Audited Annual Standalone and Consolidated Financial Results for the Quarter and Financial Year ended on March 31, 2026.
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Global Surfaces Ltd reported consolidated revenue of Rs 2,332.39 million for FY 2025-26, up 12.3% from Rs 2,076.44 million in the previous year. However, the company swung to a consolidated net loss of Rs 318.39 million compared to a profit of Rs 289 million in FY 2024-25. The loss was driven by significant exposure to the US market facing elevated tariffs and disruptions in Middle East/Red Sea shipping affecting the Dubai subsidiary operations. The Bagru Unit (natural stone processing) has been discontinued effective March 31, 2026 due to sustained losses and underutilization, with a disposal plan in progress. Standalone results show profit of Rs 76.12 million with revenue of Rs 748.36 million. Auditors issued an unmodified opinion with emphasis of matter on the US tariff impact and Bagru unit discontinuation.
The company faced significant headwinds causing a sharp turnaround from profit to loss. The discontinuation of Bagru unit and US tariff pressures are key risks that could continue affecting near-term performance despite positive operating cash flow of Rs 214.72 million.