Patel Integrated Logistics Ltd-$ — Q4 FY26 earnings call
Summary generated by AI from the official transcript Patel Integrated Logistics Ltd-$ filed with BSE on 14 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Patel Integrated Logistics reported Q4 FY26 total income from operations up 11.68% year-on-year to INR96.74 crores, with profit before tax rising nearly 99% to INR3.70 crores and profit after tax up over 60% to INR2.98 crores. For the full year FY26, total income from operations was INR357.25 crores, profit before tax grew over 34% to INR10.30 crores, and profit after tax rose more than 26% to INR9.58 crores. Management also announced a final dividend of INR0.40 per equity share and discussed the ramp-up of its new subsidiary, Rajpat Logistics Limited.
Numbers mentioned
Total income from operations: INR96.74 crores (Q4 FY26)
p. 3
“Total income from operations increased by 11.68% year-on-year to INR96.74 crores.”
Mahesh Fogla, page 3 of the filed PDF · View the filing
Profit before tax: INR3.70 crores (Q4 FY26)
p. 3
“profit before tax increased by nearly 99% to INR3.70 crores, while profit after tax rose by over 60% to INR2.98 crores”
Mahesh Fogla, page 3 of the filed PDF · View the filing
Earnings per share: INR0.43 per share (Q4 FY26)
p. 3
“earnings per share for the quarter increased by approximately 54% to INR0.43 per share”
Mahesh Fogla, page 3 of the filed PDF · View the filing
Total income from operations: INR357.25 crores (FY26)
p. 3
“Our company reported total income from operations of INR357.25 crores.”
Mahesh Fogla, page 3 of the filed PDF · View the filing
Profit before tax: INR10.30 crores (FY26)
p. 3
“our profit grew by over 34% year-on-year to INR10.30 crores.”
Mahesh Fogla, page 3 of the filed PDF · View the filing
Profit after tax: INR9.58 crores (FY26)
p. 3
“profit after tax also increased by more than”
Mahesh Fogla, page 3 of the filed PDF · View the filing
Air freight segment profit: INR11.26 crores (FY26)
p. 4
“segment profit, segment air freight division profit increased to INR11.26 crores in FY 2025-26 compared to INR8.53 crores in the previous year”
Mahesh Fogla, page 4 of the filed PDF · View the filing
Finance cost: INR35 lakhs (FY26)
p. 4
“our finance cost reduced substantially through INR35 lakhs only, from INR1.18 crores in the previous year”
Mahesh Fogla, page 4 of the filed PDF · View the filing
Cash and cash equivalent: more than INR20 crores (FY26)
p. 4
“we had more than INR20 crores cash and cash equivalent in hand”
Mahesh Fogla, page 4 of the filed PDF · View the filing
Final dividend: INR0.40 per equity share (FY26)
p. 4
“the Board has also recommended a final dividend of INR0.40 per equity share for 2025-2026”
Mahesh Fogla, page 4 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Rajpat Logistics revenue contribution — add another 25% of current ~400 cr revenue base
stated as an aspiration by Mahesh Fogla
p. 5
“Yes, currently we are in the 400 cr bucket, correct? So, I can definitely say that Rajpat will add another 25% from that.”
Mahesh Fogla, page 5 of the filed PDF · View the filing
Return on capital employed for Rajpat Logistics — upward of 15%
stated as an aspiration by Mahesh Fogla
p. 6
“we are expecting a upward of 15% in return on capital employed from that business, ROCE.”
Mahesh Fogla, page 6 of the filed PDF · View the filing
Air freight volume growth — FY27
stated as an aspiration by Mahesh Fogla
p. 6
“we are very much hopeful that we will be able to maintain the growth in the volume as well.”
Mahesh Fogla, page 6 of the filed PDF · View the filing
Warehousing capacity expansion
stated conditionally by Mahesh Fogla
p. 7
“We don't have any plan to enter into the asset business.”
Mahesh Fogla, page 7 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said Rajpat would add roughly 25% on top of the current ~400 crore revenue base.
Answered by Mahesh Fogla
Asked by Vikram Suryavanshi: What revenue can be expected from Rajpat Logistics over three to five years?
p. 5
“Yes, currently we are in the 400 cr bucket, correct? So, I can definitely say that Rajpat will add another 25% from that.”
Mahesh Fogla, page 5 of the filed PDF · View the filing
Management said the business would have high return on capital employed due to minimal outstanding, higher than the margin itself.
Answered by Mahesh Fogla
Asked by Vikram Suryavanshi: What margin can be expected from the Rajpat Logistics business?
p. 5
“the return on capital employed will be higher than the margin definitely.”
Mahesh Fogla, page 5 of the filed PDF · View the filing
Management said international rates had hardened while the company continued to maintain growth momentum working with over 60 airlines.
Answered by Mahesh Fogla
Asked by Vikram Suryavanshi: How is the geopolitical situation and rising ATF/crude prices affecting airline capacity and rates?
p. 6
“As I'm talking to you from March, 15%, international rates have increased. So, rates are hardening.”
Mahesh Fogla, page 6 of the filed PDF · View the filing
Management said current operations generate higher ROCE than warehousing would, so there is no immediate plan to enter the asset business, though they remain open to opportunities.
Answered by Mahesh Fogla
Asked by Vikram Suryavanshi: Is there any plan to expand warehousing capacity?
p. 7
“our current operations are giving us more ROCE than if we venture into the warehouse operation.”
Mahesh Fogla, page 7 of the filed PDF · View the filing
Management said they are actively pursuing redevelopment together with adjacent property owners and have a meeting scheduled the following week.
Answered by Mahesh Fogla
Asked by Vikram Suryavanshi: Is there any development on monetizing the non-core property asset?
p. 7
“So as early as next week also, we're going to have a meeting for that only.”
Mahesh Fogla, page 7 of the filed PDF · View the filing
Management said the plan is to keep the asset within the listed company and pursue recurring benefit rather than a one-time sale.
Answered by Mahesh Fogla
Asked by Vikram Suryavanshi: What structure will the property development take — listed company, sale, or recurring income?
p. 8
“Till now, the thought process is that everything will be in the listed company only because that property owned by listed company”
Mahesh Fogla, page 8 of the filed PDF · View the filing
Management described a system that automatically halts business with customers whose outstanding exceeds comfortable days without manual intervention, alongside AI initiatives.
Answered by Mahesh Fogla
Asked by Vikram Suryavanshi: Has the mobile app launch reduced revenue leakage and improved operations?
p. 7
“if the outstanding increase more than certain days for a customer which we are not comfortable, then the system only stop it and there is no manual intervention.”
Mahesh Fogla, page 7 of the filed PDF · View the filing
Risks flagged
Rising ATF and crude prices amid geopolitical tensions are hardening international air freight rates
p. 6
“there is -- supply issues are there”
Mahesh Fogla, page 6 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.