Neptune Logitek reported a 5.7% decline in net profit to ₹6.29 crore for the financial year ended March 31, 2026, as revenue from operations decreased by 9.1% to ₹233.71 crore. The company's multimodal transportation and export logistics business experienced a significant slowdown during the latter part of the financial year, particularly in March 2026, due to geopolitical tensions and war-like situations in the Middle East region. This resulted in the cancellation and deferment of customer bookings, reduced cargo movement, and pressure on margins.

The Board of Directors at its meeting held on June 06, 2026, approved the audited financial results for the half year and financial year ended March 31, 2026. The statutory auditors, J. S. Maheshwari & Co., issued an audit report with an unmodified opinion on the standalone financial results. The results were prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013.

Total expenses for the financial year stood at ₹225.39 crore, a decrease from ₹247.60 crore in the previous year. Profit before tax for the year was ₹9.95 crore, compared to ₹9.84 crore in the prior year. The company reported an exceptional item loss of ₹0.13 crore for the current year, compared to a gain of ₹3.31 crore in the previous year. Earnings per share (EPS) for the year declined to ₹4.59 from ₹6.67 in the previous year.

Financial Performance

The company's financial performance for the half year and financial year ended March 31, 2026, is summarized below:

Segment Reporting

In accordance with Accounting Standard 17, the company identified geographical segments as the primary reporting segments. Operations are classified into Domestic and International segments. For the financial year ended March 31, 2026, Domestic revenue was ₹178.26 crore, while Export revenue was ₹55.45 crore. The Domestic segment reported a loss before tax of ₹1.12 crore, whereas the International segment reported a profit before tax of ₹33.70 crore.

Fund Utilisation

The company had raised ₹4,662 lakh through an Initial Public Offering in December 2025. As of March 31, 2026, the company had utilized ₹4,655.15 lakh of the proceeds. The funds were utilized for capital expenditure towards acquiring machinery, repayment of loans, general corporate purpose, and issue-related expenses. There was no deviation or variation in the use of funds raised.

The Commissioner, Central Goods & Service Tax, Kutch, Gandhidham has filed an appeal against neptune logitek regarding an order that previously dropped a significant tax demand. The authority is challenging the decision to drop a service tax demand of Rs 26,77,31,248 and a CENVAT demand of Rs 11,55,88,870. The company became aware of this appeal on June 04, 2026. While there is no immediate impact on operations, the financial consequences are currently unquantifiable and will be determined by the appeal's result.

The appeal was filed under Case Nos. 0010443 and 0010444, specifically identified as SERVICE TAX/0010443/2026 and SERVICE TAX/0010443/2026. This legal action follows an earlier order, ITBA/NFAC/S/250/2025-26/1085162414(1), passed by the Earlier Commissioner, Central Goods & Service Tax, Kutch, Gandhidham, which had originally dropped the stated demands.

Details of the regulatory action

The disclosure outlines the specifics of the appeal and the associated demands as required under SEBI regulations.

The Managing Director, Ankit Devidas Shah, confirmed the development in the filing submitted to the exchanges.