Glottis Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Glottis Ltd filed with BSE on 01 Jun 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
Glottis Limited reported Q4 FY26 revenue of INR 1,959 million with EBITDA of INR 105 million at a 5.4% margin and profit after tax of INR 107 million. For the full year FY26, revenue from operations was INR 7,226 million, EBITDA was INR 495 million at a 6.9% margin, and PAT was INR 377 million at a 5.2% margin, with management attributing the year-on-year decline to softer freight rates and lower container volumes. Management also detailed segment and geographic revenue mix, customer additions, and an improved balance sheet position following the IPO.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Revenue from operations: INR 1,959 million (Q4 FY26)
p. 3
“For the quarter under review, revenue from operation was INR 1,959 million, EBITDA was INR 105 million with a margin of 5.4%, while profit after tax was INR 107 million with a margin of 5.5%.”
K Manikandan, page 3 of the filed PDF · View the filing
EBITDA margin: 5.4% (Q4 FY26)
p. 5
“EBITDA for the quarter was INR 105 million with an EBITDA margin of 5.4%, and PAT was INR 107 million with a margin of 5.5%.”
Rajasree A., page 5 of the filed PDF · View the filing
Revenue from operations: INR 7,226 million (FY26)
p. 3
“For the full year financial year 2026, revenue from operation was INR 7,226 million.”
K Manikandan, page 3 of the filed PDF · View the filing
EBITDA: INR 495 million (FY26)
p. 3
“From the profitability perspective, EBITDA for FY 2026 was INR 495 million with a margin of 6.9%, while profit after tax was INR 377 million with a margin of 5.2%.”
K Manikandan, page 3 of the filed PDF · View the filing
Container throughput: 89,098 TEUs (FY26)
p. 3
“In terms of volume, container throughput for FY26 was 89,098 TEUs.”
K Manikandan, page 3 of the filed PDF · View the filing
TEUs handled: 21,356 (Q4 FY26)
p. 5
“Coming to the operational metrics, TEUs handled during Q4 FY2026 was 21,356.”
Rajasree A., page 5 of the filed PDF · View the filing
Sea import contribution to revenue: 78% (FY26)
p. 3
“Sea import continued to remain the largest business vertical, contributing nearly 78% of total revenue.”
K Manikandan, page 3 of the filed PDF · View the filing
Air import revenue growth: 23.6% year-on-year (FY26)
p. 3
“Air import revenue grew 23.6% year-on-year with its contribution to revenue increasing to 2.4% from 1.5% in FY 2025.”
K Manikandan, page 3 of the filed PDF · View the filing
Renewable energy contribution to revenue: 40.9% (FY26)
p. 4
“From the industry perspective, renewable energy remained the largest contributor to the revenue, accounting for 40.9% of the total revenue during FY26.”
K Manikandan, page 4 of the filed PDF · View the filing
Automobile segment revenue contribution: 4.2% (FY26)
p. 4
“Revenue contribution from the automobile segment more than doubled during the year, with its share increasing to 4.2% from 1.5% in the FY2025.”
K Manikandan, page 4 of the filed PDF · View the filing
Agro product revenue growth: 58.7% year-on-year (FY26)
p. 4
“Agro product also showed good traction with revenue from the segment increasing 58.7% year-on-year, contributing to 5.7% of total revenue.”
K Manikandan, page 4 of the filed PDF · View the filing
Asia contribution to revenue: 85% (FY26)
p. 4
“Geographically, Asia remained our largest region, contributing around 85% of the total revenue during FY2026.”
K Manikandan, page 4 of the filed PDF · View the filing
New customers added: 163 (FY26)
p. 4
“We added 163 new customers during the year, while the number of repeated customers increased to 959 from 871 in the previous year.”
K Manikandan, page 4 of the filed PDF · View the filing
Top five customer revenue contribution: around 33% (FY26)
p. 4
“Revenue contribution from our top five customers remained stable at around 33%, reflecting long-standing relationships and higher wallet share with key accounts while we continue to diversify the overall customer mix.”
K Manikandan, page 4 of the filed PDF · View the filing
Net worth: INR 2,809 million (as on 31st March 2026)
p. 5
“Net worth increased to INR 2,809 million as on 31st March 2026 compared to INR 978 million as on 31st March 2025, supported primarily by the IPO proceeds and retained earnings.”
