Global Surfaces FY26 Revenue Up 12.3%, EBITDA Turns Negative

Global Surfaces Ltd has released its Annual Report for FY 2025-26, detailing a 12.3% increase in revenue compared to the previous year. However, the company experienced a negative EBITDA of INR (113) million, with a harsh margin of (41.85)% in the fourth quarter, attributed to tariff uncertainty and regional conflict. Despite these challenges, the company highlighted resilience through a reduction in long-term debt by 9.6%, a significant drop in working capital days from 157 to 71, and a decrease in inventories by 7.8% and receivables by 24.5%. The net worth remained stable at INR 2,709 million. The report also includes the notice for the 35th Annual General Meeting (AGM).