Flomic Global Logistics Ltd

Record date and book closure

• Record date for voting entitlements on equity shares; AGM date 11 Sep 2026; book closure 05-11 Sep 2026.

e-voting window

• e-voting window from 08 Sep 2026 09:00 to 10 Sep 2026 17:00.

AGM Details

• Date/time/mode: 11 Sep 2026, 04:00 PM IST, via VC/OAVM.
• Cut-off for voting: 04 Sep 2026.
• Register closure: 05–11 Sep 2026 (inclusive).
• Remote e-voting window: 08–10 Sep 2026, 09:00–17:00 IST.

Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Reappoint Satyaprakash Pathak as Non-Executive Non-Independent Director.
• Approve guarantee fee to MD Lancy Barboza up to ₹50 Lakh per annum.
• Approve guarantee fee to Anita Lancy Barboza up to ₹50 Lakh per annum.

Voting Results

• Resolution 1 voting result not disclosed.
• Resolution 2 voting result not disclosed.
• Resolution 3 voting result not disclosed.
• Resolution 4 voting result not disclosed.

Dividend

• Dividend: no dividend proposed or declared.

Director Changes

• Pathak reappointment as director.

Related Party Transactions

• Material RPTs: guarantee fees to MD and director; cap ₹50 Lakh annually.

Other Material Approvals

• Other material approvals: none disclosed.

Financial snapshot

• Revenue from operations ₹43,173 lakh, down from ₹50,015 lakh year-earlier.
• EBITDA ₹3,836 lakh with 8.89% margin.
• PAT ₹31 lakh; basic EPS ₹0.17.
• PBT ₹69.23 lakh; tax ₹38.22 lakh; PAT ₹31.01 lakh.
• No dividend proposed for FY25-26; prior final dividend paid for FY25.

Operations and service mix

• Sea export revenue ₹13,918 lakh; air export ₹6,239 lakh.
• Air & Sea import (CCL) ₹3,010 lakh; (FWD) ₹12,486 lakh.
• Warehousing revenue ₹7,521 lakh; shipments 42,628; 5,000+ customers.

Balance sheet and liquidity

• Total assets ₹17,815.9 lakh; equity and liabilities balanced.
• Equity ₹4,715 lakh; retained earnings ₹2,923 lakh.
• Current borrowings ₹2,208 lakh; lease liabilities ₹6,208 lakh; cash ₹1,308 lakh.
• Trade receivables ₹5,895.8 lakh net; credit loss provision ₹275.3 lakh.

Capital structure and cash flow

• Gearing 18.56%; net debt ₹1,074 lakh.
• Net cash from operating activities ₹5,591.45 lakh.
• Investing cash flow ₹69.75 lakh; financing cash flow ₹-5,296.37 lakh.
• Closing cash ₹1,377.78 lakh; opening ₹1,012.95 lakh.

Audit, governance and risks

• Auditors: Doogar & Associates; Secretarial: HD & Associates; no adverse remarks.
• Contingent liabilities: ₹1,996.17 lakh (tax, GST, disputed claims, guarantees).
• Internal controls suitable; ERPs in cloud; risk management framework in place.

Board, governance and people

• Board: 8 directors; 2 executive, 4 independent; Aneish Kumaran Kumar resigned Aug 2025.
• Anthony Chettiar appointed independent director at Nov 2025; Board meetings six times.
• ESOP: Flomic ESOP 2025; 12,71,785 shares approved; 402,850 options granted.

Outlook and strategy

• Strategy: asset-light growth; margin expansion; focus on warehousing and break bulk.
• Industry tailwinds: NLP, PM GatiShakti, DFCs; China-plus-one supports exports from India.
• Risks: currency, regulatory changes, competitive intensity, macro headwinds.

Financial Performance

• Revenue from operations: INR120 crores in Q1 FY27; up 18.4% YoY from INR101.38 crores.
• EBITDA margin: 9.34% in Q1 FY27, up from 6.59% in Q1 FY26 (275 bps).
• PBT: INR2.73 crores; prior-year loss before tax (amount not disclosed).
• PAT: INR2.06 crores vs INR2.98 crores in corresponding quarter.

Segment Update

• Air & Sea Import Forwarding revenue: INR40 crores in Q1 FY27.
• Sea Export revenue: INR33.39 crores.
• Air Export revenue: INR22 crores.
• Warehousing revenue: INR18 crores.
• Air & Sea Import revenue: INR7.42 crores.
• All segments improved vs last year.

Strategy & Technology

• Asset-light model to continue; focus on profitability, cost discipline, and cross-selling.
• Technology as growth enabler; AI-based application started from 1 July.
• Five-year focus: profitable growth, warehousing, project logistics, and integrated solutions.

Outlook & Guidance

• FY27 objective: continue building on momentum while maintaining discipline on cost, working capital, and service quality.
• Expand presence in key Indian hubs; selectively overseas; deepen customer relations.
• Grow margin-accretive businesses: warehousing, project logistics, and specialized logistics.

