Flomic Global Logistics Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Flomic Global Logistics Ltd filed with BSE on 19 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Flomic Global Logistics reported Q1 FY27 revenue of Rs 120 crore, up 18.4% year-on-year, with EBITDA rising approximately 68% to Rs 11.21 crore and margin expanding to 9.34%. The company returned to profit before tax of Rs 2.73 crore and PAT of Rs 2.06 crore, compared with a loss before tax in the year-ago quarter. Management attributed the growth to a mix of volume growth of 6-7% and higher freight rates, and described plans to expand warehousing, project cargo and technology-led efficiency initiatives.
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Numbers mentioned
Revenue from operations: INR120 crores (Q1 FY27)
p. 5
“Our revenue from operations stood at INR120 crores in Q1 compared with INR101.38 crores in last year.”
Abhinandan Gupta, page 5 of the filed PDF · View the filing
Revenue from operations: INR101.38 crores (Q1 FY26)
p. 5
“Our revenue from operations stood at INR120 crores in Q1 compared with INR101.38 crores in last year.”
Abhinandan Gupta, page 5 of the filed PDF · View the filing
Revenue growth: 18.4% (Q1 FY27 vs Q1 FY26)
p. 5
“So effectively, it is 18.4% growth.”
Abhinandan Gupta, page 5 of the filed PDF · View the filing
EBITDA: INR11.21 crores (Q1 FY27)
p. 5
“Our EBITDA in the quarter stood at INR11.21 crores compared with INR6.68 crores last year in Q1, which effectively means an increase of approximately 68% year-on-year.”
Abhinandan Gupta, page 5 of the filed PDF · View the filing
EBITDA margin: 9.34% (Q1 FY27)
p. 5
“Our EBITDA margin also improved to 9.34% from 6.59%, effective increase of 275 basis points.”
Abhinandan Gupta, page 5 of the filed PDF · View the filing
Profit before tax: INR2.73 crores (Q1 FY27)
p. 5
“Profit before tax (PBT) stood at INR2.73 crores compared with a loss before tax of INR3.3 crores last year in Q1.”
Abhinandan Gupta, page 5 of the filed PDF · View the filing
Profit after tax: INR2.06 crores (Q1 FY27)
p. 5
“At the PAT level, we reported a profit of INR2.06 crores against last year's number of INR2.98 crores in corresponding quarter.”
Abhinandan Gupta, page 5 of the filed PDF · View the filing
Air & Sea Import Forwarding revenue: INR40 crores (Q1 FY27)
p. 6
“During Q1, our revenue contribution from Air & Sea Import Forwarding was INR40 crores, Sea Export around INR33.39 crores, Air Export INR22 crores, Warehousing INR18 crores, and Air & Sea Import INR7.42 crores.”
Abhinandan Gupta, page 6 of the filed PDF · View the filing
Number of shipments: 42,000 shipments (FY26)
p. 11
“Just to give the perspective we have almost we have done 40,000 shipments last year, 42,000 shipments.”
Abhinandan Gupta, page 11 of the filed PDF · View the filing
DSO / collection cycle: 57 to 56 days, down from 72 days
p. 10
“So at one point of time our DSO or collection cycle increased to almost 72 days, which has come down now to 57 day, 56 days.”
Abhinandan Gupta, page 10 of the filed PDF · View the filing
Warehousing gross margin: 15% to 20%
p. 10
“But on absolute margin if you talk about it is 15% to 16% gross margin at which we operate in the warehousing business, 15% to 20%.”
Abhinandan Gupta, page 10 of the filed PDF · View the filing
Warehousing revenue contribution: around 15%
p. 10
“So at present in our business around 15% contribution is coming from the warehousing which we say that by end of this year or maybe in coming quarters it will grow up to 17% to18% and by end approximately 20% it will reach, keeping in view our customer acquisition strategy and our focus on the warehousing.”
Abhinandan Gupta, page 10 of the filed PDF · View the filing
Revenue from customers older than three years: approximately 52% (Q4 FY26)
p. 10
“In our top line, more than 50% business is from the old customers, approximately 52% last quarter.”
Abhinandan Gupta, page 10 of the filed PDF · View the filing
Shipment volume growth: 6% to 7% (Q1 FY27 vs Q1 FY26)
p. 12
“So if in terms of the volume it's almost same. If you see the number of shipment, the shipment growth is around 6% to 7% as compared to last year.”
Abhinandan Gupta, page 12 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue growth momentum — next three to four quarters
stated conditionally by Abhinandan Gupta
p. 7
“I would not put any number, but this growth momentum would continue for coming quarters, three to four quarters, which we have seen in first quarter also.”
Abhinandan Gupta, page 7 of the filed PDF · View the filing
Warehousing revenue contribution — approximately 20% · by end of this year and coming quarters
stated as an aspiration by Abhinandan Gupta
p. 10
“So at present in our business around 15% contribution is coming from the warehousing which we say that by end of this year or maybe in coming quarters it will grow up to 17% to18% and by end approximately 20% it will reach, keeping in view our customer acquisition strategy and our focus on the warehousing.”
