SG

Sejal Glass Ltd

Q2 FY26Industrial Products

Sejal Glass Q2 FY26: Revenue ₹400 Cr

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹664
Market cap₹816 Cr
P/E25.9
Updated23 Aug 2026
Read4 min read

The short version

Targeting Rs.400+ crores revenue for FY26, already at Rs.182.81 crores in H1 FY26, indicating on-track growth. Sejal Glass aims to improve EBITDA margins from 16.62% (H1 FY26) to over 18% by year-end FY26 on a consolidated basis.

From Sejal Glass Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Targeting Rs.400+ crores revenue for FY26, already at Rs.182.81 crores in H1 FY26, indicating on-track growth.
  • Expansion plans through acquisition of Glasstech units (Taloja and Erode) aiming to grow their turnover from Rs.36 crores yearly run-rate to Rs.200 crores.
  • UAE plant capacity utilization is high (~90%), with Brownfield CAPEX underway to increase tempering capacity enabling revenue potential beyond Rs.400 crores.
  • Focus on increasing presence in new domestic markets like Nasik, Nagpur, Bangalore, Ahmedabad, Surat, and tier-2/3 cities.
  • Partnership with Saint Gobain expected to boost market reach, technical capabilities, and easier access to large orders, with a target to utilize existing and new capacities fully.
  • Expansion into high value-added product segments like bulletproof and fire-rated glass expected to open new revenue streams.

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Profitability & Margins

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Capital Expenditure Plans

  • Brownfield CAPEX planned in UAE, including adding one more tempering line expected to start in Q1 and implemented by Q4, enhancing tempering capacity and potentially increasing overall UAE revenue beyond Rs.400 crores.
  • Re-engineering planned at Taloja plant with machinery investments.
  • Little bit of investment planned at Erode unit, including adding a couple of machines.
  • Investment planned in the newly started facade division in UAE due to good order book.
  • Capital raise of up to Rs.94.35 crores through preferential issue for expansion plans, technology upgrades, and working capital support in India and overseas.

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
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3
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4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • The current order book in the UAE is more than AED 60 million (Page 12).
  • The company has not quantified the expected order pipeline size from the recent partnership with Saint Gobain but aims to fulfill full capacity with synergy from this relationship (Page 16).
  • The two recently acquired plants have a combined annual capacity target of around Rs. 300 crore turnover (Rs. 200 crore from the two plants and Rs. 100 crore from Silvassa plant) (Page 16).
  • The UAE plant is operating near peak utilization, with plans for Brownfield CAPEX to add tempering capacity to increase revenue potential beyond Rs. 400 crore (Page 12).

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Sejal Glass Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹115 Cr, net profit ₹11 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Others in Industrial Products this season

  • Lead Reclaim and Rubber Products Ltd (Q2 FY26)

    Revenue from Operations for H1 FY26: ₹2,190 lakhs, up 138.04% YoY (from ₹920 lakhs in H1 FY25) (Page 19) . Key investor presentation takeaways from Lead Reclaim

  • Shubhshree Biofuels Energy Ltd (Q2 FY26)

    Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —

  • Tembo Global Industries Ltd (Q2 FY26)

    Q2 FY26 Revenue: INR 245.4 crores, a 49.8% year-on-year (YoY) increase from INR 163.8 crores in Q2 FY25 (Page 6). Key investor presentation takeaways from Tembo

  • United Heat Transfer Ltd (Q2 FY26)

    Year-on-year revenue decline: INR 69.7 Mn (~24.5% decrease) . Key investor presentation takeaways from United Heat Transfer Ltd's Q2 FY26 investor presentation

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Frequently Asked Questions

What were Sejal Glass Ltd Q2 FY26 results?

Targeting Rs.400+ crores revenue for FY26, already at Rs.182.81 crores in H1 FY26, indicating on-track growth. Sejal Glass aims to improve EBITDA margins from 16.62% (H1 FY26) to over 18% by year-end FY26 on a consolidated basis.

What is Sejal Glass Ltd share price analysis?

Sejal Glass Ltd currently shows a neutral. The stock trades at a P/E of 25.9 with a market cap of ₹816 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sejal Glass Ltd planning capital expenditure?

Brownfield CAPEX planned in UAE, including adding one more tempering line expected to start in Q1 and implemented by Q4, enhancing tempering capacity and potentially increasing overall UAE revenue beyond Rs.400 crores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.