What’s new

• FY26 net profit crashed 91% to ₹31 lakh from ₹370 lakh in FY25.
• Revenue from operations fell 13.7% to ₹431.7 crore from ₹500.1 crore.
• The board approved re-appointment of internal auditors and reconstituted a committee.

Why it matters

A 91% profit collapse on a 14% revenue drop means costs moved in the wrong direction. The company's ability to convert sales into profit has deteriorated sharply. For a nano-cap, this scale of earnings erosion raises immediate questions about operational viability.

What we’re watching

• Whether the cost pressures are structural or one-time in nature.
• Management's commentary on the revenue decline on the earnings call.
• Any forward guidance on margins or cost controls.

The full read

Flomic Global Logistics just reported a 91% collapse in annual profit. Net profit for FY26 fell to ₹31 lakh from ₹370 lakh in FY25, a stunning decline that came on the back of a 13.7% drop in revenue to ₹431.7 crore. The numbers suggest margins got squeezed hard. The company also reconstituted a committee and reappointed its internal auditors, but the earnings story is the headline. Q4 did post a ₹352.89 lakh profit, but the first three quarters were clearly a disaster. For a nano-cap logistics firm, this level of profit erosion is severe. The auditor gave the results a clean bill of health, but that only confirms the numbers are accurate, not that they're good.

Primary source: BSE · NSE