To Consider and approve the Audited Standalone Financial Statements and Results of the Company for the half-year ended and financial year ended March 31, 2026 together with the Auditors Report
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Global Ocean Logistics India Ltd reported audited standalone financial results for FY2026 ending March 31. Revenue grew 9% to Rs 20,785.90 lakhs from Rs 19,055.91 lakhs in FY2025. Profit after tax jumped 50% to Rs 1,023.78 lakhs from Rs 681.51 lakhs. EBITDA margin expanded from 4.91% to 6.64%. The company successfully completed its IPO during the year, raising Rs 3,041.38 lakhs through issuance of 38,99,200 equity shares. However, operating cash flow turned deeply negative at Rs -1,120.80 lakhs, driven by a sharp rise in trade receivables (up Rs 951 lakhs) and short-term loans and advances (up Rs 784 lakhs). Statutory auditors issued an unmodified (clean) audit opinion with no qualifications.
Strong profitability growth and margin expansion are positive, but the negative operating cash flow despite higher profits signals potential working capital stress. The IPO funds provide liquidity cushion. Shareholders should monitor receivables collection going forward.