Sunsky Logistics reported a 14.6% year-on-year increase in net profit to ₹284.97 lakh for the fiscal year ended March 31, 2026. Revenue from operations grew 14.7% to ₹2,527.67 lakh, driven by expanded logistics services and fleet additions following its initial public offering.

The Ahmedabad-based logistics firm completed its IPO in October 2025, raising ₹1683.60 lakh through the issue of 36.60 lakh equity shares at ₹46 each. The company listed on the BSE SME Platform shortly after. Management allocated the majority of these proceeds toward purchasing flatbed trailers and repaying existing borrowings.

Financial Performance

Operating revenue rose from ₹2,204.37 lakh in FY25 to ₹2,527.67 lakh in FY26. This growth was supported by new road transportation services, which contributed ₹435.23 lakh in revenue during the current fiscal year. Integrated logistics services remained the core revenue driver, generating ₹2,092.44 lakh.

Total expenses increased to ₹2,219.64 lakh from ₹1,876.41 lakh in the previous year. Freight, handling, and servicing costs accounted for the largest share of expenditures at ₹1,763.97 lakh. Employee benefit expenses also rose to ₹109.58 lakh, reflecting workforce expansion and statutory gratuity provisions.

Capital Structure and Balance Sheet

The company’s authorized capital remained unchanged at ₹3 crore. However, issued share capital increased to ₹248.70 lakh following the IPO. Reserves and surplus surged to ₹2,006.48 lakh, primarily due to securities premium from the fresh issue and retained earnings.

Borrowings saw significant movement during the year. Long-term borrowings stood at ₹961.99 lakh as of March 31, 2026, up from ₹118.12 lakh in FY25. This increase was partly offset by the use of IPO proceeds to repay ₹350 lakh of outstanding debt. Short-term borrowings totaled ₹463.96 lakh, including secured loans repayable on demand.

Property, plant, and equipment expanded dramatically to ₹1,885.28 lakh from ₹24.94 lakh in the prior year. This growth reflects substantial investments in vehicles and trailers, aligning with the company’s strategy to strengthen its transportation fleet. Trade receivables nearly doubled to ₹795.79 lakh, indicating higher operational volumes.

What the Numbers Show

A notable divergence exists between operating cash flow and net profit. While the company generated a net profit of ₹284.97 lakh, cash used in operating activities amounted to ₹426.50 lakh. This outflow was driven by a ₹374.30 lakh increase in trade receivables and a ₹460.02 lakh rise in other current assets, largely comprising prepaid expenses and advances. This suggests that working capital requirements have intensified alongside business expansion, requiring external financing to bridge the gap between earnings and cash generation.

Sunsky Logistics Limited has announced the record date for its upcoming Annual General Meeting (AGM), fixing the book closure period from September 16, 2026, to September 22, 2026. Shareholders registered within this window will be eligible to participate in the meeting.

The company also issued an intimation regarding the commencement of the e-voting period and the cut-off date, in compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approvals and Auditor Appointments

In a separate development, the board of directors held a meeting on August 24, 2026, in Ahmedabad. During this session, the company approved its director's report for the financial year ended March 31, 2026.

The board finalized key auditor appointments to ensure regulatory compliance and governance standards:

• Internal Auditor: M/s N M Parikh & Co was appointed as the company's internal auditor.
• Secretarial Auditor: The board considered the reappointment of M/s Parth P. Shah, a practicing company secretary, as the secretarial auditor.

Akash Ashokbhai Shah, managing director, signed off on the resolutions passed during the meeting, which commenced at 4:00 pm and concluded at 5:00 pm.

Key Dates for Shareholders

The following table outlines the critical dates related to the AGM and e-voting process as disclosed by the company:

The intimation was signed by Akash Ashokbhai Shah, managing director, on August 27, 2026.