Glass Wall Systems (India) Ltd
Glass Wall Systems Q2 FY27 Consolidated Revenue Up 3.3% to Rs. 131 Crores
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 03 Nov 2026, 09:13 PM IST · BSE ID: 7f24479c-08bd-470c-b7ed-d96f4a828143
View Original BSE Filing (PDF)
💡
In Simple Terms
Glass Wall Systems reported higher revenue and profit for the quarter and half-year ending September 2026.
🤖 AI Summary
- Q2 FY27 consolidated revenue from operations increased 3.3% YoY to Rs. 131 Crores.
- EBITDA for Q2 FY27 grew 32.3% YoY to Rs. 38 Crores, with an EBITDA Margin of 28.5%.
- Profit After Tax for Q2 FY27 rose 31.2% YoY to Rs. 29 Crores.
- H1 FY27 consolidated revenue from operations increased 15.8% YoY to Rs. 239 Crores.
- The order book stood at Rs. 957 Crores as of September 30, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
131 Rs. Crs
3.3%
EBITDA (Q2 FY27)
38 Rs. Crs
32.3%
EBITDA Margin (Q2 FY27)
28.5%
627 bps
Profit After Tax (Q2 FY27)
29 Rs. Crs
31.2%
Revenue from Operations (H1 FY27)
239 Rs. Crs
15.8%
EBITDA (H1 FY27)
60 Rs. Crs
22.4%
Profit After Tax (H1 FY27)
46 Rs. Crs
13.2%
Order Book (as of Sep 30, 2026)
957 Rs. Crs
🏢 How This Affects the Company
Domestic Façade business grew by 7% in Q2 FY27 and 33% in H1 FY27, while the International Façade business de-grew by 16% in Q2 FY27 and 14% in H1 FY27. The Fenestration business expanded by 69% in Q2 FY27 and 82% in H1 FY27.
The expansion in EBITDA margins was driven by escalation claims on receivables in Q2 FY27 and H1 FY27. Adjusted for export freight costs, EBITDA margins were 30.6% for Q2 FY27 and 26.9% for H1 FY27.
The in-house Glass Processing Unit at Vile Bhagad is expected to be commissioned by August 2027, aiming to improve EBITDA margins by 100-150 basis points and reduce dependence on external suppliers.
Management noted that the International business's project-driven nature leads to variations in execution and revenue recognition, suggesting evaluation on a full-year basis.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, with H1 FY27 EPS reported at 5.40 compared to 4.79 in H1 FY26.
🔍
Management Signal
Management indicates a focus on disciplined project execution, strengthening operating capabilities, and pursuing growth opportunities while maintaining profitability, aiming for significant FY27 revenue growth.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 results — monitor international business performance trends.
Commissioning of Glass Processing Unit by August 2027 — verify timeline and impact.
FY27 full-year revenue growth and EBITDA margins — track against guidance.
LOW RISK
No new significant risks identified; international business volatility noted by management.
💡 Investor Takeaway
Glass Wall Systems reported Q2 FY27 consolidated revenue of Rs. 131 Crores, a 3.3% YoY increase, and Profit After Tax of Rs. 29 Crores, up 31.2% YoY. H1 FY27 revenue grew 15.8% to Rs. 239 Crores. The company’s order book stands at Rs. 957 Crores as of September 30, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Q2 FY27 EBITDA grew 32.3% YoY to Rs. 38 Crores, with EBITDA Margin improving by 627 bps to 28.5%.
- H1 FY27 Domestic Façade business grew 33% YoY to Rs. 140 Crores, demonstrating strong sectoral demand.
⚠️ Concerns
- International Façade business de-grew by 16% YoY to Rs. 37 Crores in Q2 FY27.
- International Façade business de-grew by 14% YoY to Rs. 76 Crores in H1 FY27.
📅 Company Track Record
Previous filings on November 3, 2026, also reported Q2 FY27 consolidated revenue of Rs. 1,314.54 million and profit of Rs. 28.607 million, consistent with this press release's figures when units are converted (131 Cr = 1,310 million; 29 Cr = 290 million; press release rounds slightly).
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Glass Wall Systems' consolidated revenue in Q2 FY27?
Glass Wall Systems reported consolidated revenue from operations of Rs. 131 Crores in Q2 FY27, representing a 3.3% year-on-year growth.
What was the Profit After Tax for Glass Wall Systems in Q2 FY27?
The Profit After Tax for Glass Wall Systems in Q2 FY27 was Rs. 29 Crores, an increase of 31.2% compared to the prior year.
How did Glass Wall Systems' H1 FY27 revenue perform?
For H1 FY27, Glass Wall Systems' consolidated revenue from operations grew by 15.8% year-on-year to Rs. 239 Crores.
What is Glass Wall Systems' order book size as of September 30, 2026?
As of September 30, 2026, Glass Wall Systems' order book stood at Rs. 957 Crores.
What drove the improvement in Glass Wall Systems' EBITDA margins in H1 FY27?
The expansion in H1 FY27 EBITDA margins was primarily driven by escalation claims on receivables, which led to a significant uptick in margins as associated expenses had already been incurred.
Questions based on this BSE filing only. For information purposes.