Glass Wall Systems (India) Limited — Q2FY27 earnings call summary

Filed 13 October 2026 · Official transcript

Order cycle 18-24 months; export projects shorter (~12 months); capacity fungible across verticals
Q1 FY27 revenue 107 Cr +36% y-y; EBITDA 23 Cr +9% y-y; EBITDA margin 21.3%
FY27 revenue growth guidance ~25%; EBITDA margin 23-25%; PAT margin 18-20%
Glass processing unit commissioning expected in 8 months; margin improvement ~1-1.5%
Order book 982 Cr as of July 31, ~2x last year revenue, visibility 18-24 months
Domestic market share ~6-7%; second largest domestic player; diversified business model
Export business shifted to DDP freight model; freight cost fully passed through to clients
Export and fenestration verticals introduced post-COVID; higher margin and faster realization