Global Surfaces Limited has informed the Exchange regarding a press release dated August 14, 2025, titled "GLOBAL SURFACES LIMITED REPORTS CONSOLIDATED EBITDA OF INR 80 MN FOR QUARTER ENDED 30th JUNE 2025".
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Awaiting price reaction for this filing.
Global Surfaces Limited reported a consolidated EBITDA of INR 80 million for Q1-FY26. The Dubai facility was the standout, with revenues surging 260.7% year-on-year and 63.0% quarter-on-quarter to INR 440 million, while its losses narrowed sharply from INR 68 million in Q1-FY25 to INR 23 million. India operations, however, saw a temporary decline due to uncertainty around US trade policy and slower customer offtake amid tariff concerns. The company has realigned its sales strategy to push domestic demand and leverage the Jaipur facility. Management views Dubai as both a hedge against global trade risks and a future growth engine for MENA and Europe markets.
Mixed quarter for shareholders — strong Dubai ramp-up is encouraging and is starting to offset India weakness, but the consolidated EBITDA of INR 80 Mn remains modest and US tariff uncertainty continues to be a key overhang. Stock may react neutrally until clarity emerges on India demand recovery and consolidated margin trajectory.