Ramkumar Senthilvel

Glottis is navigating a challenging logistics environment characterized by margin pressures and global economic uncertainties, as evidenced by a significant 77% decline in Q2 net profit. While revenue increased by a substantial 28.8% year-over-year, driven by a surge in Sea Export business now representing 42% of total revenue, profitability was severely impacted, with EBITDA falling 81.5% to a 1.2% margin. To bolster working capital, the company has secured ₹60 crore in interest-free director loans, a related-party transaction, while also diversifying its customer base and expanding internationally through a Malaysian subsidiary. Investors should monitor Glottis’s efforts to improve shipment profitability and manage costs as it utilizes IPO proceeds for container deployment in the coming quarter.