GWGlass Wall Systems (India)544913Quarterly results

Glass Wall Systems Q2 & H1 FY27: Q2 revenue up 3.3%, PAT up 31.2%, order book at Rs. 957 crore

Q2 FY27 revenue up 3.3% to Rs. 131.5 crore, EBITDA up 32.3% and PAT up 31.2%, helped by escalation claims on receivables.

By ScoutQuest · Tue 3 Nov 2026, 9:18 PM IST · 1 min read

Q2 FY27 Revenue from Operations

Rs. 131.5 crore, up 3.3% year on year

Q2 FY27 EBITDA and PAT

EBITDA Rs. 37.5 crore (up 32.3%); PAT Rs. 28.6 crore (up 31.2%); EBITDA margin 28.5% vs 22.3%

Order Book

Rs. 957 crore as of 30 September 2026

Period

Q2 & H1 FY27

Positioning

A comprehensive facade and ultra-luxury fenestration solution provider for domestic and global markets, which calls itself India's largest facade exporter; FY26 mix was 49% domestic facades, 45% international facades and 6% fenestration.

🏭 Q2 FY27 revenue from operations rose 3.3% year on year to Rs. 131.5 crore, EBITDA rose 32.3% to Rs. 37.5 crore and profit after tax rose 31.2% to Rs. 28.6 crore, with EBITDA margin at 28.5% versus 22.3%. The presentation attributes the margin expansion mainly to escalation claims on receivables, with associated expenses already incurred, and notes that adjusting Rs. 9 crore of export freight, EBITDA margin would have been 30.6%.

🌍 H1 FY27 revenue grew 15.8% to Rs. 238.9 crore, EBITDA 22.4% to Rs. 60.5 crore and PAT 13.2% to Rs. 45.9 crore, while PAT margin eased to 19.2% from 19.6%. By segment, the company reports domestic facade revenue up 33% to Rs. 140 crore, international facade revenue down 14% to Rs. 76 crore and fenestration revenue up 82% to Rs. 22 crore.

📉 FY26 revenue was Rs. 457.0 crore against Rs. 278.3 crore in FY25, with EBITDA of Rs. 105.2 crore and PAT of Rs. 83.8 crore; EBITDA margin fell to 23.0% from 26.2% and PAT margin to 18.3% from 20.7%. FY24 profit was struck after an exceptional item of Rs. 16.2 crore.

📋 Management states it is confident of significant revenue growth in FY27 over FY26 with EBITDA margins broadly in line with the prior year, and expects the in-house Glass Processing Unit at Vile Bhagad, commissioning expected by August 2027, to improve EBITDA margins by ~100-150 basis points over time. The order book stood at Rs. 957 crore as of 30 September 2026.

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