Global Surfaces Q2 Net Loss at INR 54 Million

Revenue from Operations: INR 599 million, up 10.7% YoY but down 8.4% QoQ
EBITDA: INR 13 million (2.17% margin), compared to INR (36) million loss in Q2-FY26
PAT: Loss of INR 54 million ((9.02)% margin), compared to loss of INR 46 million in Q2-FY26
Other Income: INR 15 million, down 83.7% YoY from INR 92 million
Finance Costs: INR 35 million, down 5.4% YoY
Diluted EPS: INR (1.25) per share

Revenue from Operations: INR 1,253 million, down 2.6% YoY
EBITDA: INR 96 million (7.66% margin), significantly improved from INR 44 million in H1-FY26
PAT: Loss of INR 53 million ((4.23)% margin), slightly improved from loss of INR 51 million in H1-FY26
Diluted EPS: INR (1.21) per share

| FY24 | 2,253 | 350 | 198 |

| FY25 | 2,076 | 20 | (289) |

| FY26 | 2,332 | (113) | (318) |

| H1-FY27 | 1,253 | 96 | (53) |

The company faced significant input cost pressures with raw material prices increasing by 25-50% and imported freight costs rising nearly fivefold
Other income declined due to reduced unrealized forex gains, which decreased to INR 21.72 million from INR 81.04 million in the comparable period
The Board approved discontinuation of operations at the Natural Stone Unit in Bagru, Jaipur, effective March 31, 2026
The company maintained operational resilience through sourcing optimization and disciplined cost-control measures

Board approved conversion of additional ₹110.44 crore of unsecured loans into equity for Global Surfaces FZE (Dubai subsidiary)
The amount has been reclassified as advance towards equity subscription pending regulatory formalities

Strengthened domestic market presence through expanded marketing team
Commenced domestic dispatches from October 2026
Pursuing further market diversification in the UAE leveraging existing manufacturing capabilities

Total engineered stones capacity: 11,44,540 SMT per annum
Unit 1 (SEZ, Jaipur): 5,21,454 sq. mtrs. p.a. capacity across 24,139 sq. mt. area
Unit 2 (Dubai, UAE): 6,22,895 sq. mtrs. p.a. capacity across 39,657.63 sq. mt. leased area

Wholly owned subsidiary incorporated in 2021 in Jebel Ali Free Zone
Entered License Agreement on July 10, 2024 with SQIP, LLC (Florida) and Veegoo Technology Co. Ltd. (China)
Granted exclusive rights to use patented technologies for engineered quartz production in MENA region and FROR in India
Benefits from tax exemptions and export duty waivers as Free Trade Zone entity

Wholly owned subsidiary incorporated April 20, 2020 in Delaware, USA
Engaged in distribution of quartz, marble, granite, and other stones in US market

Engineered quartz products categorized into five series: Aurora, Kalmasa, Prismatic, Stratum and Quartzite
Marquartz premium product utilizing exclusive patented Non-Push-Up Vein Technology and Push-Up Vein Technology
Natural stones product portfolio (discontinued) included Granite, Marble and Quartzite

Installed solar panels generating approximately 6 GWh of solar power for captive use
Implemented advanced water treatment system recycling 80% of water (4,000 liters per minute)
Facilities designed to collect and reuse rainwater
Focus on recycling materials and reducing waste during production