Flomic Global Logistics Limited's Board of Directors approved the unaudited financial results for the quarter ended 30th June 2026 at a meeting held on 12th August 2026. The meeting commenced at 7:30 PM and concluded at 8:45 PM.
Financial Performance (Quarter Ended 30th June 2026)
- Revenue from Operations: ₹119.99 crore (compared to ₹101.38 crore in Q1 FY26 and ₹108.01 crore in Q4 FY26)
- Other Income: ₹0.43 crore
- Total Income: ₹120.43 crore
- Operating Expenses: ₹96.02 crore
- Employee Benefits Expenses: ₹9.72 crore
- Finance Cost: ₹2.38 crore
- Depreciation and Amortization: ₹6.10 crore
- Other Expenses: ₹3.50 crore
- Total Expenses: ₹117.70 crore
- Profit Before Tax: ₹2.73 crore (compared to loss of ₹3.30 crore in Q1 FY26)
- Tax Expenses: ₹0.67 crore (Current Tax: ₹0.55 crore, Deferred Tax: ₹0.12 crore, Income Tax of Earlier Years: ₹0.0002 crore)
- Net Profit: ₹2.06 crore (compared to loss of ₹2.98 crore in Q1 FY26)
- Other Comprehensive Loss: ₹0.03 crore
- Total Comprehensive Income: ₹2.03 crore
- Basic EPS: ₹1.14 (compared to negative ₹1.64 in Q1 FY26)
- Diluted EPS: ₹1.11
- Paid-up Equity Share Capital: ₹18.17 crore (face value ₹10 each)
Significant Accounting Policies and Notes
1. The results were subjected to limited review by the statutory auditor, Doogar & Associates, and approved by the Board of Directors on 12th August 2026 in compliance with Regulation 33 of SEBI Listing Regulations.
2. The company operates in a single business segment, making segment-wise reporting not applicable.
3. Leave Encashment Policy Revision: Effective 1st April 2026, the company revised its leave encashment policy:
- Maximum accumulation of eligible leave reduced from 42 days to 30 days
- Computation basis changed from Gross Salary to Basic Salary
- This revision resulted in reduction of leave encashment liability and reversal of employee benefit expenses amounting to ₹2.87 lakh during the quarter
- The impact has been recognized in accordance with Ind AS 19 - Employee Benefits
4. ESOP Issuance: During the quarter, the company issued 4,02,850 equity shares under the Flomic ESOP Scheme 2025, pursuant to BSE Limited approval received on 17th November 2025 (Document Identification No. DSC/ESOP/IP/RG/3900/2025-26). The dilutive impact has been considered in diluted EPS computation.
5. The figures for the quarter ended 31st March 2026 are balancing figures between audited annual figures and previously published unaudited figures.
6. Tax expenses include both Income Tax and Deferred Tax.
7. Previous period figures have been regrouped/rearranged where necessary.
8. The results were reviewed by the Audit Committee before Board approval.
Auditor's Review
Doogar & Associates conducted a limited review of the financial results in accordance with Standard on Review Engagements (SRE) 2410. Their review did not identify any material misstatements in the financial results prepared in accordance with Ind AS 34 and SEBI requirements.