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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹196 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹49.5 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Glottis reported Q4 FY26 revenue of ₹959 million, with EBITDA and PAT margins both at 5.4%. Full-year revenue was ₹7,226 million, EBITDA ₹495 million (6.9% margin), and PAT ₹377 million (5.2% margin). The logistics environment remained challenging with soft freight rates and lower container volumes (89,098 TEUs for FY26, down YoY). Import revenue grew 23.6% YoY, and exports more than doubled, though from a small base. The company added 163 new customers and expanded its network. Management expressed optimism for FY27 but provided no specific guidance. Key risks include sustained global trade weakness and elevated trade receivables from extended credit terms.
Colored figures show movement against the previous available record.
Guidance to track
- Management expressed optimism for FY27, citing measures to cover the revenue decline, but no specific targets were provided.
Risks flagged
- Soft freight rates and lower container volumes persisted through FY26, and management did not provide a clear recovery timeline.
- Trade receivables increased ~70% due to extended credit days to retain customers, raising working capital and default risk.
- Management acknowledged revenue decline but gave only vague optimism for FY27, lacking concrete targets.
Key quotes
- The logistics and freight environment during the year remained challenging across global markets. Freight rates remain soft and customers across industries planned shipments cautiously due to uneven demand visibility and inventory optimization.
- We are very positive in FY27 and we are taking a lot of measures to cover up this opinion and we are positive on this.
- We wanted to retain the customers. So in order to do that we have given extended credit days because of that our trade receivables increased.
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