Sanco Trans revenue rises 30% as September profit falls 44%

Sanco Trans Limited reported revenue from operations of Rs 41.61 crore for the quarter ended September 30, 2026, up 30% from Rs 31.93 crore a year earlier, while profit for the period fell 44% to Rs 2.72 crore as exceptional income declined and tax expense increased.

How did Sanco Trans perform in the September 2026 quarter?

Sanco Trans increased revenue from operations to Rs 41.61 crore in the quarter ended September 30, 2026, from Rs 31.93 crore in the September 2025 quarter and Rs 37.97 crore in the preceding June 2026 quarter. The year-on-year increase was Rs 9.68 crore, while sequential revenue rose by Rs 3.64 crore, according to the unaudited results approved by the board on November 12, 2026.

Total income rose to Rs 42.33 crore from Rs 32.65 crore a year earlier, as other income was Rs 72.38 lakh against Rs 71.78 lakh in the September 2025 quarter. This means the Rs 9.68 crore rise in operating revenue accounted for nearly all of the Rs 9.69 crore increase in total income.

Sanco Trans reported profit before exceptional item and tax of Rs 2.27 crore, compared with Rs 1.99 crore in the corresponding quarter of 2025. The company identifies logistics as its single business segment under Indian Accounting Standard 108, or Ind AS 108, and therefore disclosed no separate revenue or profit figures by operating segment.

Why did Sanco Trans profit fall despite higher revenue?

Sanco Trans’s profit for the period fell because exceptional income was lower and total tax expense was higher than in the prior-year quarter. Exceptional items were Rs 2.28 crore in the September 2026 quarter, compared with Rs 3.93 crore a year earlier, reducing the benefit to reported profit despite the Rs 0.28 crore increase in profit before exceptional item and tax.

The current-quarter exceptional item was an arbitration claim settlement of Rs 2.28 crore. In the September 2025 quarter, exceptional income comprised Rs 74.73 lakh of enhanced compensation under compulsory acquisition and Rs 3.18 crore of interest on that enhanced compensation, together totalling Rs 3.93 crore.

Profit before tax was Rs 4.54 crore, down from Rs 5.92 crore in the prior-year quarter. Total tax expense was Rs 1.82 crore, compared with Rs 1.02 crore a year earlier, and included Rs 1.50 crore of prior-year tax, Rs 29.07 lakh of current tax and Rs 3.10 lakh of deferred tax.

Earnings per share, not annualised for the quarter, were Rs 15.11, down from Rs 27.20 in the September 2025 quarter. Sequentially, profit for the period rose from Rs 1.69 crore in the June 2026 quarter, while earnings per share increased from Rs 9.40; paid-up equity share capital was unchanged at Rs 1.80 crore.

Which costs changed in Sanco Trans’s September quarter?

Sanco Trans’s total expenses increased 31% year on year to Rs 40.07 crore in the September 2026 quarter, compared with Rs 30.66 crore a year earlier. The rise was marginally faster than the 30% increase in revenue from operations, while total expenses were also above Rs 36.40 crore in the June 2026 quarter.

Operating expenses were the largest source of the increase, rising to Rs 24.30 crore from Rs 15.21 crore in the September 2025 quarter, a rise of Rs 9.09 crore. They were also higher than Rs 19.13 crore in the immediately preceding quarter, while the filing does not provide a further breakdown of this expense line.

Equipment and fleet hire charges moved in the opposite direction, falling to Rs 8.61 crore from Rs 8.97 crore a year earlier and Rs 10.23 crore in June 2026. Employee benefits expense rose to Rs 3.49 crore from Rs 3.13 crore, finance costs increased to Rs 23.17 lakh from Rs 17.32 lakh, and other expenses declined to Rs 1.79 crore from Rs 1.91 crore.

What do Sanco Trans’s half-year results and cash flow show?

Sanco Trans reported revenue from operations of Rs 79.58 crore for the half year ended September 30, 2026, up 21% from Rs 65.57 crore in the corresponding 2025 half year. Half-year profit for the period declined 33% to Rs 4.41 crore from Rs 6.56 crore, with exceptional items at Rs 2.28 crore compared with Rs 3.93 crore and prior-year tax of Rs 1.50 crore compared with Rs 60.98 lakh.

Net cash generated from operating activities was Rs 6.32 crore for the half year, below Rs 7.96 crore in the comparable 2025 period. The cash-flow statement recorded a Rs 7.33 crore increase in trade receivables, compared with a Rs 4.31 crore increase in the earlier half year, which affected operating cash conversion.

Trade receivables stood at Rs 41.46 crore on September 30, 2026, compared with Rs 34.13 crore on March 31, 2026. Cash and cash equivalents rose to Rs 6.92 crore from Rs 4.16 crore over the same period, while total assets increased to Rs 166.79 crore from Rs 156.79 crore.

Investing activities used Rs 1.89 crore in the six months, including Rs 3.75 crore spent on property, plant and equipment and intangible assets. Financing activities used Rs 1.68 crore, including Rs 81 lakh of dividends paid, and net movement in cash and cash equivalents was positive at Rs 2.76 crore.

Conclusion

Sanco Trans delivered higher September-quarter revenue and a Rs 0.28 crore increase in profit before exceptional item and tax, but lower exceptional income and a Rs 0.80 crore year-on-year increase in total tax expense reduced reported profit. The result also showed a Rs 9.09 crore rise in operating expenses, while equipment and fleet hire charges declined by Rs 36 lakh.

The filing does not disclose a cost breakdown for the rise in operating expenses, making that an unresolved point for subsequent disclosures. The next results release can also show whether the Rs 41.46 crore receivables balance, which rose Rs 7.33 crore during the half year, and operating cash generation develop differently after September 30, 2026.