Global Surfaces
127.53
+2.10(+1.67%)
Market Cap₹540.50 Cr
PE Ratio-20.64
Company Performance:
1D+1.67%
1M+25.31%
6M-5.87%
1Y-27.81%
5Y-25.44%
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More news about Global Surfaces
14Aug 25
Global Surfaces Reports Narrower Q1 Loss Amid Revenue Growth
Global Surfaces Limited reported a consolidated net loss of 5.72 million rupees in Q1, an improvement from 12.62 million rupees loss in the same period last year. Revenue increased by 30.37% to 745.04 million rupees. The company faces challenges due to elevated tariffs on U.S.-bound goods from India but is leveraging its multi-shore manufacturing capabilities, including its facility in Dubai, to mitigate potential effects.
05Aug 25
Global Surfaces Limited Appoints New Auditors for UAE Subsidiary
Global Surfaces Limited's wholly owned subsidiary, Global Surfaces FZE (GSFZE), has appointed M/s. Unity Auditing and Management Consultants as its new statutory auditor for FY 2025-26. The change occurred after the completion of tenure for the previous auditors, M/s. Coast Accounting & Auditing. Unity Auditing is a JAFZA-approved firm with a valid license from the UAE Ministry of Economy. The appointment, approved at the AGM on August 5, 2025, aligns with JAFZA regulations and GSFZE's Articles of Association. This change complies with SEBI regulations and demonstrates Global Surfaces Limited's commitment to maintaining high standards of financial reporting and compliance across its subsidiaries.
30Jun 25
Global Surfaces Unveils Plan to Raise ₹155 Crore Through Equity Share Issuance
Global Surfaces Ltd has announced plans to raise up to ₹155.00 crore by issuing equity shares in multiple tranches. The specific details regarding the number of tranches, timeline, and share pricing are yet to be disclosed. This capital raise could potentially fund expansion projects, reduce debt, support R&D efforts, or strengthen the company's market position in the surfaces industry.
28May 25
Global Surfaces Reports Q4 EBITDA Loss, Revenue Slumps
Global Surfaces Ltd. has released its Q4 financial results, showing a consolidated net loss of ₹105.00 crore, unchanged from the previous year but a significant downturn from the previous quarter. The company's EBITDA turned negative at ₹19.00 crore loss, compared to a ₹162.00 crore gain in the same quarter last year. Revenue declined by 47.25% year-over-year to ₹575.00 crore from ₹1,090.00 crore. The results reflect industry-wide challenges in the surfaces sector.
09Apr 25
Global Surfaces Poised to Capitalize on New US Tariffs with UAE Facility
Global Surfaces Limited (GSL), an Indian manufacturer of engineered quartz surfaces, is poised to gain a competitive edge in the US market due to newly implemented tariffs. GSL's UAE-based facility faces a lower 10% tariff rate compared to higher rates for competitors in Vietnam, China, Malaysia, and Thailand. As the only Indian manufacturer with a UAE production facility, GSL can leverage cost and location benefits, potentially increasing its US market share. The company's advanced technology and strategic positioning are expected to drive growth in response to the changing market dynamics.
Global Surfaces
127.53
+2.10
(+1.67%)
1 Year Returns:-27.81%
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