Rajvi Logitrade (RAJVI) Q2 FY27 Profit Soars 315% as Revenue Growth Returns
The logistics firm's net profit surged over 300% year-on-year in Q2 FY27, driven by a revenue rebound and a sharp rise in other income.
Rajvi Logitrade reported a 33.6% jump in revenue and a 315.4% surge in net profit for Q2 FY27. The profit growth, far outpacing the top line, was supported by a significant increase in other income.
For a small logistics player like Rajvi Logitrade, the quarter was about recovering momentum after a sharp sequential dip. The September quarter delivered that, with revenue climbing 34% from a year ago and profit multiplying more than fourfold.
The numbers show a business regaining its footing. Revenue reached ₹22.88 crore, up 5.9% from the June quarter. Net profit came in at ₹0.54 crore, a 17.4% sequential improvement.
Revenue & profit
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin
| Metric | CurrentQ2 FY27 | PreviousQ1 FY27 | Same quarter LYQ2 FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | 22.88YoY +34% | 21.61 | 17.13 |
| Profit (₹ Cr) | 0.54YoY +315% | 0.46 | 0.13 |
| Net Profit Margin | 2.4%YoY +200% | 2.1% | 0.8% |
Why profit grew faster than revenue
The dramatic profit jump has two clear drivers. First, a low base from Q2 FY26, when profit was just ₹0.13 crore. Second, other income tripled to ₹0.38 crore this quarter, providing crucial support.
According to a MarketsMojo report, this other income was a significant jump from ₹0.13 crore in the prior quarter. It helped offset pressure from rising operational costs, which saw the operating profit margin contract sequentially.
The cash flow disconnect
A key observation from Scanx.trade highlights a divergence. While accounting profit surged, net cash flow from operating activities for the half-year declined sharply year-on-year to ₹0.38 crore.
This suggests working capital movements, like a reduction in trade receivables and provisions, constrained actual cash inflows despite the strong profit print. It points to potential liquidity management challenges as the company grows.
Navigating a complex road ahead
The broader logistics sector faces headwinds. A Motorindiaonline.in industry outlook notes rising diesel prices and potential monsoon weakness could pressure fleet operators' costs. For smaller players, passing these costs through remains difficult.
Rajvi is investing for growth, having recently leased 47 commercial vehicles. However, with the stock up 290% in three months, MarketsMojo notes the valuation appears 'Risky' and embeds high expectations for sustained performance.
Key Points
- Net profit surged 315.4% year-on-year, significantly aided by a tripling of other income to ₹0.38 crore.
- Operating profit margins faced sequential pressure from rising costs, even as revenue growth returned.
- Strong accounting profits masked weaker operating cash flow generation due to working capital adjustments.
- The stock's parabolic rally has pushed valuations to a premium, raising sustainability concerns.
Hexa Perspective
The quarter confirms Rajvi Logitrade's ability to capture growth in a recovering freight market, but the quality of that growth is mixed. The reliance on other income and the cash flow disconnect indicate underlying operational margins remain thin and volatile.
The coming quarters will test whether top-line growth can be sustained without similar non-operational boosts, especially amid industry-wide cost pressures. For the stellar stock performance to hold, the company must demonstrate it can convert accounting profits into consistent cash flows.
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