Glottis Limited has announced its unaudited financial results for the quarter ended December 31, 2025, reporting a significant decline in revenue and profitability amid challenging global trade conditions. The Chennai-based logistics solutions provider faced headwinds from softer freight rates and reduced shipment volumes across key trade routes.

Financial Performance Overview

The company's Q3FY26 performance reflected the impact of a difficult operating environment on key financial metrics:

Revenue from operations declined 27.2% year-on-year to Rs 1,439 million, while quarter-on-quarter revenue fell 33.0%. The company's profitability was severely impacted, with EBITDA margins compressing to 2.8% from 9.5% in the corresponding quarter last year.

Nine-Month Performance

For the nine-month period ending December 31, 2025, Glottis reported revenue of Rs 5,267 million, down 16.9% from Rs 6,340 million in the previous year. EBITDA for 9M FY26 stood at Rs 390 million with a margin of 7.4%, compared to Rs 623 million and 9.8% margin in 9M FY25. Profit after tax declined 39.7% to Rs 270 million.

Operational Metrics and Segment Performance

Glottis handled 20,710 TEUs of ocean freight import during Q3FY26, with volumes remaining lower in line with industry trends. The revenue contribution by segment showed ocean freight import continuing to dominate at 78% of total revenue, followed by ocean freight export at 14%.

Geographically, Asia remained the leading region contributing 83% of revenue in Q3FY26. From an industry perspective, engineering products accounted for 33% of revenue, while home appliances contributed 20% and renewable energy 19%.

Management Commentary

Managing Director Ramkumar Senthilvel attributed the performance to softer global trade activity and continued pressure on freight rates. He noted that the company remained focused on protecting customer relationships and maintaining service quality while aligning capacity with demand conditions. The management emphasized disciplined shipment selection and variable cost alignment to mitigate the impact of challenging market conditions.

Post-Earnings Conference Call

Following the announcement of Q3FY26 results, Glottis Limited conducted a post-earnings conference call for investors and analysts on February 19, 2026. The company has now made the audio recording of this earnings call available on its website for stakeholders who wish to review the detailed discussions about the quarterly performance.

The audio recording provides comprehensive insights into the company's quarterly performance, management's strategic outlook, and responses to analyst queries regarding the challenging operating environment and future business prospects.

Glottis Limited has received board approval to extend the timeline for utilizing its remaining IPO proceeds by one year, following a board meeting held on February 13, 2026. The company filed this intimation under Regulation 30 of the SEBI Listing Regulations with both NSE and BSE on February 14, 2026.

IPO Proceeds Utilization Status

The logistics company had originally proposed to utilize the funds raised through its initial public offering for various identified objects as disclosed in the offer documents. The current utilization status shows significant funds remaining for deployment.

Extended Timeline Details

The Board of Directors has approved extending the utilization timeline for the remaining funds by one year. This extension provides the company additional time to deploy the substantial unutilized amount according to the original plan.

Regulatory Compliance and Fund Management

Glottis Limited has emphasized that there are no changes to the objects of the issue as originally stated in the offer document. The extension pertains solely to the timeline for deployment of the remaining funds. The company maintains strict compliance with regulatory requirements for managing the unutilized proceeds.

The unutilized IPO proceeds are currently maintained in compliance with:

• Companies Act, 2013
• SEBI (ICDR) Regulations, 2018
• Other applicable laws and regulations

The funds are parked in interest-bearing instruments as permitted under regulations, pending their deployment for the intended purposes. This approach ensures the company maximizes returns on the unutilized funds while maintaining regulatory compliance.

Corporate Disclosure

The intimation was signed by Nibedita Panda on behalf of Glottis Limited and filed with both the National Stock Exchange of India Limited and BSE Limited. The company has made this information available on its official website at https://www.glottislogistics.in/ for stakeholder access and transparency.