Patel Integrated Logistics Limited has announced its unaudited standalone and consolidated financial results for the third quarter ended December 31, 2025, demonstrating mixed performance with revenue decline but improved profitability metrics.

Q3FY26 Financial Performance

The company's quarterly results show a nuanced performance with operational income declining while profitability improved significantly.

Despite operational income declining by 1.4% year-over-year to INR 884 Mn, the company achieved substantial improvement in bottom-line performance. Profit after tax surged 22.7% to INR 27 Mn, with PAT margins expanding by 60 basis points to 3.05%.

Nine-Month Performance FY26

The cumulative nine-month results demonstrate the company's resilience and operational efficiency improvements.

For the nine-month period, operational income grew modestly by 1.7% to INR 2,605 Mn, while profit after tax increased substantially by 15.8% to INR 66 Mn, reflecting improved operational efficiency.

Company Background and Operations

Patel Integrated Logistics Limited traces its origins to 1959 when founder Asgar Shakoor Patel transported the first consignment for Glaxo. The company has evolved into one of Asia's largest logistics companies, operating over 1,000 delivery outlets with a workforce exceeding 7,500 people. The organization maintains extensive pan-India coverage with operations spanning North, West, East, and South regions, serving diverse industrial and commercial segments.

Financial Position and Market Data

The company's balance sheet reflects stable financial health with total assets of INR 1,714 Mn as of H1-FY26. Net worth stands at INR 1,222 Mn, indicating strong equity base. The debt-to-equity ratio has improved significantly, demonstrating enhanced financial management.

Industry Context

The logistics sector handled 3.7 Mn MT in FY25, reflecting 10% year-over-year growth, with projections to reach approximately 5.5 Mn MT by 2029. The market valuation stood at USD 13.09 Bn in 2023, expected to grow to USD 17.22 Bn by 2028 with a CAGR of around 5.7%. E-commerce and express delivery now account for 15% of global air cargo, while infrastructure initiatives like PM Gati Shakti and UDAN 2.0 support sector expansion.

Patel integrated logistic Limited has announced a significant leadership change with the resignation of its Chief Financial Officer, effective January 30, 2026. The company has formally notified stock exchanges about this key managerial personnel transition in compliance with regulatory requirements.

CFO Resignation Details

Mr. Deepak Madhukar Keni has tendered his resignation from the position of Chief Financial Officer, citing personal reasons for his departure. The resignation becomes effective from the close of business hours on January 30, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was sent to both BSE Limited and National Stock Exchange of India Limited, ensuring transparency with stakeholders.

Company Secretary Avinash Paul Raj signed the official notification, which included the detailed disclosure requirements as per SEBI regulations. The communication also referenced SEBI master circular no SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, relating to appointment and cessation of key managerial personnel.

Resignation Letter Submission

In his resignation letter addressed to the Board of Directors, Mr. Keni confirmed that there are no other material reasons beyond personal circumstances for his departure. He expressed gratitude to the Board for their support and cooperation during his tenure and wished the company continued success in future endeavors.

The departing CFO specifically requested the Board to initiate necessary filings with stock exchanges and the Ministry of Corporate Affairs as per applicable regulations, demonstrating adherence to proper corporate governance procedures.

Stock Exchange Communication

Patel Integrated Logistics Limited communicated this development to multiple exchanges, including BSE Limited at Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited at Exchange Plaza, and copied The Calcutta Stock Exchange Limited. This comprehensive notification ensures all relevant market participants are informed of the leadership change.