Flomic Global Logistics Swings to ₹432.45 Lakh Net Profit as EBITDA Jumps 90%

Flomic Global Logistics reported a net profit of ₹432.45 lakh for the second quarter of FY27, reversing a loss of ₹101.36 lakh in the same quarter a year earlier. ScanX reported that EBITDA rose 90% to ₹1,693.81 lakh and revenue from operations grew 36.9% to ₹15,565.43 lakh. The Mumbai-based company runs an integrated logistics platform spanning freight forwarding and warehousing.

Flomic's Q2 Margins and Shipment Volumes

EBITDA margin expanded to 10.9% from 7.84% a year earlier, and basic earnings per share came in at ₹2.38 against a negative ₹0.56 in Q2FY26. For the half year ended September 30, 2026, revenue grew 28.1% to ₹27,565.20 lakh and EBITDA rose 80.5% to ₹2,814.38 lakh, with basic EPS of ₹3.52 compared with a loss of ₹2.20 in H1FY26.

Flomic handled 9,890 shipments in the quarter and added 201 new customers, taking the half-year totals to 20,435 shipments and 385 customers. Cargo volumes were 6,209 TEUs in Sea FCL, 9,094 CBM in Sea LCL and 1,271 MT in Air freight, and the sales mix was 52% exports, 35% imports and 13% warehousing. The company operates 13.8 lakh sq. Ft. Across more than 30 warehouses.

The Board of Directors approved the limited reviewed results on November 5, 2026, and granted 1,04,200 equity shares of ₹10 face value each under the Flomic ESOP Plan 2025.

Receivables Double and Cash Flow Turns Negative

Trade receivables rose to ₹10,881.87 lakh as of September 30, 2026, nearly double the ₹5,895.82 lakh at March 31, 2026. Cash and cash equivalents fell to ₹174.17 lakh from ₹1,308.18 lakh at the start of the fiscal year, and operating activities used ₹1,804.88 lakh in the half year. Short-term borrowings increased by ₹2,768.27 lakh to bridge the working capital gap.

Bhiwandi Expansion and Earlier Results

In October 2026, ScanX reported that Flomic expanded its Bhiwandi warehouse with a multi-tier structure and high-rise pallet racking, quadrupling leasable area to 20,000 sq ft and adding more than 2,000 pallet positions for a total of about 8,000 pallets. In August 2026, the same outlet reported a net profit of ₹2.06 crore for Q1 FY27, reversing a ₹2.98 crore loss a year earlier, and a 91.6% year-on-year fall in FY26 net profit to ₹31.01 lakh on a 13.7% revenue decline.

Flomic's Next Steps After the Q2 Results

The company's Bhiwandi capacity additions were commissioned in July 2026 and completed in September and October 2026, with a quick commerce customer occupying the tiered space from September 2026 and an FMCG customer using the new pallet positions from October 2026.