Saint-Gobain Sekurit India profit rises 5% as revenue gains 13%

Saint-Gobain Sekurit India Limited reported profit of Rs 11.32 crore for the quarter ended September 30, 2026, up 5% from Rs 10.77 crore a year earlier. Revenue from operations increased 13% to Rs 68.48 crore, while total expenses rose 16%, led by materials, employee-benefit and power costs.

How did Saint-Gobain Sekurit India perform in the September quarter?

Saint-Gobain Sekurit India increased revenue, profit before tax and profit year on year in the September 2026 quarter. Revenue from operations rose from Rs 60.39 crore in the quarter ended September 30, 2025, to Rs 68.48 crore, while total income, including other income, increased from Rs 63.13 crore to Rs 71.70 crore.

Profit before tax rose 6% to Rs 15.21 crore from Rs 14.40 crore, and profit for the period increased 5% to Rs 11.32 crore from Rs 10.77 crore. Basic and diluted earnings per share were Rs 1.24, compared with Rs 1.18 in the prior-year quarter; the company said these quarterly figures were not annualised.

Saint-Gobain Sekurit India also reported sequential growth from the quarter ended June 30, 2026. Revenue from operations increased from Rs 60.77 crore to Rs 68.48 crore, profit before tax rose from Rs 12.12 crore to Rs 15.21 crore, and profit for the period grew from Rs 9.34 crore to Rs 11.32 crore.

Why did Saint-Gobain Sekurit India’s profit trail revenue growth?

Saint-Gobain Sekurit India’s profit grew more slowly because total expenses rose 16% year on year, compared with a 14% increase in total income. Expenses increased by Rs 7.76 crore to Rs 56.49 crore in the September 2026 quarter, while total income increased by Rs 8.57 crore to Rs 71.70 crore.

Cost of materials consumed, the largest expense line, rose 19% to Rs 30.55 crore from Rs 25.66 crore. Employee-benefit expense increased to Rs 4.33 crore from Rs 3.59 crore, power and fuel expense rose to Rs 5.56 crore from Rs 4.84 crore, and other expenses increased to Rs 13.28 crore from Rs 12.42 crore.

The change in inventories of finished goods, stock-in-trade and work-in-progress was an expense of Rs 1.72 crore, compared with Rs 1.06 crore a year earlier. In the June 2026 quarter, the same line was a credit of Rs 1.40 crore, contributing to the quarter-on-quarter difference in expenses.

Finance costs fell to Rs 3.75 lakh from Rs 12 lakh in the September 2025 quarter, while depreciation and amortisation declined to Rs 78.28 lakh from Rs 89.53 lakh. These declines partly offset the increase in materials, labour, power and other expenses, but total expenses still outpaced total-income growth.

What do Saint-Gobain Sekurit India’s half-year results show?

Saint-Gobain Sekurit India reported higher first-half revenue but lower profit than in the corresponding prior-year period. Revenue from operations for the half year ended September 30, 2026, rose 12% to Rs 129.25 crore from Rs 115.23 crore, while total income increased to Rs 135.29 crore from Rs 121.41 crore.

Profit before tax declined 4% to Rs 27.33 crore from Rs 28.58 crore, and profit for the half year fell 4% to Rs 20.66 crore from Rs 21.48 crore. Total expenses rose by Rs 15.14 crore to Rs 107.96 crore, exceeding the Rs 13.88 crore increase in total income.

Materials cost rose to Rs 60.04 crore from Rs 49.52 crore, employee-benefit expense increased to Rs 8.25 crore from Rs 7.42 crore, and power and fuel expense grew to Rs 11.08 crore from Rs 9.55 crore. Other income was Rs 6.04 crore, slightly below Rs 6.18 crore in the half year ended September 30, 2025.

Total tax expense declined to Rs 6.67 crore from Rs 7.10 crore, despite current tax rising to Rs 8.92 crore from Rs 6.68 crore. The difference reflected a deferred-tax credit of Rs 2.26 crore in the 2026 half year, compared with deferred-tax expense of Rs 42.26 lakh a year earlier.

What was Saint-Gobain Sekurit India’s financial position and cash flow?

Saint-Gobain Sekurit India had total assets of Rs 288.25 crore at September 30, 2026, compared with Rs 291.48 crore at March 31, 2026. Current investments declined to Rs 190.58 crore from Rs 199.80 crore, while trade receivables increased to Rs 39.61 crore from Rs 34.79 crore.

Total equity stood at Rs 241.26 crore at September 30, compared with Rs 243.20 crore at March 31. Equity share capital was unchanged at Rs 91.11 crore, while other equity declined to Rs 150.15 crore from Rs 152.10 crore; total liabilities fell to Rs 47.00 crore from Rs 48.27 crore.

Net cash generated from operating activities for the half year was Rs 8.52 crore, compared with Rs 9.71 crore in the corresponding 2025 period. Trade receivables absorbed Rs 5.22 crore of cash and trade payables decreased by Rs 4.42 crore, while inventories decreased by Rs 1.51 crore.

Cash and cash equivalents were Rs 96.82 lakh at September 30, 2026, down from Rs 2.71 crore at the start of the half year. Cash used in financing activities was Rs 22.98 crore, including Rs 22.78 crore of dividend payments, compared with Rs 18.31 crore and Rs 18.07 crore respectively in the prior-year half.

What business and reporting scope do Saint-Gobain Sekurit India’s results cover?

Saint-Gobain Sekurit India reports automotive glass as its single reportable business segment under Indian Accounting Standard 108, or Ind AS 108. The company said it had no subsidiary, associate or joint venture during the period under review, so the September 2026 results cover that single business structure.

The results are unaudited, were reviewed by the audit committee and approved by the board on November 2, 2026. Deloitte Haskins & Sells LLP performed a limited review and said nothing had come to its attention indicating that the statement was materially misstated or did not make the required disclosures.

The filing also records a Rs 6.27 lakh statutory impact from the Labour Codes for the year ended March 31, 2026. Saint-Gobain Sekurit India recognised the amount, based on an actuarial valuation, as additional gratuity liability and past-service cost within employee-benefit expense.

Conclusion

Saint-Gobain Sekurit India delivered a 13% increase in September-quarter revenue and a 5% increase in profit, as total expenses rose 16% to Rs 56.49 crore. The half-year comparison showed a different earnings outcome: revenue rose 12% to Rs 129.25 crore, while profit declined 4% to Rs 20.66 crore.

The disclosed unresolved matter is the broader financial impact of the Labour Codes, for which the Ministry of Labour and Employment has issued draft Central Rules and frequently asked questions to facilitate assessment. Saint-Gobain Sekurit India has recognised Rs 6.27 lakh of additional gratuity liability for the year ended March 31, 2026, but disclosed no further quantified impact or timetable.