About Fly-Hi Maritime
Fly-Hi Maritime Travels Limited is a specialized logistics company that manages end-to-end travel arrangements for commercial shipping crews, handling everything from flights and ground transport to visas and hotel bookings.
Financial Highlights & Objectives
Strong Growth: Revenue increased by 36% and Profit After Tax (PAT) surged by 145% between FY25 and FY26. For FY26, the company reported total income of ₹62.21 crore and a PAT of ₹8.43 crore.
Global Exposure: Over 90% of the company revenue comes from international markets, as they service global commercial shipping companies.
Use of Proceeds: The funds raised from the fresh issue will primarily be directed toward funding working capital requirements (₹24.24 crore) and the partial repayment of borrowings (₹4.00 crore), alongside general corporate purposes and marketing.
Client Concentration Risk: The company relies heavily on its top 10 customers, who contributed over 91% of total revenue in FY26, as well as an exclusive distributor for a significant portion of its sales.
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