Glottis Limited has informed the Exchange about Transcript of the earnings call held on February 19, 2026.
GLOTTIS · price
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Glottis Limited submitted the transcript of its Q3 FY26 earnings call held on February 19, 2026. Q3 revenue fell to INR 1,439 million with EBITDA of just INR 40 million (2.8% margin) and PAT of INR 27 million (1.9% margin), sharply lower than the 9M FY26 margins of 7.4% and 5.1% respectively. Container throughput dropped to 20,710 TEUs from 26,700 TEUs in Q3 FY25, while freight rates softened 28-30% and per-TEU realization fell to ~INR 67,000 from ~INR 79,000 in Q2 FY26. The company added 25 vehicles (fleet now 42), opened a new Ahmedabad branch, and is deploying ~INR 130 crore in capex on trucks, trailers, and containers. Management guided for double-digit EBITDA margins going forward and expressed bullishness on Q4 FY26, supported by new contracts in automobile, energy storage batteries (BESS), and engineering verticals, though they declined to quantify FY27 depreciation impact or provide specific Q4 numbers.
Q3 results were weak due to soft global freight demand and policy-driven slowdowns in the renewable energy vertical, which may weigh on short-term sentiment. However, management's confidence in double-digit margins, strong capex deployment from IPO proceeds, and diversification into auto and BESS segments signal a constructive medium-term outlook.