Q&A Highlights

• Growth outlook: momentum likely to continue for 3–4 quarters; no specific numeric guide provided.
• Freight forwarding is the major driver (~80–85% of business); warehousing and project logistics additive.
• Projects: focus on oil & gas, aerospace; exports to Africa; imports from Germany/China; higher margins.
• Technology & efficiency: AI tool adoption; improves operating leverage; reduces manpower costs.
• Customer concentration: >50% revenue from customers with 3-year relationships; ~52% from existing customers; ~5,000+ active customers.
• Warehousing: margin 15–20% (Ind AS 116 impact); expected to reach ~20% by year-end; 20% target discussed.

Risks & Watchpoints

• Freight-rate volatility and geopolitical dynamics impacting volumes and pricing.
• Execution risk in project cargo and capacity alignment with client timelines.
• Receivables management: targeted collection in 30–60 days.

Meeting Details

• Date: 13 August 2026
• Type: Earnings call (conference call, group)
• Organizer: Flomic Global Logistics Limited
• Purpose: Discuss financial performance for quarter ended 30 June 2026
• Recording: Audio recording available on the company website

Participants

• Key company participant: Company Secretary cum Compliance Officer

Business Overview

• Integrated asset-light logistics platform across air, sea, land, and specialized services.
• Pan-India network: 25 branches and 30+ warehouses totaling ~13.8 lakh sq ft.
• CRISIL BBB- / Stable rating; promoter ownership ~69%.
• 38+ years of operations; margin-based freight-forwarding model.

Operational Highlights

• Q1 FY27 shipments: 10,545; 184 new customers added.
• Warehousing footprint expanded to 13.8 lakh sq ft.
• Receivables quality improved: 60+ day receivables down 22.4% to ₹10.82 cr.
• Total debtors increased ~10% YoY to ₹66.32 cr.
• Logi-Sys ERP enables real-time visibility and control.

Financial Performance

• Q1 FY27 revenue from operations ₹11,999.77 lakhs; YoY +18.4%.
• Q1 FY27 EBITDA ₹1,120.57 lakhs; margin 9.34%; YoY +67.78%.
• Q1 FY27 PAT ₹206.25 lakhs; PAT margin 1.7%.
• FY26 revenue ₹43,172.65 lakhs; EBITDA ₹3,836.06 lakhs; margin 8.89%.
• FY26 PAT ₹31.01 lakhs; PAT margin 0.07%.
• FY26 total equity ₹4,715.11 lakhs; cash ₹1,308.18 lakhs.

Capital Structure & Liquidity

• Borrowings: Current ₹2,208.14 lakhs; Non-current ₹174.33 lakhs.
• Lease liabilities: Current ₹2,305.40; Non-current ₹3,902.65.
• CRISIL rating BBB- / Stable.

Strategic Priorities & Outlook

• Way Forward: expand presence in key Indian hubs and select overseas nodes.
• Margin-accretive growth via warehousing expansion, projects logistics, and break-bulk.
• Forward integration into CFS and air cargo capabilities.
• Technology enablement to boost efficiency and visibility.
• Wallet-share deepening through integrated multi-service offerings.

Governance & Leadership

• CEO/MD: Lancy Barboza; CFO: Abhinandan Gupta.
• Independent Directors listed on the board.
• Promoter ownership ~69%.

Risks & Mitigation

• Forward-looking statements subject to macro and execution risks.

Financial highlights

• Revenue from operations: ₹11,999.77 lakh in Q1 FY27, up 18.37% YoY.
• EBITDA: ₹1,120.57 lakh; EBITDA margin 9.34% in Q1 FY27.
• PAT: ₹206.25 lakh; PAT turned profitable in Q1 FY27.
• Basic EPS: ₹1.14 in Q1 FY27.

QoQ and comparative highlights

• Q4 FY26 revenue: ₹10,801.47 lakh; QoQ up 11.09%.
• Q4 FY26 EBITDA: ₹1,293.98 lakh; EBITDA margin 11.98%.
• Q4 FY26 PAT: ₹352.89 lakh; PAT margin 3.27%.

Outlook and strategy

• Management remains positive about long-term logistics industry growth.
• Focus continues on expanding integrated logistics platform and operational efficiency.

Q1 ended 30 June 2026 results

• Board approved unaudited financial results for the first quarter ended 30 June 2026.
• Limited Review Report enclosed with the results.
• Board meeting commenced at 07:30 PM and concluded at 08:45 PM.
• Date of disclosure: 12 August 2026.

Financial results and annual report

• Un-audited Q1 FY2026-27 results with Limited Review Report approved.
• Annual Report and Directors' Report for FY2025-26 approved.

AGM notice and share registry actions

• Notice for 45th AGM to be held on 11 Sep 2026 via VC/OAVM approved.
• Register of Members and share transfer books to close 5–11 Sep 2026 for AGM.