPROVING RETURNS. Built for sustainable long-term value creation. DEBT TO EQUITY (x) RETURN ON CAPITAL EMPLOYED (%) 1.0x 0.9x 20.3% 18.0% 19.1% 0.7x 15.0% 0.6x 0.4x FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Post-IPO * CASH RETURN ON EQUITY (%) LEAP has war chest of ~INR 1,100 mn pa
Slide 15: Why Palletization?
WHY PALLETIZATION? Palletization turns individual pieces into a single, standardized unit - unlocking efficiency, safety and savings across operations. Higher Volume and Scale Automation of Supply Chain Grade A warehousing 01 02 03 and Vertical Stacking Faster truck turnaround and lower Rapid adopti
Slide 16: India's Underpenetrated, But Huge Headroom to Grow
INDIA'S UNDERPENETRATED. BUT HUGE HEADROOM TO GROW. 17% palletization & 9.4% pooling penetration implies India’s structural runway, LEAP’s ~90% market share positions it at the forefront of organized adoption. Palletization and pallet pooling are underpenetrated in India* Globally, the pallet indust
Slide 17: While India Has the Headroom, LEAP Has the Lead
WHILE INDIA HAS THE HEADROOM. LEAP HAS THE LEAD. Indian pallet pooling market is at nascent stage & expected to grow ~15% CAGR FY26-31, LEAP’s current market share ~90%+ 106 Mn Units FY26-FY31E CAGR for pooling pallet Total Industry Pallets In India as of FY26 14.9% From 10 Million units to 20Millio
Slide 18: Our Share & Reuse Business Model (1/2)
OUR SHARE & REUSE BUSINESS MODEL (1/2) For customers Pay-per-Use model. For LEAP Annuity Income. We offer flexible pooling solutions tailored to how our customers operate. Both models leverage the same network, infrastructure and asset quality. Phase I Next Level STATIC HIRE Assets remain at the cus
Slide 19: The Next Leg of Growth (2/2): Movement Hire
THE NEXT LEG OF GROWTH..(2/2) One pallet. Multiple movements. Recurring revenue. 1 3 Next Move - Expanding across e-com/Supermarkets to further many dark stores and large retailers Next Level 2 5 4 Phase II MOVEMENT HIRE 6 Assets circulate across multiple supply chain partners Billing Typical use ca
Slide 20: Why Customers Choose Us?
WHY CUSTOMERS CHOOSE US? One pallet catering different needs and Multiple Segments. Food & E-Com & Industrials & FMCG 3PL Beverages Q-Com Others Companies with high ROCE prefer to be Companies with asset light & don't own pallets high ROCE Companies keep lean pallets inventory in stock and lease Sea
Slide 21: Tech Enabled. Professionally Managed. Fully Accountable
TECH ENABLED. PROFESSIONALLY MANAGED. FULLY ACCOUNTABLE Every asset. Every movement. Every day. LEAP manages the asset lifecycle after delivery — with visibility, control and accountability. Input Tracking Platform Tracking Integration Layer Value Layer Driving operational Asset Tracking via RFID &
Slide 22: Our Strategic Priorities
OUR STRATEGIC PRIORITIES Overall, To Achieve Profitable Growth Replicating success stories Industries adopting Integrating across customers palletization in India value chain Expansion Penetration Penetration within in new across the existing industries supply chain industries Strategic innovative p
Slide 23: Success Story: Leading Dairy Co-operative
ONE OF OUR SUCCESS STORIES OF A LEADING DAIRY CO-OPERATIVE How LEAP helped them scale: 8x Pool Growth. 12x Revenue Growth. Remarkable Growth in Action. PRE-PALLETISATION THE CHALLENGES BEFORE EFFICIENCY PALLETISED LOADING THE SMARTER, FASTER & SAFER WAY Manual Hand Balling; High High time at dock &
Slide 24: Success Story: Pioneer in Textiles Movement Hire
ANOTHER SUCCESS STORY – POINEER IN TEXTILES MOVEMENT HIRE 3x Pool Growth. Sustainable packaging. Strongly adopted by other textile players PRE-PALLETISATION THE CHALLENGES BEFORE EFFICIENCY PALLETISED LOADING THE SMARTER, FASTER & SAFER WAY HIGHER COSTS. LOW EFFICIENCY. MORE RISKS LOWER COSTS, HIGHE
Slide 25: Strategic Acquisitions
STRATEGIC AQUISITIONS Inorganic opportunities to build capabilities, diversify portfolio and growth Consolidated position in the asset pooling industry by acquiring CHEP Expanding product offering and including diverse range of assets CHEP (FY25) (FY23) ~90% market share captured and made LEAP #1 ma
Slide 26: The Next Growth Frontier – Expansion to GCC
THE NEXT GROWTH FRONTIER – EXPANSION TO GCC MHE’s flow-based model drives high asset turnover, supporting further geographic expansion. Having built a dominant position in wooden pallet pooling in India, LEAP is evaluating the GCC as its next growth market Why GCC? Movement-hire model already preval
Slide 27: Sustainability Embedded. ESG-Led Growth.
