Sejal Glass Q2 FY27 Profit Rises 77.6% to ₹14.42 Crore

Q2 FY27 results at a glance

Sejal Glass Limited reported consolidated revenue from operations of ₹138.09 crore for the quarter ended September 30, 2026. The figure represented year-on-year growth of 32.8% from ₹103.99 crore in Q2 FY26, according to the company’s investor presentation. Consolidated total income stood at ₹139.86 crore during the quarter. Net profit was reported at ₹14.42 crore in the investor presentation, compared with ₹8.12 crore a year earlier. This translates into year-on-year profit growth of 77.61% on the stated figures. The company’s financial-results disclosure put consolidated profit after tax at ₹14.41 crore, a rounding difference from the presentation figure. The supplied quarterly update also referred to a ₹14.28 crore profit figure, but the investor presentation and financial-results disclosure provide the more detailed reported numbers. The results cover the second quarter of financial year 2026-27.

Revenue increased from the year-earlier quarter

Revenue from operations rose to ₹138.09 crore from ₹103.99 crore in Q2 FY26. This increase of ₹34.10 crore was the main driver of the stronger quarterly financial performance. Consolidated total income of ₹139.86 crore was also above the ₹105.04 crore cited for the corresponding previous-year quarter. The company’s disclosed figures therefore show year-on-year expansion rather than a decline in revenue. Some material in the supplied data described revenue as down 32.8% year-on-year, but that conflicts with the stated Q2 FY26 revenue base and the company presentation. Based on the reported numbers, revenue growth was 32.8% year-on-year. Investors should rely on the company’s filed financial results and presentation for the applicable definitions of revenue and total income. The figures are consolidated and include the performance of the group’s operations.

Profit and EBITDA recorded faster growth

Sejal Glass reported EBITDA of ₹25.66 crore in Q2 FY27, up 43.44% from ₹17.89 crore in Q2 FY26. EBITDA grew faster than revenue on a year-on-year basis. The reported EBITDA margin was 18.35% for the quarter. This compares with 17.03% in the year-earlier period, based on the investor presentation. Net profit of ₹14.42 crore increased by ₹6.30 crore from ₹8.12 crore in Q2 FY26. The company reported a net profit margin of 10.31%, calculated in relation to total income. The result indicates an improvement in reported profit despite the differing revenue and margin descriptions contained in the supplied summaries.

Half-year numbers also showed growth

For the first half of FY27, Sejal Glass reported consolidated total income of ₹259.29 crore. This was 41.84% higher than ₹182.81 crore reported for H1 FY26. H1 FY27 EBITDA stood at ₹43.68 crore, compared with ₹30.38 crore a year earlier. That represents EBITDA growth of 43.79% for the six-month period. Consolidated net profit for H1 FY27 was ₹21.63 crore. The corresponding H1 FY26 profit was ₹12.53 crore. The stated year-on-year increase in half-year profit was 72.60%. These half-year figures provide the broader context for the Q2 performance.

Key financial figures

Capacity and operating update

The investor presentation cited installed capacity of 61.94 lakh square metres per annum across four plants in India and the UAE. Capacity utilisation was stated at 54%. The presentation also referred to India capacity after Glasstech of 34.24 lakh square metres per annum, described as 3.2 times the earlier level. It noted that India standalone margin was 13.1%, compared with 17.3%, amid low Glasstech utilisation. These operating details are relevant because additional capacity can affect utilisation, costs and margins during a ramp-up period. The company also reported an order book of about AED 78 million as of August 2026. The presentation equated this order book to roughly ₹200 crore. The disclosures did not provide a quarter-wise schedule for executing this order book.

Management’s stated FY27 outlook

Sejal Glass’s investor presentation indicated FY27 revenue growth of at least 25%. It added that growth could reach up to 40% if UAE conditions improve. The presentation targeted India revenue of around ₹200 crore for FY27. It also indicated an expected India-UAE revenue mix of 60:40, moving towards 50:50. These are management outlook statements rather than reported financial results. The company also said it was evaluating a further Indian acquisition. Automotive replacement glass and appliance glass were identified as areas being explored. No transaction, timeline or financial terms were disclosed in the supplied material.

Earnings call recording made available

Sejal Glass held its Q2 and H1 FY27 earnings call on October 19, 2026, at 3:30 PM IST. The call was organised by Kirin Advisors. Promoter Amrut Gada and Chief Financial Officer Chandresh Rambhia were listed as management speakers. The company subsequently informed exchanges that the audio recording was available on its website. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Sejal Glass stated that no unpublished price sensitive information was disclosed or shared during the call. The availability of the recording gives shareholders access to the discussion around the quarterly and half-year performance. The company had announced the call on October 14, 2026, ahead of the event.

What the results mean for investors

The reported Q2 figures show that Sejal Glass delivered higher consolidated revenue, EBITDA and profit than in the corresponding quarter last year. Net profit growth exceeded revenue growth, while EBITDA also increased at a faster rate than sales. The reported EBITDA margin of 18.35% was above the 17.03% cited for Q2 FY26. At the same time, the presentation’s reference to lower India standalone margin highlights the importance of capacity utilisation in the domestic business. The UAE business, order book and planned revenue mix remain relevant operating factors in the company’s FY27 outlook. No share-price movement or valuation data was provided in the supplied information, so the market reaction cannot be assessed from these disclosures. Investors can review the investor presentation, quarterly financial results and earnings-call audio for further detail. The next company updates will determine how reported performance tracks the stated FY27 operating outlook.

Conclusion

Sejal Glass reported Q2 FY27 consolidated revenue from operations of ₹138.09 crore and net profit of ₹14.42 crore. The company also posted EBITDA of ₹25.66 crore and made the October 19 earnings-call recording available to investors. Its disclosures point to capacity ramp-up, an UAE presence and an FY27 growth outlook as key areas for subsequent updates. Further financial disclosures will provide the next formal measure of progress against these stated targets.