Investor Presentation for the Audited Financial Results for the Financial Year ended 31st March 2026.
GLOTTIS · price
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Glottis Ltd reported FY26 revenue of INR 7,226 million, down 23% YoY from INR 9,412 million, impacted by lower global freight rates and softer shipment volumes. EBITDA declined 37% to INR 495 million (6.9% margin vs 8.3% in FY25), while PAT fell 33% to INR 377 million (5.2% margin vs 6.0% in FY25). The company handled 89,098 TEUs, down from previous year, as importers and exporters adopted a measured procurement approach. Despite the decline, air freight segments showed strong momentum with Air Import growing 23.6% YoY and Air Export more than doubling. The company added 163 new customers and increased repeat customers to 959 from 871. Ocean freight remains the dominant segment contributing 92% of revenue. The company completed its first full year as a listed entity.
The substantial revenue and margin contraction reflects challenging industry conditions with freight rate corrections, which may exert short-term pressure on the stock. However, customer retention improvements, air freight segment growth, and strategic expansion plans provide a mixed outlook for investors.