SUSTAINABILITY EMBEDDED. ESG-LED GROWTH. More efficiently LEAP circulates assets, the lower its resource consumption and carbon output 01 ONE WAY PALLETS 02 CORRUGATED BOXES 03 NON-RENEWABLE FUEL RESUSABLE PALLETS RESUSABLE CONTAINERS LITHION-ION FORKLIFTS Every pallet pooled, repaired, and reissued
Slide 28: Experienced Management
EXPERIENCED MANAGEMENT Founder Led Company with Experienced Board & Strong Management Committee Experienced Board of Directors Hardik Bhadrik Shah Vaibhav Vaidya Non-Executive Director Non-Executive Director 20+ Years Experience 13+ Years Experience KKR | Macquarie | Brookfield KKR | Motilal Oswal |
Slide 29: Maintaining Highest Level of Corporate Governance
MAINTAINING HIGHEST LEVEL OF CORPORATE GOVERNANCE Engaging with top professionals and industry leaders STATUTORY AUDITOR INTERNAL AUDITOR CREDIT RATING AGENCY Rated as A (Stable) BANKING PARTNERS 25
Slide 30: Awards and Recognition
AWARDS AND RECOGNITION Recognized for excellence and leadership in the industry The Game Changer - SAP ACE Award by PwC Influential Leaders of India Times Now Impactful CEO Award Sustainable Business of the Year 2025 ISO 27001:2022 Certification Brand of the Year Best innovation in Best Innovation m
Slide 31: Employee Engagement
EMPLOYEE ENGAGEMENT Building a connected, inclusive and engaged workplace 27
Slide 32: Corporate Social Responsibilities
CORPORATE SOCIAL RESPONSIBILITIES Creating a positive impact across communities and society Supporting Our Communities Building a Safer & Brighter Future Empowering Women Support for Children through Transport Actively supported learning Donation of Pink Auto to centers like Dhanak School female ent
Slide 33: Quarterly Financial Performance
Section 3: Strategic levers to capture 02. market growth Quarterly Financial Performance
Slide 34: Q1FY27: Key Highlights
Q1FY27 : KEY HIGHLIGHTS Q1FY27 PERFORMANCE ON A YOY BASIS Landmark Public Listing 1 Public listing strengthens visibility, governance and balance-sheet flexibility for future growth. Total Income Total Assets 2 Marquee Investor Backing ₹2,134 Mn 14.9 Mn Continued institutional backing from KKR (reta
Slide 35: Scaling the Asset Base, Sustaining High Utilization
SCALING THE ASSET BASE, SUSTAINING HIGH UTILIZATION Total Assets (Qty in Mn) Pallet Utilisation Rate % 14.9 88.6% 89.2% 13.7 1QFY26 1QFY27 1QFY26 1QFY27 Container Utilisation Rate % MHE value Utilisation Rate % 73.2% 72.9% 82.9% 80.9% 1QFY26 1QFY27 1QFY26 1QFY27 Maintaining Asset utilization levels
Slide 36: Q1FY27: Delivered Strong Financial Performance
Q1FY27 : DELIVERED STRONG FINANCIAL PERFORMANCE Total Income EBITDA & Margins PAT & Cash PAT Total Income up by 19% EBITDA up 21% with Margin of 53% PAT up 30% & Cash PAT up 23% 2% 52.3% 52.4% 53.7% 53.5% 812 2% 16% 659 15% 1,141 943 82% 247 83% 190 1QFY26 1QFY27 1QFY26 1QFY27 1QFY26 1QFY27 Others M
