Date: August 20, 2026

Financial Results (Standalone)

Quarter Ended June 30, 2026 (Q1 FY27)

  • Revenue from Operations: ₹221.32 million
  • Other Income: ₹29.46 million
  • Total Income: ₹250.78 million
  • Profit Before Tax: ₹29.56 million
  • Tax Expense: ₹4.20 million (Current Tax: ₹5.12 million, Deferred Tax: ₹-0.92 million)
  • Profit After Tax: ₹25.36 million
  • Total Comprehensive Income: ₹25.36 million
  • Basic EPS: ₹0.60
  • Diluted EPS: ₹0.60

Comparative Standalone Performance

  • Revenue QoQ (vs Mar 31, 2026): ₹221.32M vs ₹199.58M
  • Revenue YoY (vs Jun 30, 2025): ₹221.32M vs ₹281.49M
  • PAT QoQ: ₹25.36M vs ₹11.92M
  • PAT YoY: ₹25.36M vs ₹14.62M

Financial Results (Consolidated)

Quarter Ended June 30, 2026 (Q1 FY27)

  • Revenue from Operations: ₹654.19 million
  • Other Income: ₹1.92 million
  • Total Income: ₹656.11 million
  • Profit/(Loss) Before Tax: ₹4.84 million
  • Tax Expense: ₹4.20 million (Current Tax: ₹5.12 million, Deferred Tax: ₹-0.92 million)
  • Profit/(Loss) After Tax: ₹0.64 million
  • Total Comprehensive Income/(Loss): ₹0.32 million
  • Basic EPS: ₹0.04
  • Diluted EPS: ₹0.04

Segment Performance (Q1 FY27)

  • India Revenue: ₹221.32 million, Segment Result: ₹29.57 million
  • United States of America Revenue: ₹124.79 million, Segment Result: ₹-6.44 million
  • United Arab Emirates Revenue: ₹408.07 million, Segment Result: ₹-30.57 million
  • Intersegment Eliminations: ₹-99.99 million, Segment Result: ₹12.29 million

Comparative Consolidated Performance

  • Revenue QoQ (vs Mar 31, 2026): ₹654.19M vs ₹453.93M
  • Revenue YoY (vs Jun 30, 2025): ₹654.19M vs ₹745.04M
  • PAT QoQ: ₹0.64M vs ₹-233.80M
  • PAT YoY: ₹0.64M vs ₹-5.72M

Board Meeting Outcomes

The Board of Directors meeting held on August 10, 2026 approved:

  • Unaudited standalone and consolidated financial results for quarter ended June 30, 2026
  • Conversion of further portion of unsecured loan to Global Surfaces FZE (wholly owned subsidiary) amounting to AED 3,000,000 and USD 10,857,591 (aggregating equivalent to INR 1,104.41 million as on Reference Date June 30, 2026) into equity shares of the subsidiary
  • The conversion will be at valuation determined by an independent valuer
  • This represents reclassification of existing exposure without cash outflow

Subsidiary Update

  • Conversion of unsecured inter-company loan aggregating to USD 11,120,997 (equivalent to INR 1,000 million as on Reference Date December 31, 2025) into equity shares of Global Surfaces FZE, Dubai was completed on June 17, 2026
  • The subsidiary structure includes:
  • Global Surfaces FZE (wholly owned subsidiary, 100%)
  • Global Surfaces INC (subsidiary, 99.90%)
  • Superior Surfaces INC (subsidiary, 50%)

Operational Discontinuation

  • The Board approved discontinuation of operations at the Bagru Unit (natural stone processing) effective March 31, 2026
  • Decision based on sustained financial and cash losses, continued capacity under-utilisation, and adverse fixed-cost absorption
  • Company is in process of orderly closure with limited activities continuing until preparation of commercially viable asset disposal plan