| Revenue growth | Q2 +10.7% YoY; H1 -2.6% YoY |
|---|---|
| Margins | Q2 EBITDA margin 2.17% vs Q1 12.69% |
| Demand visibility | Domestic India push; UAE market diversification being pursued |
Growth
Q2 revenue ₹599 Mn, +10.7% YoY, -8.4% QoQ; H1 ₹1,253 Mn, -2.6% YoY. Q2 PAT loss widened to ₹54 Mn.
Outlook
No numerical guidance given. Domestic dispatches began October 2026; FZE equity conversion of ₹110.44 Cr pending approvals.
Risks
Raw material costs up 25–50%, freight nearly 5x; Q2 other income ₹15 Mn vs ₹92 Mn YoY.
Last quarter's promises, checked
Delivered
- Natural stone unit exit effective 31 Mar 2026 → discontinued 31 Mar 2026 (= BEAT)
Partly delivered
- India launch in Q2 FY27 → domestic dispatches began Oct 2026, one quarter late (= PARTIAL)
Missed
- Profitability to scale 'dramatically' as utilisation rises → Q2 EBITDA margin 2.17% vs Q1 12.69%; PAT loss ₹54 Mn vs ₹46 Mn (= MISS)
- Utilisation to improve → Q2 revenue ₹599 Mn, -8.4% QoQ (= MISS)
Investor Presentation filed with BSE, NSE: GSLSU. Summary written with AI assistance from the document.
Global Surfaces Ltd: key numbers
- Share price
- ₹23.49
- Market cap
- ₹99.55 Cr
- Revenue (annual)
- ₹233.2 Cr
- Net profit (annual)
- ₹-30.43 Cr
- P/E (TTM)
- -3.3×Sector 35.2×
- Promoter holding
- 73.25%+0.00% QoQ
- FII holding
- 0.77%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Global Surfaces Ltd
All →Global Surfaces Management Change
Global Surfaces re-appointed Mr. Sudhir Baxi as Non-Executive Independent Director for a 60-month term effective 20 Dec 2026. No new money or business impact is involved in this routine board decision.
Global Surfaces Other Announcement
Global Surfaces disclosed three KMPs authorised to determine materiality of events under Regulation 30(5). The list is an administrative update to the company's materiality policy with no financial impact.
Global Surfaces Q2 FY27 Results: Net Loss of ₹5.4 Cr, Loss Widens
Global Surfaces Ltd reported revenue from operations of ₹59.9 Cr (+10.7% YoY) and a net loss of ₹5.4 Cr for Q2 FY27.
- Key figure
- Net loss ₹5.4 Cr
Global Surfaces Board Meeting Date
Global Surfaces Ltd notified BSE and NSE that its Board will meet on 2 November 2026 to approve Q2/H1 FY27 un-audited results. The trading window will reopen 48 hours after results declaration.
Global Surfaces Other Announcement
The company submitted its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI Regulation 31(1)(b).
Global Surfaces Annual General Meeting
Global Surfaces Ltd held its 35th Annual General Meeting on September 19, 2026, via video conference. Shareholders voted on the company's financial results and director appointments.