Board Meeting Outcomes

The Board of Directors meeting held on 05th November 2026 (commencing at 07:10 PM and concluding at 08:20 PM) approved:

1. Un-Audited Financial Results along with Limited Review Report for the Second Quarter and Half year Ended 30th September 2026 (Annexure 1)

2. Grant of 1,04,200 Equity Shares of Face Value of ₹10 each under Flomic ESOP Plan 2025 to eligible grantees

Financial Performance Highlights (Quarter Ended 30-Sep-2026)

  • Revenue From Operations: ₹155.65 crore (vs ₹119.99 crore in Q1 FY27 and ₹113.72 crore in Q2 FY26)
  • Other Income: ₹0.52 crore
  • Total Income: ₹156.17 crore
  • Operating Expenses: ₹125.96 crore
  • Employee Benefits Expenses: ₹9.53 crore
  • Finance Cost: ₹3.24 crore
  • Depreciation and Amortization: ₹7.61 crore
  • Other Expenses: ₹3.75 crore
  • Total Expenses: ₹150.09 crore
  • Profit Before Tax: ₹6.09 crore (vs ₹2.73 crore in Q1 FY27 and loss of ₹0.78 crore in Q2 FY26)
  • Tax Expenses: ₹1.76 crore (Current Tax: ₹1.70 crore, Deferred Tax: ₹0.06 crore, Income Tax of Earlier Years: -₹0.002 crore)
  • Net Profit: ₹4.32 crore (vs ₹2.06 crore in Q1 FY27 and loss of ₹1.01 crore in Q2 FY26)
  • Basic EPS: ₹2.38 (vs ₹1.14 in Q1 FY27 and -₹0.56 in Q2 FY26)
  • Diluted EPS: ₹2.33

Half-Year Performance (Six Months Ended 30-Sep-2026)

  • Revenue From Operations: ₹275.65 crore (vs ₹215.10 crore in H1 FY26)
  • Other Income: ₹0.93 crore
  • Total Income: ₹276.58 crore
  • Total Expenses: ₹267.76 crore
  • Profit Before Tax: ₹8.82 crore (vs loss of ₹4.07 crore in H1 FY26)
  • Tax Expenses: ₹2.43 crore
  • Net Profit: ₹6.39 crore (vs loss of ₹3.99 crore in H1 FY26)
  • Basic EPS: ₹3.52 (vs -₹2.20 in H1 FY26)
  • Diluted EPS: ₹3.44

Balance Sheet Position (as at 30-Sep-2026)

  • Total Assets: ₹235.55 crore (vs ₹178.16 crore as at 31-Mar-2026)
  • Property, plant and equipment: ₹6.13 crore
  • Right of use assets: ₹55.84 crore
  • Trade Receivables: ₹108.82 crore (significant increase from ₹58.96 crore)
  • Cash and Cash Equivalents: ₹1.74 crore (decrease from ₹13.08 crore)
  • Equity Share Capital: ₹18.17 crore (unchanged)
  • Other Equity: ₹35.31 crore (vs ₹28.98 crore)
  • Borrowings: ₹50.99 crore (₹4.99 crore current, ₹0.11 crore non-current)
  • Lease Liabilities: ₹63.63 crore (₹22.27 crore current, ₹41.36 crore non-current)

Cash Flow Statement (Half-Year Ended 30-Sep-2026)

  • Net Cash from Operating Activities: -₹18.05 crore (vs ₹19.60 crore in H1 FY26)
  • Net Cash from Investing Activities: -₹1.91 crore
  • Net Cash from Financing Activities: ₹8.56 crore
  • Net Decrease in Cash: -₹11.40 crore
  • Opening Cash Balance: ₹13.08 crore
  • Closing Cash Balance: ₹1.68 crore

Significant Notes to Financial Results

1. The company operates in a single business segment (logistics)

2. During Q1 FY27, the company revised its leave encashment policy effective 01st April 2026, reducing maximum accumulation from 42 days to 30 days and changing computation from Gross Salary to Basic Salary. This resulted in reversal of employee benefit expenses of ₹0.29 crore.

3. During Q1 FY27, the company offered 4,02,850 equity shares under Flomic ESOP Scheme 2025 approved by BSE on 17 November 2025 (Document ID: DSC/ESOP/IP/RG/3900/2025-26).

4. Cash flow statement prepared under indirect method as per Ind AS 7.

5. Tax expenses include Income Tax and Deferred Tax.