Glottis Earnings Call Transcript: Key Takeaways
Glottis Limited reported strong revenue growth driven by sea exports but faced significant margin compression due to rising freight and operating costs.
- Call
- Guides 10% growth
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Glottis Limited reported strong revenue growth driven by sea exports but faced significant margin compression due to rising freight and operating costs.
Glottis reported Q2 FY27 revenue of ₹2,765 million, up 28.8% YoY, but EBITDA fell to ₹34 million. PAT was a loss of ₹0.2 million for the quarter.
Q2 FY27 revenue Rs 2,765 Mn (+28.8% YoY), EBITDA Rs 34 Mn (1.2% margin), PAT loss Rs 0.2 Mn. H1 revenue Rs 5,110 Mn (+33.5%), PAT Rs 107 Mn (-56.1%). Shift toward export-led business.
Glottis Limited filed its Reg 32 statement confirming no deviation in IPO fund utilisation for the quarter ended September 30, 2026. Gross proceeds of ₹15,999.87 Lakhs were raised, with ₹9,009.54 Lakhs utilised so far.
Glottis's board approved up to ₹60 Crore of interest-free unsecured loans from two Managing Directors. The related-party loans fund working capital and are not at arm's length.
Glottis revised its unsecured inter-corporate loan to wholly owned subsidiary Glottis Inc., now up to US$5 lakh. The interest rate moved to highest borrowing cost plus 0.50% spread.
Glottis Ltd reported revenue from operations of ₹276.5 Cr (+28.8% YoY) and net profit of ₹0.2 Cr (-98.4% YoY) for Q2 FY27.
Glottis Limited has opened a new branch office in Hyderabad, Telangana, effective November 05, 2026. This expansion aims to enhance the company's operational reach and regional customer service.
Glottis Limited concluded its 4th Annual General Meeting on September 28, 2026. Shareholders approved the financial statements and the re-appointment of a Director.