Glottis enclosed herewith Press Release for the quarter and Fy end 31.03.2026.
GLOTTIS · price
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Glottis Limited reported a significant decline in FY26 performance with Revenue from Operations falling 23.2% year-on-year to Rs. 7,226 million from Rs. 9,412 million, driven by softer global freight conditions and lower shipping rate realizations. EBITDA dropped 36.8% to Rs. 495 million with margin compressing to 6.9% from 8.3% in FY25. Profit After Tax (PAT) fell 32.9% to Rs. 377 million with margin at 5.2% versus 6.0% prior year. Q4 FY26 showed revenue of Rs. 1,959 million (down 36.2% YoY) with EBITDA margin improving to 5.4% from Q3's 2.8%, though Q4 typically has seasonal strength. The company handled 89,098 TEUs during FY26, down from prior year, as customers adopted a measured approach to procurement amid freight rate volatility. Air freight segments showed strong growth with Air Import up 23.6% and Air Export more than doubling, while the Automobile segment revenue more than doubled. The company added 163 new customers and expanded its network with 32 new shipping line connections.
The steep revenue and profit decline reflects a challenging freight rate environment. While EBITDA margin improved sequentially in Q4, the full-year compression of 1.4 percentage points signals operational pressure. The company's focus on customer retention and multimodal expansion provides some resilience, but near-term recovery depends on freight rate stabilization.