Financial Performance Summary

Q2 FY27 Financial Results:

  • Revenue from Operations: Rs. 2,765 million, +28.8% YoY and +17.9% QoQ
  • EBITDA: Rs. 34 million, -81.5% YoY and -79.4% QoQ
  • EBITDA Margin: 1.2% (vs 8.4% in Q2 FY26 and 6.9% in Q1 FY27)
  • PAT: Rs. (0.2) million (loss) vs Rs. 124 million profit in Q2 FY26
  • PAT Margin: (0.0)% vs 5.8% in Q2 FY26
  • EPS: Rs. 0.00 vs Rs. 1.54 in Q2 FY26
  • Ocean Freight TEUs: 21,375

H1 FY27 Financial Results:

  • Revenue from Operations: Rs. 5,110 million, +33.5% YoY
  • EBITDA: Rs. 196 million, -44.0% YoY
  • EBITDA Margin: 3.8% vs 9.2% in H1 FY26
  • PAT: Rs. 107 million, -56.1% YoY
  • PAT Margin: 2.1% vs 6.3% in H1 FY26
  • EPS: Rs. 1.15 vs Rs. 3.04 in H1 FY26

Segment-wise Revenue Performance (Q2 FY27)

Business Vertical Performance:

  • Sea Export: Revenue grew 344.4% YoY, contribution increased to 42% of total revenue (from 12% in Q2 FY26)
  • Sea Import: Remained largest vertical with 50% revenue contribution (moderated from 81% in Q2 FY26)
  • Air Import: Revenue increased 68.9% YoY
  • Air Export: Revenue increased 420% YoY

Industry-wise Revenue Contribution:

  • Renewable Energy: Contribution declined to 16% from 46% in Q2 FY2026
  • Logistics: Contribution increased to 20% from 4% in Q2 FY2026
  • Home Appliances: Contribution increased to 18% from 11% in Q2 FY2026

Operational and Strategic Highlights

Customer Diversification:

  • Revenue contribution from top five customers reduced to 33% compared to 41% in Q2 FY26
  • Company focused on broadening customer base and increasing business from existing accounts

International Expansion:

  • Incorporated Glottis Logistics SDN. BHD., a wholly owned subsidiary in Malaysia
  • Subsidiary established to expand freight forwarding and logistics support services internationally

Infrastructure Investment:

  • Added trailers during Q1 FY2027
  • Planned deployment of containers to begin in Q3 FY27
  • Company intends to complete planned capital expenditure programme during FY27 using IPO proceeds

Management Commentary

Mr. Ramkumar Senthilvel, Managing Director, commented on the changing global trade and logistics environment, noting:

  • India's merchandise exports recorded growth during the quarter
  • Geopolitical developments, changes in freight rates, and uneven activity across trade lanes influenced the logistics industry
  • Company emphasized expanding export-led business and diversifying across customer industries
  • Priorities include improving shipment level profitability, managing operating costs, maintaining working capital discipline, and making measured investments in operating capabilities

Conference Call Details

  • Date: Thursday, November 12, 2026, at 12:00 PM IST
  • Universal Access Number: +91 22 6280 1106 / +91 22 7115 8007
  • Toll Free Numbers: HK: 800 964 448, SG: 800 101 2045, UK: 0 808 101 1573, USA: 1 866 746 2133

Company Background

Glottis Limited is an integrated logistics solutions provider headquartered in Chennai, offering multimodal services across ocean, air, and road transportation, along with warehousing, customs clearance, 3PL, and project logistics. The company has operational presence across key Indian trade hubs and global presence across 110+ countries through 210+ overseas agents, 120+ shipping lines, and handles over 89,000+ TEUs of ocean freight annually.