Flomic Global Logistics Limited announced its financial results for the second quarter (Q2) and first half (H1) of Financial Year 2027 (FY27). The company reported a revenue of INR275.65 crores for H1 FY27, marking a 28.15% year-on-year growth. EBITDA saw a substantial increase of 80.48% to INR28.14 crores, with EBITDA margins improving to 10.21%. Profit After Tax (PAT) for H1 FY27 stood at INR6.39 crores, a significant improvement from a loss in the previous year.
Flomic Global Logistics Q2 and H1 FY27 Earnings Update
Flomic Global Logistics Limited has disclosed its financial performance for the second quarter and the first half of the Financial Year 2027 (FY27), ending September 30, 2026. The company highlighted a strong growth trajectory, particularly in profitability.
Financial Highlights – H1 FY27
For the first half of FY27, Flomic Global Logistics reported revenue from operations amounting to INR275.65 crores. This represents a substantial year-on-year growth of 28.15%. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a significant surge of 80.48%, reaching INR28.14 crores. Consequently, the EBITDA margin improved to 10.21%, up from 7.24% in the comparable period of the previous year. Profit After Tax (PAT) for H1 FY27 stood at a positive INR6.39 crores, a marked improvement from a loss of INR3.99 crores in H1 FY26.
Q2 FY27 Performance
In the second quarter of FY27, revenue from operations stood at INR156 crores, showing a growth of approximately 37% year-on-year. EBITDA for Q2 FY27 was reported at INR16.94 crores (approximately INR17 crores), a nearly 90% increase compared to INR8.91 crores in Q2 FY26. The EBITDA margin for the quarter expanded to 10.88%, an improvement of nearly 300 basis points from 7.84% in Q2 FY26. Profit Before Tax (PBT) for Q2 FY27 was INR6.09 crores, contrasting with a loss of INR0.78 crores in the same quarter last year. PAT for the quarter was INR4.32 crores, compared to a loss of approximately INR1 crore in the prior year’s quarter.
Key Growth Drivers
The company attributed the growth in revenue to a combination of higher freight rates and increased shipment volumes. Freight rates, particularly across international trade routes, saw a significant upward movement, contributing to revenue realization. Flomic emphasized its focus on strengthening customer relationships, enhancing operational efficiencies, and maintaining healthy margins, rather than solely relying on freight rate fluctuations. The expansion of the Bhiwandi warehousing facility was also highlighted as a strategic initiative to optimize infrastructure and improve capacity utilization.
Business Mix and Future Outlook
Freight forwarding continues to be the dominant revenue stream, accounting for approximately 86% of the total revenue. Warehousing contributed about 13% to revenue in Q2 FY27 and 14% in the first six months. The company aims to gradually increase warehousing’s contribution to 17-18% and eventually 20% of total turnover, driven by customer-backed expansion. Flomic also plans to strengthen its project cargo and specialized logistics capabilities and deepen relations with existing customers through integrated services. The company expressed confidence in benefiting from the growing demand for integrated logistics solutions in India.
Expansion at Bhiwandi
The company detailed its recent expansion at the Bhiwandi facility, which involved adding 15,000 square feet of storage space through a multi-tier structure and long-span pallet racking. This expansion aims to cater to the growing demand from segments like e-commerce and FMCG. The additional capacity is expected to contribute an estimated INR50 lakh of revenue annually from the storage space and an additional INR40-50 lakh from pallet positions, potentially leading to an overall revenue increase of INR1 crore per year if operated at 100% capacity.
Source: BSE
