Summary

Global Surfaces Ltd. announces its results for the quarter first of financial year 2025-26. The company saw a decline in India operations due to uncertainty around US trade policy and slower offtake by customers. However, the Dubai facility contributed significantly to the consolidated results, showing early signs of operational stability. The company has realigned its sales strategy to address these challenges.

Key Highlights

1. 1

   Dubai facility contributes significantly to consolidated results

2. 2

   Revenues in Dubai operations grow by 260.7% YoY and 63.0% QoQ

3. 3

   Losses in Dubai operations decline from INR 68 million in Q1-FY25 and INR 51 million in FY25 to INR 23 Mn in Q1-FY26

4. 4

   Dubai facility to act as a hedge against global trade risks and growth engine for demand from MENA, Europe, and other tariff-sensitive markets

5. 5

   India operations see a temporary decline due to uncertainty around US trade policy and slower offtake by customers

6. 6

   Company realigns sales strategy with a stronger push toward domestic market development and leveraging the strength of the Jaipur facility