Global Surfaces Q3 FY26: Consolidated loss narrows, revenue up 25% YoY
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Global Surfaces re-submitted Q3 FY26 results (Dec 31, 2025) in machine-readable format. Consolidated revenue rose 25% YoY to Rs 1,878M for 9M; Q3 revenue grew 29% to Rs 593M. Consolidated net loss narrowed sharply to Rs 33M (Q3) from Rs 104M YoY, and Rs 85M (9M) from Rs 179M. UAE segment led with Rs 457M Q3 revenue. Board approved converting Rs 500M loan to FZE subsidiary into equity. Bagru Unit to shut from March 31, 2026 due to sustained losses. US tariff risk flagged.
Consolidated losses narrow despite tariff headwinds. Subsidiary loan conversion and Bagru closure signal restructuring. Mixed outlook for shareholders.