Glottis Limited has expanded its global footprint by incorporating a new wholly owned subsidiary, Glottis Logistics SDN. BHD., in Malaysia. This strategic move into freight forwarding and logistics support services aims to drive international business growth through 100% cash-funded capital subscription.
Glottis reported a 39.5% YoY revenue jump to Rs. 234.5 Cr. EBITDA stood at Rs. 16.3 Cr. with a 6.9% margin, impacted by increased operating costs. New warehousing operations commenced.
Glottis Limited approved an inter-corporate loan of up to ₹5 Cr to its wholly owned US subsidiary, Glottis Inc., for working capital. The loan is unsecured and repayable within five years.
Glottis Limited reported Q4 FY26 revenue of Rs. 1,959 million, down 36.2% Y-o-Y. Full-year revenue stood at Rs. 7,226 million. Air freight revenue grew significantly Y-o-Y.
Company received GST scrutiny notice alleging ₹2.73 crore in wrongful Input Tax Credit utilization for FY23. Company is reviewing and will respond. No material financial impact currently.
