Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Global Surfaces
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 40 | 36 | 40 | 40 | 109 | 57 | 47 | 46 | 57 | 74 | 54 | 59 | 45 |
| Expenses + | 32 | 31 | 33 | 33 | 92 | 50 | 45 | 51 | 59 | 67 | 58 | 56 | 64 |
| Operating Profit | 8 | 5 | 7 | 7 | 16 | 7 | 2 | -5 | -2 | 8 | -4 | 3 | -19 |
| OPM % | 20% | 14% | 17% | 17% | 15% | 13% | 4% | -12% | -3% | 11% | -7% | 5% | -42% |
| Other Income + | 1 | 1 | 2 | 1 | -0 | 1 | 1 | 5 | 0 | 0 | 9 | 2 | 10 |
| Interest | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 4 | 5 | 4 | 4 | 4 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 4 | 5 | 5 | 5 | 5 | 4 | 5 | 5 | 5 |
| Profit before tax | 6 | 4 | 6 | 4 | 11 | 0 | -5 | -9 | -11 | 0 | -3 | -3 | -17 |
| Tax % | 3% | 41% | 40% | 24% | 6% | 604% | 24% | 19% | -4% | 627% | 64% | 15% | 34% |
| Net Profit + | 6 | 2 | 3 | 3 | 11 | -1 | -6 | -10 | -11 | -1 | -5 | -3 | -23 |
| EPS in Rs | 1.36 | 0.51 | 0.64 | 0.77 | 2.48 | -0.29 | -1.51 | -2.45 | -2.48 | -0.10 | -1.10 | -0.71 | -5.27 |
Financials of Global Surfaces
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 163 | 176 | 190 | 178 | 225 | 208 | 233 |
| Expenses + | 123 | 128 | 148 | 143 | 190 | 206 | 245 |
| Operating Profit | 41 | 48 | 42 | 36 | 35 | 2 | -11 |
| OPM % | 25% | 27% | 22% | 20% | 16% | 1% | -5% |
| Other Income + | 2 | 3 | 8 | 3 | 4 | 7 | 22 |
| Interest | 5 | 3 | 3 | 4 | 4 | 15 | 15 |
| Depreciation | 17 | 13 | 11 | 9 | 9 | 19 | 18 |
| Profit before tax | 21 | 35 | 36 | 25 | 25 | -25 | -23 |
| Tax % | -1% | 2% | 1% | 4% | 22% | 16% | 38% |
| Net Profit + | 21 | 34 | 36 | 24 | 20 | -29 | -32 |
| EPS in Rs | 32.50 | 52.61 | 10.52 | 5.72 | 4.41 | -6.73 | -7.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Global Surfaces
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 34 | 42 | 42 | 42 | 42 |
| Reserves | 58 | 92 | 100 | 219 | 288 | 260 | 254 |
| Borrowings + | 54 | 38 | 79 | 166 | 145 | 199 | 212 |
| Other Liabilities + | 11 | 22 | 23 | 35 | 47 | 56 | 65 |
| Total Liabilities | 129 | 159 | 236 | 462 | 522 | 558 | 573 |
| Fixed Assets + | 60 | 54 | 88 | 89 | 294 | 286 | 289 |
| CWIP | 0 | 1 | 7 | 124 | 0 | 0 | 0 |
| Investments | 0 | 0 | 11 | 6 | 0 | 0 | 0 |
| Other Assets + | 69 | 104 | 131 | 244 | 227 | 271 | 283 |
| Total Assets | 129 | 159 | 236 | 462 | 522 | 558 | 573 |
Financials of Global Surfaces
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 54 | 32 | 28 | 27 | -37 | -31 | 27 |
| Cash from Investing Activity + | -11 | -8 | -28 | -205 | 9 | -6 | -10 |
| Cash from Financing Activity + | -46 | -19 | -3 | 183 | 24 | 37 | -16 |
| Net Cash Flow | -3 | 5 | -3 | 4 | -4 | 0 | 1 |
| Free Cash Flow | 44 | 24 | 18 | -87 | -141 | -35 | 19 |
| CFO/OP | 142% | 76% | 87% | 97% | -91% | -1,393% | -248% |
Financials of Global Surfaces
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 83 | 75 | 90 | 178 | 224 | |
| Inventory Days | 126 | 170 | 198 | 190 | 236 | 342 | |
| Days Payable | 42 | 81 | 79 | 70 | 119 | 166 | |
| Cash Conversion Cycle | 147 | 172 | 193 | 210 | 295 | 400 | |
| Working Capital Days | 106 | 123 | 103 | -80 | 169 | 144 | |
| ROCE % | 30% | 21% | 9% | 7% | -2% |
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