Glottis Limited, a prominent player in the freight forwarding industry, has reported a significant decline in its financial performance for the second quarter of the fiscal year 2025-26. The company's unaudited standalone financial results, approved by its Board of Directors on November 14, 2025, reveal a challenging quarter marked by reduced revenue and profitability.

Key Financial Highlights

Revenue and Profitability

Glottis experienced a substantial contraction in its top line, with revenue from operations declining to ₹214.71 crore in Q2 FY2025-26, down from ₹286.99 crore in the corresponding quarter of the previous year, marking a 25.2% year-over-year decrease.

The company's net profit for the quarter stood at ₹12.35 crore, a sharp 40% decline from the ₹20.57 crore reported in Q2 FY2024-25. This significant drop in profitability underscores the challenges faced by the company during the quarter.

Operational Performance

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q2 FY2025-26 was ₹18.13 crore, compared to ₹28.70 crore in the same quarter last year, representing a 36.8% decrease. The EBITDA margin compressed to 8.44% from 10% in the previous year, indicating pressure on the company's operational efficiency.

Half-Year Performance

For the half-year ended September 30, 2025, Glottis reported a total income of ₹383.33 crore and a net profit of ₹24.29 crore. These figures demonstrate the cumulative impact of the challenging business environment over the first two quarters of the fiscal year.

Balance Sheet and Cash Flow

As of September 30, 2025, Glottis's balance sheet showed total assets of ₹2,910.62 crore. The company's cash and cash equivalents stood at ₹833.70 crore, a significant increase from ₹46.84 crore at the end of the previous fiscal year, potentially providing a cushion for future operations and investments.

Regulatory Compliance

The company has affirmed its compliance with debt servicing obligations and stated that there have been no defaults in repayment of debt securities, borrowings, or subordinated liabilities during the quarter and half-year ended September 30, 2025.

Glottis continues to operate solely in freight forwarding activities, with its operations primarily concentrated in India. The company maintains a single operating segment as per Ind AS 108 on 'Operating Segments'.

Investors and stakeholders will be closely watching Glottis's performance in the coming quarters for signs of recovery in a challenging market environment.

Glottis , a leading integrated logistics solutions provider, has announced plans for a rapid expansion of its diagnostic and specialty healthcare network. The company aims to leverage technology-enabled delivery systems and pursue international market penetration as part of its growth strategy to achieve margin improvements.

Technology-Driven Expansion

Glottis intends to capitalize on advanced technology to enhance its service offerings. The company's focus on technology-enabled delivery systems is expected to streamline operations and improve efficiency across its network.

International Market Penetration

In addition to technological advancements, Glottis is setting its sights on international markets. This expansion strategy is designed to broaden the company's global footprint and tap into new revenue streams. The company currently serves 125 countries, indicating a strong foundation for further international growth.

Financial Performance

Glottis reported the following financial results:

Operational Highlights

Glottis' operational metrics include:

• Handled 25,060 TEUs (Twenty-foot Equivalent Units)
• Added 119 new customers, bringing the total customer base to 1,080
• Maintained a diverse revenue mix across various industries, with renewable energy contributing 43% of revenue

Strategic Direction

The company's expansion strategy aligns with its broader goals, which include:

1. Expanding revenue streams and asset base
2. Strengthening end-to-end service offerings
3. Enhancing geographic reach
4. Advancing technology capabilities
5. Expanding sectoral presence
6. Aligning growth with government initiatives

As Glottis moves forward with its expansion plans, the company appears well-positioned to capitalize on its strong market presence and technological investments to drive growth in the diagnostic and specialty healthcare network sector.