Concentration on IndiGo for domestic belly cargo
IndiGo's grounding caused a 7% QoQ volume decline; despite diversification, IndiGo's dominant market share poses a risk if similar disruptions recur.
PATELINTEGRATEDLOGISTICS / Q3-FY26 / risks
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Patel Integrated Logistics · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
ATF not under GST impacts cost competitiveness
Management noted that ATF remains outside GST, leading to higher costs that are passed on to customers, potentially dampening demand.
New subsidiary Rajput Logistics may take time to stabilize
The road logistics venture is asset-light but requires time to build partner network and achieve meaningful revenue, with no near-term visibility.