India, Sept. 1 -- IPO-bound LEAP India's net profit remained almost flat at INR 37.5 Cr in the year ended March 2025 (FY25) as against INR 37.1 Cr in FY24 despite a strong growth in revenue.

The company's operating revenue zoomed 27.8% to INR 466.4 Cr during the year under review from INR 364.9 Cr in FY24.

The company largely earns from the sale of services, which amounted to INR 446.5 Cr during the period under review. Of this, it earned INR 294.8 Cr from pallets and INR 88.5 Cr by providing material handling equipment. It earned INR 11.9 Cr from sale of products, with pallets bringing in INR 10.8 Cr.

Including other income of INR 18.6 Cr, LEAP India's total revenue stood at INR 485 Cr in FY25.

Meanwhile, the rise in expenses outpace...