Slide 37: Bigger Pool, Wider Reach
BIGGER POOL, WIDER REACH Total Assets (Qty Mn) Total Asset breakup 9.2 mn 1.0 0.2 14.9 +1.0 Mn 13.7 8.2 mn 5.7 mn +0.2 Mn 5.5 mn 4,532 3,065 +1,467 1QFY27 1QFY26 1QFY26 Pallet Others 1QFY27 Customers Touchpoints Fulfilment centers* 10,500+ 1.5x 1.1x 1,000+ 30 Synergies 28 900+ 7,000+ 1QFY26 1QFY27 1
Slide 38: Segment Wise Revenue Split
SEGMENT WISE REVENUE SPLIT Income (₹ Mn) Product wise Income (₹ Mn) YoY 2,134 1,273 +18% 1,800 1,075 413 1QFY26 1QFY27 +13% 364 Income Contribution 5% 348 5% 20% 19% +29% 269 1QFY26 1QFY27 15% 16% 100 60% +9% 60% Others 92 Pallets Container MHE Others 1QFY27 1QFY26 34
Slide 39: Quarterly Profit and Loss Statement
QUARTERLY PROFIT AND LOSS STATEMENT ₹ Mn 1Q FY27 1Q FY26 Y-o-Y Revenue from Operations 2,034 1,708 19.1% Other Income 100 92 9.4% Total Income 2,134 1,800 18.6% Total expenses 993 857 15.9% EBITDA 1,141 943 21.0% EBITDA margin% 53.5% 52.4% +108 bps Depreciation, Amortisation & Impairment 565 469 20.
Slide 40: Annual Financial Performance
Section 3: Strategic levers to capture 03. market growth Annual Financial Performance
Slide 41: Annual Consolidated Income Statement
ANNUAL CONSOLIDATED INCOME STATEMENT ₹ Mn FY23 FY24 FY25 FY26 CAGR Revenue from Operations 2,534 3,650 4,665 7,295 42.3% Other Income 48 70 186 178 Total Income 2,582 3,719 4,850 7,474 42.5% Total expenses 1,319 1,620 2,112 3,685 EBITDA 1,263 2,099 2,738 3,788 44.2% EBITDA margin% 48.9% 56.4% 56.5%
Slide 42: Annual Consolidated Balance Sheet
ANNUAL CONSOLIDATED BALANCE SHEET Assets (₹ Mn) FY23 FY24 FY25 FY26 Liabilities (₹ Mn) FY23 FY24 FY25 FY26 Non-current assets 9,407 11,115 16,054 18,699 Total Equity 5,694 7,142 9,173 10,063 Property, plant and equipment 8,058 9,750 12,293 14,807 Equity share capital 21 27 30 121 Instruments entirel
Slide 43: Annual Consolidated Cash Flows
ANNUAL CONSOLIDATED CASH FLOWS ₹ Mn FY23 FY24 FY25 FY26 Profit before tax 98 467 521 809 Operating profit before working capital changes 1,297 2,080 2,577 3,760 Net cash generated from operating activities (A) 1,530 1,491 2,550 2,683 Purchase of Property plant & equipment net of sales (1,000) (3,026
Slide 44: Glossary
GLOSSARY Term Description Pallet utilization rate denotes the rolling 12-months average of month-end pallet stock deployed at customer locations, benchmarked against the total Pallet Utilization number of pooling pallets owned by the company over the same period. Container utilization rate denotes t
Slide 45: Thank You
Thank You Commerz, 14th Floor, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai, 400063. India +91 (022) 6958 8700 Rh & info@leapindia.net www.leapindia.net