Glottis Ltd
P&L
Quarterly Consolidated
Glottis FY26 Revenue at ₹7,226 Million, PAT at ₹377 Million
26 May 2026 · 26 May, 12:03 pm
Summary
Glottis Limited reported a challenging quarter and full financial year ended March 31, 2026. Q4 FY26 Revenue from Operations reached ₹1,959 Million, a 36.2% decline year-over-year, while full-year revenue for FY26 decreased by 23.2% to ₹7,226 Million. Profit After Tax also saw a significant reduction, falling 32.9% year-over-year to ₹377 Million for FY26. Despite the softer global freight environment impacting overall profitability, management highlighted strategic initiatives including strengthening customer relationships, expanding multimodal logistics capabilities, and successful diversification into new sectors, with Air Import and Air Export revenues showing strong growth and the Automobile segment more than doubling.
Key Highlights
- 1
Q4 FY26 Revenue from Operations stood at ₹1,959 Million, reflecting a 36.2% decrease year-over-year.
- 2
For the full financial year 2026, Revenue from Operations was ₹7,226 Million, down by 23.2% compared to FY25.
- 3
EBITDA for FY26 reached ₹495 Million with a margin of 6.9%, while Q4 FY26 EBITDA was ₹105 Million at a 5.4% margin.
- 4
Profit After Tax (PAT) for FY26 decreased by 32.9% year-over-year to ₹377 Million, with a PAT margin of 5.2%.
- 5
The company experienced robust growth in air freight segments during FY26, with Air Import revenue increasing by 23.6% and Air Export revenue more than doubling.
- 6
Glottis expanded its customer base by adding 163 new customers and improving repeat customer retention to 959 from 871 in FY25.
- 7
Strategically, the company diversified its sector presence across multiple segments including Automobile, Agro Products, Chemicals, Textiles, and Medical, notably doubling revenue from the Automobile segment in FY26.
Management Comments
Ramkumar Senthilvel
The fourth quarter concluded an important year for the company and marked the completion of our first full financial year as a listed entity. During FY2026, the company remained focused on strengthening customer relationships, expanding its multimodal logistics capabilities and improving its operational network across key trade corridors. Despite a softer global freight environment and correction in shipping rates during the year, the company continued to deepen its presence across core business segments and diversified industry categories. For FY2026, Revenue from Operations was Rs. 7,226 million. Sea Import continued to be the largest business vertical, contributing nearly 78% of total revenue during the year. The company further strengthened its position in the export vertical during the year. Air Import revenue grew 23.6% YoY in FY2026, with its contribution to total revenue increasing to 2.4% from 1.5% in FY2025. Air Export recorded even stronger momentum, with revenue more than doubling during the year and its contribution increasing to 1.2% from 0.4% in FY2025. The growth across the air freight segments reflects increasing customer acceptance of Glottis as a multimodal logistics partner. Profitability during the year was impacted by lower freight realizations and moderation in shipment volumes across certain trade routes. EBITDA for FY2026 was Rs. 495 million with a margin of 6.9%, while Profit After Tax was Rs. 377 million with a margin of 5.2%. Throughout the year, the company remained focused on shipment-level profitability checks, variable cost alignment and tighter control on overheads to manage the impact of industry- wide rate corrections. On the operational front, the company handled 89,098 TEUs during FY2026. Volumes during the year were lower compared to previous year as importers and exporters across sectors adopted a measured approach towards procurement and inventory planning due to freight rate volatility and changing global trade patterns. Despite lower volumes, customer engagement remained stable and repeat business improved. During the year, the company added 163 new customers, while the number of repeat customers also increased to 959 from 871, reflecting stronger customer retention and wider market reach. Furthermore, the company further diversified its sector presence across Automobile, Agro Products, Chemicals, Textiles and Medical segments. Revenue from the Automobile segment more than doubled during FY2026, with its contribution increasing to 4.2% from 1.5% in FY2025, supported by higher movement of auto components and engineering-linked cargo. The company also continued to strengthen its operational network and infrastructure during the year to support future growth and service capabilities. During FY2026, the company added 32 shipping line connections, expanded its transpo
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