Rajasree A., page 5 of the filed PDF · View the filing
Cash and cash equivalents: INR 1,007 million (as on 31st March 2026)
p. 5
“Cash and cash equivalents was INR 1,007 million at the end of the year.”
Rajasree A., page 5 of the filed PDF · View the filing
Total debt: INR 497 million (as on 31st March 2026)
p. 5
“Total debt as on 31st March 2026 was INR 497 million, and the company remains net cash positive with a net cash position of INR 510 million as compared to the net debt of INR 73 million in FY2025.”
Rajasree A., page 5 of the filed PDF · View the filing
Debt-to-equity ratio: 0.18x (as on 31st March 2026)
p. 5
“Debt-to-equity ratio improved to 0.18x as on 31st March 2026 from 0.23x in the previous year.”
Rajasree A., page 5 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.
Focus areas for new financial year — improving customer engagement, service reach across sea and air freight, industry presence · FY27
stated as an aspiration by K Manikandan
p. 4
“As we move into the new financial year, our focus will remain on improving customer engagement, increasing service reach across both sea and air freight, and strengthening our presence across industries where we see scalable opportunities.”
K Manikandan, page 4 of the filed PDF · View the filing
Operational discipline and network expansion
stated as an aspiration by K Manikandan
p. 4
“We will also continue to focus on operational discipline and selective network expansion to improve service quality and execution capabilities.”
K Manikandan, page 4 of the filed PDF · View the filing
Revenue outlook — FY26-FY27
stated as an aspiration by Ramkumar Senthilvel
p. 7
“We are very positive in FY26-FY27, and we are taking lot of measures to cover up this revenue and we are positive on this.”
Ramkumar Senthilvel, page 7 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 the increase reflects extended credit days given to customers as part of growth and retention efforts.
Answered by Rajasree A.
Asked by Himanshu: Why have trade receivables increased by 70%?
p. 6
“So, this is only with respect to the expansion plans and the growth aspects. So, we also extended the credit limits or credit days with the customers.”
Rajasree A., page 6 of the filed PDF · View the filing
Management attributed the increase to advances paid to suppliers and prepaid expenses due to timing differences between payments to shipping lines and invoicing to customers.
Answered by Rajasree A.
Asked by Himanshu: What is the breakup of other current assets and why did they increase significantly?
p. 6
“Other current assets, so if you see the other current assets, we have just advance paid to our suppliers and the prepaid expenses actually.”
Rajasree A., page 6 of the filed PDF · View the filing
Management cited softened freight levels and slower demand as the main reasons for the revenue decline.
Answered by Ramkumar Senthilvel
Asked by Rahil Shah: Why is income falling for FY26?
p. 6
“Yes, see, this is due to the freight levels which has softened in the last financial year, that is one of the reasons. And the demand also, it was little slow.”
Ramkumar Senthilvel, page 6 of the filed PDF · View the filing
Management expressed a positive outlook for FY26-FY27 and said measures were being taken to cover the revenue.
Answered by Ramkumar Senthilvel
Asked by Rahil Shah: Will revenue decrease again next year?
p. 7
“We are very positive in FY26-FY27, and we are taking lot of measures to cover up this revenue and we are positive on this.”
Ramkumar Senthilvel, page 7 of the filed PDF · View the filing
Risks flagged
Softer freight rates and lower shipment volumes impacted profitability
p. 3
“Profitability during the year was impacted by softer freight rates and lower shipment volumes across global markets.”
K Manikandan, page 3 of the filed PDF · View the filing
Lower container volumes due to slower global trade and inventory correction
p. 3
“Volume remained lower compared to last year, largely due to slower global trade movements, inventory correction across major markets, and cautious procurement activity across the manufacturing sector.”
K Manikandan, page 3 of the filed PDF · View the filing
Uncertainty from bunker fuel and crude oil price fluctuations
p. 6
“The current uncertainty on the bunker, the crude oil which is happening in the last few months”
Ramkumar Senthilvel, page 6 of the filed PDF · View the filing
Slower demand contributing to revenue decline
p. 6
“And the demand also, it was little slow.”
Ramkumar Senthilvel, page 6 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.