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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Glottis Ltd

Glottis Ltd Q2 FY27 Net Profit Rs. 2.47 Lakhs; Board Approves Rs. 60 Crores Promoter Loans

RESULTS ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 11 Nov 2026, 05:53 PM IST  ·  BSE ID: b784dd44-e617-4ab8-a943-5133a5acf8b6
View Original BSE Filing (PDF)
💡
In Simple Terms
Glottis Limited reported a Q2 FY27 net profit of Rs. 2.47 Lakhs and approved borrowing Rs. 60 Crores from its promoters.
🤖 AI Summary
  • Glottis Limited reported standalone net profit of Rs. 2.47 Lakhs for the quarter ended 30 September 2026 (Q2 FY27).
  • Total income for Q2 FY27 was Rs. 27,833.53 Lakhs; revenue from operations was Rs. 27,647.57 Lakhs.
  • The Board approved borrowing up to Rs. 30 Crores each from Promotor and Managing Directors Mr. Kuttappan Manikandan and Mr. Ramkumar Senthilvel.
  • Profit after tax for the half year ended 30 September 2026 (H1 FY27) was Rs. 1,083.73 Lakhs.
  • The company's IPO proceeds utilization was Rs. 9,909.54 Lakhs by 30 September 2026, with Rs. 5,990.33 Lakhs unutilized.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Net Profit for Q2 FY27
Rs. 2.47 Lakhs
Not comparable — limited prior period data.
Net Profit for Q2 FY26
Rs. 1,235.81 Lakhs
Total Income for Q2 FY27
Rs. 27,833.53 Lakhs
Not comparable — limited prior period data.
Total Income for Q2 FY26
Rs. 21,508.77 Lakhs
Promoter Loan Approved
Rs. 60 Crores
Unutilized IPO Proceeds
Rs. 5,990.33 Lakhs
🏢 How This Affects the Company
📈
Business Impact
The company faced continued margin pressures from global economic uncertainties and geopolitical conflicts, impacting bunker charges and freight rates, which could not be fully factored into customer pricing. Lower volumes in project cargo, bulk, and sea import shipments also adversely affected gross profit contribution.
💰
Financial Impact
Net profit for Q2 FY27 was Rs. 2.47 Lakhs. The approval to borrow up to Rs. 60 Crores from promoters will increase debt on the balance sheet. Unutilized IPO proceeds of Rs. 5,990.33 Lakhs are held in temporary fixed deposits.
⚙️
Operational Impact
Deployment of fixed assets funded through IPO proceeds and new warehouse lease agreements led to increased depreciation and amortisation expenses during the quarter, indicating asset expansion for logistics operations.
⚠️
Risk Impact
The company cited continued margin pressures from global economic uncertainties and geopolitical conflicts, which introduce volatility in bunker charges and freight rates and pose a risk to sustained profitability.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this filing.
👤
Who Is Affected
Shareholders are affected by the company's financial results, specifically the significant reduction in net profit for Q2 FY27. The increase in potential debt through promoter loans impacts the company's financial structure.
🔍
Management Signal
The Board's decision to borrow up to Rs. 60 Crores from Promotor and Managing Directors suggests a need for additional capital, possibly for ongoing operations or expansion plans, amidst declining profitability.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 results — monitor net profit and revenue from operations trends.
Utilisation of promoter loans — track deployment and impact on business activities.
Update on global economic uncertainties — observe any changes impacting freight rates.
MEDIUM RISK Significant profit decline in Q2 FY27 and reliance on promoter loans for capital, coupled with external market volatility.
💡 Investor Takeaway
Glottis Limited's Q2 FY27 standalone net profit was Rs. 2.47 Lakhs, a substantial decline from Rs. 1,235.81 Lakhs in Q2 FY26. The Board approved borrowing up to Rs. 30 Crores each from two Promotor and Managing Directors, totaling Rs. 60 Crores.
⚖️ Strengths & Concerns

✅ Positives

  • Total income for Q2 FY27 was Rs. 27,833.53 Lakhs, with half year total income reaching Rs. 51,200.08 Lakhs.
  • The company has utilized Rs. 9,909.54 Lakhs of IPO proceeds by 30 September 2026, with no deviation from stated objects.

⚠️ Concerns

  • Net profit for Q2 FY27 decreased significantly to Rs. 2.47 Lakhs compared to Rs. 1,068.58 Lakhs in Q1 FY27 and Rs. 1,235.81 Lakhs in Q2 FY26.
  • Profit After Tax (PAT) declined due to continued margin pressures from global economic uncertainties and lower volumes of project cargo and bulk shipments.
📅 Company Track Record
Glottis Limited was incorporated on February 18, 2022. The company completed its Initial Public Offer (IPO) and was listed on NSE and BSE on October 7, 2025. Limited public track record available. A previous filing on 2026-11-11 indicated Q2 FY27 net profit of Rs. 2.47 Lakhs and board approval for Rs. 60 Crores in promoter loans.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Glottis Limited's standalone net profit for Q2 FY27?
Glottis Limited reported a standalone net profit of Rs. 2.47 Lakhs for the quarter ended 30 September 2026 (Q2 FY27).
What was the total income for Glottis Limited in Q2 FY27?
The total income for Glottis Limited for the quarter ended 30 September 2026 (Q2 FY27) was Rs. 27,833.53 Lakhs.
What borrowings did Glottis Limited's Board approve?
The Board approved borrowing up to Rs. 30 Crores from Mr. Kuttappan Manikandan and up to Rs. 30 Crores from Mr. Ramkumar Senthilvel, both Promotor and Managing Directors, totaling Rs. 60 Crores.
What was Glottis Limited's profit for the half year ended 30 September 2026?
The profit for the half year ended 30 September 2026 (H1 FY27) was Rs. 1,083.73 Lakhs.
How much of the IPO proceeds remain unutilized by Glottis Limited?
As of 30 September 2026, Rs. 5,990.33 Lakhs of IPO proceeds remain unutilized, with Rs. 6,990.33 Lakhs held in temporary Fixed Deposits and Rs. 2.33 Lakhs in a Monitoring Bank Account.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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