Q1 FY27 results: PAT turns positive at Rs 0.64cr, revenue declines 12% YoY
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Global Surfaces posted Q1 FY27 consolidated revenue of Rs 65.42cr vs Rs 74.50cr YoY, a decline of about 12%. Consolidated PAT turned positive at Rs 0.64cr vs a loss of Rs 0.57cr last year. Standalone revenue fell about 21% to Rs 22.13cr but standalone PAT grew 73% to Rs 2.54cr. Board approved CFO change, re-appointment of auditors for 5 years, conversion of about Rs 110cr loan to Dubai subsidiary into equity, and a Rs 2cr SBLC guarantee. Bagru unit operations remain discontinued.
Mixed results - revenue declined YoY but standalone PAT improved sharply. Subsidiary restructuring continues with loan-to-equity conversion.