Abhinandan Gupta, page 10 of the filed PDF · View the filing
Incremental profitability from ocean/air freight mix — another two, three quarters
stated conditionally by Lancy Barboza
p. 9
“This will continue for at least another two, three quarters.”
Lancy Barboza, page 9 of the filed PDF · View the filing
Business model priority — asset-light model · next two years
stated firmly by Abhinandan Gupta
p. 9
“So as far as the priority of the management is concerned, the asset-light model will continue to have means we will continue to have asset-light model.”
Abhinandan Gupta, page 9 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said freight rates are rising and growth momentum should continue for three to four quarters, driven mainly by freight forwarding which is 80-85% of the business.
Answered by Abhinandan Gupta
Asked by Rohit Mehra: What is the revenue growth outlook for FY27 given a volatile freight environment?
p. 7
“Yes, freight forwarding is the major because that is the major contributor, around 80% of our business is 80%-85% of our business comes from freight forwarding.”
Abhinandan Gupta, page 7 of the filed PDF · View the filing
Alan Barboza described project cargo as oversized, specialized cargo requiring special handling and permissions, with exports mostly to Africa and imports from Germany and China, focused on oil and gas, aerospace and energy.
Answered by Alan Barboza
Asked by Rohit Mehra: What is the scale and margin profile of the project logistics business?
p. 8
“And our exports, I would say, go mostly towards the African continent. The imports come in from Germany and China as well.”
Alan Barboza, page 8 of the filed PDF · View the filing
Management said PAT margin was still higher than last year even excluding the one-time benefit, and expects further margin improvement from technology-led efficiency.
Answered by Abhinandan Gupta
Asked by Neelam Jain: What is the sustainable EBITDA or PBT margin once the one-time lease benefit is excluded?
p. 8
“No, so still at the operating level, if you see for that quarter, even if you exclude that INR28 lakh, the PAT margin has been higher as compared to last year significantly.”
Abhinandan Gupta, page 8 of the filed PDF · View the filing
Lancy Barboza said ocean export freight rates are rising and disruption is pushing some cargo to air, benefiting the company since it handles both.
Answered by Lancy Barboza
Asked by Yash Parkar: How are volumes and yields behaving across air and ocean freight?
p. 9
“Incremental profitability in our industry is in ocean exports, if the ocean exports right now going up because the freight rates are going up.”
Lancy Barboza, page 9 of the filed PDF · View the filing
Lancy Barboza said the company targets middle-sized customers rather than very large corporates or very small startups because margins are better with the middle segment.
Answered by Lancy Barboza
Asked by Yash Parkar: How does customer concentration and mid-size versus large enterprise mix affect margins?
p. 9
“We are normally, our experience for the last 20, 25 years the middle size customers where the margins are high.”
Lancy Barboza, page 9 of the filed PDF · View the filing
Abhinandan Gupta explained that warehousing margins appear high on paper due to Ind AS 116 lease accounting but actual gross margin is 15-20%.
Answered by Abhinandan Gupta
Asked by Yash Parkar: What limits scale-up of warehousing and what is its margin potential?
p. 10
“So there are one thing which I just like to clarify that warehousing margin per se reflect a higher number because of the Ind AS 116 because we are a listed company we have to follow the Ind AS and in Ind AS basically the rent is not considered on the leased assets or the long-term assets.”
Abhinandan Gupta, page 10 of the filed PDF · View the filing
Management said they continuously review branch performance and closed locations that were not profitable or did not have their type of customers, without quantifying savings.
Answered by Abhinandan Gupta
Asked by Krisha Jain: What cost savings resulted from closing loss-making branches?
p. 12
“The branches which have been closed were not performing and we have seen that those at those places there was not our customers or our type of customers.”
Abhinandan Gupta, page 12 of the filed PDF · View the filing
Management attributed growth to a mix of 6-7% volume growth and the remainder from higher freight rates driven by geopolitical volatility.
Answered by Abhinandan Gupta
Asked by Krisha Jain: How much of Q1 FY27 revenue growth came from volume versus freight rate movement?
p. 12
“So our growth has been a mix of 6%, 7% growth in the volume growth and another growth is the freight rate growth.”
Abhinandan Gupta, page 12 of the filed PDF · View the filing
Risks flagged
Freight rate volatility and dependence on global trade conditions
p. 6
“This is very relevant in our freight forwarding business where pricing can remain competitive and freight rates can move significantly depending on global trade conditions, which we have recently seen.”
Abhinandan Gupta, page 6 of the filed PDF · View the filing
Sustainability of freight-rate-driven growth is uncertain
p. 12
“The freight growth sustainability may not be very long term.”
Abhinandan Gupta, page 12 of the filed PDF · View the filing
Cargo volume decline on export front due to Middle East disruption
p. 12
“The hindsight of that is that means on a export front since the Middle East is significantly impacted so the cargo volumes have also gone down.”
Abhinandan Gupta, page 12 of the filed PDF · View the filing
Higher execution risk in project cargo business
p. 4
“Margin can be better than the routine freight forwarding, but the execution risk is also higher.”
Lancy Barboza, page 4 of the filed PDF · View the filing
Customer credit and collection cycle risk affecting working capital
p. 10
“Else it's a kind of a interest cost for us which keeps on increasing.”
Abhinandan Gupta, page 10 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.