Glottis Limited Announces Audited Financial Results and Key Corporate Appointments for FY 2026
Glottis Limited released its audited financial results for the quarter and financial year ended March 31, 2026, on May 25, 2026. The company also announced changes in its audit and internal audit committees and updated its list of Senior Management Personnel (SMP).Financial Performance Highlights
The Company released audited standalone and consolidated financial results, including the balance sheets and cash flow statements for the period ending March 31, 2026.The financial data for the Standalone Statement of Financial Results and the Consolidated Statement of Financial Results are presented below:
| Particulars (in ₹ Lakhs) | Quarter Ended 31 Mar 2026 | Year Ended 31 Mar 2026 |
|---|---|---|
| Total Income (Standalone) | 20,085.21 | 72,940.41 |
| Total Expenses (Standalone) | 18,709.03 | 67,862.11 |
| Profit Before Tax (Standalone) | 1,376.18 | 5,078.30 |
| Profit for the Period (Standalone) | 1,071.30 | 3,771.62 |
| Total Assets (Standalone) | 30,907.81 | 36,708.36 |
| Total Assets (Consolidated) | 30,905.17 | 36,704.33 |
The audited standalone balance sheet reflects significant increases in assets, with total assets reaching ₹36,708.36 Lakhs as at March 31, 2026, compared to ₹15,540.11 Lakhs as at March 31, 2025.
For the year ended March 31, 2026, the company's cash flow from operating activities was (₹6,878.75 Lakhs), while net cash flow from financing activities stood at ₹17,278.04 Lakhs, resulting in an increase in cash and cash equivalents of ₹482.45 Lakhs.
Corporate Governance and Appointments
The Board of Directors approved several key corporate governance appointments and personnel changes:- Tax Auditors: M/s. CNGSN & Associates LLP, Chartered Accountants, were appointed as Tax Auditors for the Financial Year 2026-27.
- Transfer Pricing Auditors: M/s. CNGSN & Associates LLP, Chartered Accountants, were appointed as Transfer Pricing Auditors for the Financial Year 2026-27.
- Internal Auditors: M/s. PKF Sridhar & Santhanam LLP, Chartered Accountants, were appointed as Internal Auditors for the Financial Year 2026-27.
The Board also reviewed and approved changes concerning Senior Management Personnel (SMP). Specific changes included the designation of Mr. Satheesh being revised from Senior Manager - Trade Lane Development Exports to Assistant General Manager (AGM), effective from June 1, 2026.
The revised list of Senior Management Personnel (SMP) includes:
- Mr. MuthuKrishnakanth Rajagopal Nadar (Chief Operating Officer)
- Mr. Narendran Ranganthan (General Manager - Vietnam and Thailand)
- Mr. Subash Selvan R (General Manager - Malaysia & Med Ports)
- Mr. Navashakthi K (General Manager - Indonesia and Africa)
- Mr. Suraj Prakash Gupta (Head Corporate Governance and Compliance)
- Mr. Satheesh (Assistant General Manager)
IPO Proceeds and Fund Utilization
The company previously completed an Initial Public Offer (IPO) of 2,37,98,640 shares at an Issue Price of ₹129 (including a Share Premium of ₹127), aggregating to ₹30,700.25 lakhs.Regarding fund utilization, the IPO raised ₹15,999.87 Lakhs. Of the total proceeds, ₹7,125.59 Lakhs was utilized by the end of the current reporting period (March 31, 2026), leaving an unutilized amount of ₹8,874.28 Lakhs.
The fund utilization for the quarter ended March 31, 2026, showed that Net Proceeds were revised from ₹14,520.07 lakhs to ₹14,533.19 lakhs, with the increase attributed to actual Issue Expenses being lower than estimated by ₹13.12 lakhs, which was adjusted against General Corporate Purposes cost.
Key Financial Ratios (as of March 31, 2026)
Key ratios for the quarter ending March 31, 2026, included:| Ratio | Value |
|---|---|
| Current Ratio (in times) | 3.81 |
| Debt-Equity Ratio (in times) | 0.18 |
| Return on Equity Ratio (in %) | 3.87% |
| Trade Receivables Turnover Ratio (in times) | 131 |
| Operating Margin Ratio (in %) | 5.38% |
| Net Profit Ratio (in %) | 5.47% |
GLOTTIS Stock Price Movement
Today, Glottis Limited shares rallied, settling higher to close at ₹69.97, reflecting a strong day-long gain of 0.78%. The stock traded with a volume of 149,426 shares, confirming robust activity through the market close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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