Glass Wall Systems (India) Limited has announced its consolidated financial results for the quarter and half-year ended September 30, 2026. For H1 FY27, the company reported a 16% year-on-year increase in revenue, reaching ₹239 crores, and a 22% rise in EBITDA to ₹60 crores, achieving an EBITDA margin of 25.3%. The company also highlighted a strong order book of ₹957 crores as of September 30, 2026, providing healthy future revenue visibility.
Glass Wall Systems Reports Strong H1 FY27 Performance
Glass Wall Systems (India) Limited, a prominent façade manufacturer, has announced its consolidated financial results for the quarter and half-year ended September 30, 2026. The company demonstrated robust growth, with revenue from operations increasing by 16% year-on-year to ₹239 crores in H1 FY27. Concurrently, EBITDA saw a significant rise of 22% year-on-year, reaching ₹60 crores, resulting in an improved EBITDA margin of 25.3%.
Key Financial Highlights
The financial performance for the period showcases the company’s strengthening profitability and operational efficiency. The detailed consolidated financial highlights indicate the following:
Consolidated Financial Performance Highlights
The table below summarizes the key financial metrics:
| Particulars (Rs. Crs) | Q2FY27 | Q2FY26 | YoY% | H1FY27 | H1FY26 | YoY% |
| Revenue from Operations | 131 | 127 | 3.3% | 239 | 206 | 15.8% |
| EBITDA | 38 | 28 | 32.3% | 60 | 49 | 22.4% |
| EBITDA Margin | 28.5% | 22.3% | 627 bps | 25.3% | 23.9% | 138 bps |
| Profit After Tax | 29 | 22 | 31.2% | 46 | 41 | 13.2% |
| Profit After Tax Margin | 21.8% | 17.1% | 463 bps | 19.2% | 19.6% | -43 bps |
| EPS | 3.35 | 2.58 | 5.40 | 4.79 |
Segment Performance
The company provided insights into its segment performance for Q2 FY27 and H1 FY27:
Q2FY27 Performance:
- Domestic Façade business grew by 7% year-on-year to ₹78 crores.
- International Façade business saw a de-growth of 16% year-on-year to ₹37 crores.
- Fenestration business experienced robust growth of 69% year-on-year to ₹16 crores.
- EBITDA margins expanded due to escalation claims on receivables.
- Adjusting for ₹9 crores of export freight costs, EBITDA margins were 30.6%.
H1FY27 Performance:
- Domestic Façade business grew by 33% year-on-year to ₹140 crores.
- International Façade business de-grew by 14% year-on-year to ₹76 crores.
- Fenestration business showed strong growth of 82% year-on-year to ₹22 crores.
- EBITDA margins expanded due to escalation claims on receivables.
- Adjusting for ₹14 crores of export freight costs, EBITDA margins were 26.9%.
Management Commentary
Commenting on the results, Mr. Eshan Hemrajani, Managing Director & Chief Executive Officer, stated, “We are pleased to report that H1FY27 has been encouraging, reflecting our ability to sustain growth while strengthening profitability. Revenue from operations grew by 16% year-on-year to ₹239 crores, while EBITDA increased by 22% to ₹60 crores, with EBITDA margins improving to 25.3%.” He further highlighted the strong performance of the Domestic and Fenestration businesses, while noting the project-driven nature of the International business.
Order Book and Future Outlook
The company’s order book stood at a healthy ₹957 crores as of September 30, 2026, providing significant revenue visibility for the future. Glass Wall Systems (India) Limited remains focused on opportunities across domestic façade projects, international façade product supply, and the premium fenestration segment. The planned commissioning of the in-house Glass Processing Unit by August 2027 is expected to further enhance EBITDA margins and supply-chain control.
For FY27, the company anticipates significant revenue growth over FY26, with EBITDA margins expected to remain broadly in line with the previous financial year. Key priorities include disciplined project execution, strengthening operating capabilities, and pursuing growth opportunities while maintaining profitability.
Source: BSE
