Glottis Q3 FY26 Revenue Drops 27.2% to ₹143.9 Crore Amidst Soft Global Trade
Glottis Limited reported Q3 FY26 revenue of ₹143.9 crore, down 27.2% YoY. EBITDA was ₹4.0 crore with a 2.8% margin, and PAT was ₹2.7 crore. The company cited softer global trade and freight rate pressure. For 9M FY26, revenue was ₹526.7 crore, down 16.9% YoY.
The substantial drop in financial performance metrics suggests a moderate impact on the company's valuation and investor sentiment, although the company's focus on customer relationships and long-term strategy might mitigate some of the negative effects.
The company reported a significant year-on-year decline in revenue, EBITDA, PAT, and EPS for the third quarter of FY26, indicating a negative financial performance.
Glottis Limited announced its unaudited financial results for the third quarter ended December 31, 2025. Revenue from operations for Q3 FY26 stood at ₹143.9 crore (1,439 Million), marking a year-on-year decrease of 27.2% from ₹197.7 crore (1,977 Million) in Q3 FY25. The company reported EBITDA of ₹4.0 crore (40 Million) with a margin of 2.8%, a significant drop from ₹18.8 crore (188 Million) and 9.5% margin in the same period last year. Profit After Tax (PAT) was ₹2.7 crore (27 Million), down from ₹13.5 crore (135 Million) in Q3 FY25, with a PAT margin of 1.9%. Earnings Per Share (EPS) also declined to ₹0.29 from ₹1.68. The company attributed the performance to softer global trade activity, pressure on freight rates, and cautious shipment planning by customers. Ocean freight, particularly Sea Import, remained the primary business vertical contributing about 79% of the revenue, while Sea Export's share improved sequentially to 14.5%. The broader logistics environment was marked by excess capacity and rate volatility, impacting realizations. The company handled 20,710 TEUs during the quarter. Geographically, Asia continued to be the leading region contributing about 83% of revenue, with renewable energy and engineering products being significant industry contributors.
For the nine-month period ended December 31, 2025 (9M FY26), Revenue from Operations was ₹526.7 crore (5,267 Million), a decrease of 16.9% from ₹634.0 crore (6,340 Million) in 9M FY25. EBITDA for 9M FY26 was ₹39.0 crore (390 Million) with a margin of 7.4%, compared to ₹62.3 crore (623 Million) and 9.8% margin in the prior year. PAT for the nine months was ₹27.0 crore (270 Million), a 39.7% decrease from ₹44.8 crore (448 Million) in 9M FY25. Mr. Ramkumar Senthilvel, Managing Director, commented that the company remained focused on protecting customer relationships, maintaining service quality, and aligning capacity with demand. He highlighted that despite lower volumes, engagement with core accounts remained active, with the top five customers contributing 31% in Q3 and 38% for the nine-month period. The company's strategy remains centered on disciplined shipment selection, strengthening multimodal capabilities, and expanding wallet share with existing customers.
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