Glottis Limited Announces Q1 2026 Financial Results; Revenue Reaches 2,345,096 Lakhs

Glottis Limited Announces Q1 2026 Financial Results; Revenue Reaches 2,345,096 Lakhs​

Glottis Limited has announced its unaudited financial results for the quarter ended June 30, 2026, covering both standalone and consolidated figures. The results were reviewed and approved by the Board of Directors during a meeting held on August 10, 2026. The company also provided details regarding the utilization status of funds raised through its Initial Public Offering (IPO).

The financial reports reflect strong performance across operational income and profitability for the quarter.

Financial Performance Highlights​

For the standalone entity, Glottis Limited reported total income of 2,366,322 Lakhs, primarily driven by revenue from operations amounting to 2,345,096 Lakhs. The company recorded a Profit for the Period of 1,068.99 Lakhs.

The consolidated results showed similar operational figures, with Total Income reaching 23,663.22 Lakhs and a Profit for the period standing at 1,067.81 Lakhs. The company’s operations are currently structured as a single operating segment, focusing entirely on freight forwarding activities within India.

The key financial metrics across the quarters are presented below:

IPO Proceeds and Fund Utilization​

The company previously completed an Initial Public Offering (IPO) of 23,798,640 shares, with a face value of Rs. 2 each. The IPO was executed at an Issue Price of Rs. 129, including a Share Premium of Rs. 127, aggregating to total proceeds of Rs. 30,700.25 lakhs.

The IPO comprised two components:

• Fresh Issue of 1,24,03,000 shares amounting to Rs. 15,999.87 Lakhs.
• Offer for Sale (OFS) of 1,13,95,640 shares by selling shareholders, aggregating to Rs. 14,700.38 lakhs.

As of June 30, 2026, the company had utilized Rs. 7,238.10 Lakhs out of the total IPO proceeds sourced from the fresh issue component (Rs. 15,999.87 Lakhs). The unutilized amount stands at Rs. 8,761.77 Lakhs. A total of Rs. 8,874.28 Lakhs is currently held in Temporary Fixed Deposits pending utilization.

The objectives for which the funds were raised included Capital Expenditure (allocated 13,254.20 Lakhs) and General Corporate Purposes (allocated 1,278.99 Lakhs). The company affirmed that there was no deviation or variation in the use of funds raised against the stated objects during the reported period.

Operational and Financial Ratios​

The unaudited financial results were reviewed by the Audit Committee and approved by the Board. The company noted that it has met all its debt servicing obligations, whether principal or interest, as of June 30, 2026.

Key financial ratios for Glottis Limited include:


The company reported zero direct and zero SEBI complaints for the quarter ended June 30, 2026. The fluctuations in Other Income were primarily attributed to interest earned on the temporary parking of IPO proceeds in fixed deposits.

GLOTTIS Stock Price Movement​

Today, shares of Glottis Limited shed 1.53% in post-market trading, settling at ₹67.77 after closing the day. The stock traded a volume of 30,641 shares as it concluded its session.