Glottis Limited has informed the Exchange regarding a press release dated May 26, 2026, titled "Glottis enclosed a copy of the Press Release on the Audited Financial Results for the Quarter and Financial Year ended March 31, 2026.".
GLOTTIS · price
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Glottis Limited reported a 23.2% decline in full-year revenue to Rs. 7,226 million from Rs. 9,412 million in FY25, impacted by lower freight realizations and reduced shipment volumes due to a softer global freight environment. EBITDA for FY26 fell to Rs. 495 million (margin 6.9% vs 8.3% in FY25), while PAT dropped to Rs. 377 million (margin 5.2% vs 6.0%). Q4 showed a strong sequential recovery with PAT of Rs. 107 million, up 294.7% from Q3 Rs. 27 million, though still down 6% YoY. The company handled 89,098 TEUs and added 163 new customers during the year. Sea Import remains the dominant segment at ~78% of revenue, while Air Import and Air Export showed strong growth, with Air Export revenue more than doubling.
The significant revenue and profit decline reflects industry-wide freight rate corrections and volume softness, which may weigh on near-term investor sentiment despite the company's first full year as a listed entity.