Sejal Glass Q3 FY26 Concall: Transcript Released, Focus on Growth & New Products
Sejal Glass reported consolidated income of ₹284.51 crore and EBITDA of ₹46.60 crore for nine months ended Dec 2025. The company raised ₹72.15 crore via equity and ₹22.20 crore via warrants. It expects ₹400 crore revenue this fiscal and 25% growth next year. Margins are targeted at 18% EBITDA.
The announcement includes details on financial performance, capital raising, and future growth prospects, which are material information for investors. The release of the earnings call transcript also provides further clarity on the company's operations and strategy.
The company is experiencing positive industry tailwinds, has achieved significant financial performance in the nine months, raised capital, and has clear growth strategies and targets for the upcoming fiscal year, indicating a positive outlook.
Sejal Glass Limited has released the transcript of its Earnings Conference Call held on February 18, 2026. The call discussed the operational and financial performance for the quarter and nine months ended December 31, 2025. The company highlighted its business in manufacturing high-quality architectural glass solutions, catering to various end-user industries with state-of-the-art facilities in India and the UAE.
During the nine months ended December 2025, Sejal Glass reported a consolidated income of ₹284.51 crore with an EBITDA of ₹46.60 crore, resulting in an EBITDA margin of 16.38%. The company also reported an operational PAT of ₹17.61 crore. In Q3 FY26, the company allotted 13 lakh equity shares via preferential issue aggregating ₹72.15 crore and 4 lakh warrants convertible into equity shares aggregating ₹22.20 crore to promoters and promoter groups.
The company sees a supportive industry environment, with healthy real estate sales in India and resilience in commercial real estate leasing, particularly in office spaces and data centers. Infrastructure activity remains robust, and there is a clear shift towards energy efficiency and sustainable construction. The GCC region also continues to support demand for architectural glass.
Looking ahead, Sejal Glass aims to improve utilization levels, expand its presence in key metros and the GCC region, strengthen relationships with architects and developers, and enhance its value-added product mix. The company is also investing in technology, process optimizations, and operational discipline.
During the Q&A session, the management discussed the revenue potential and entry barriers for niche products like fire-rated, bulletproof, and digitally printed glass, with production for fire-rated products expected to start in Q1 FY27 and bulletproof glass nearing market entry. The company also addressed its competitive advantages, including product quality, service, technology from Europe, skilled workforce, and geographical presence. The CFO explained that increased depreciation is due to the capitalization of the facade facility in Sejal UAE and the Glasstech acquisition.
The company expects to touch ₹400 crore in consolidated revenue for the current year and anticipates a minimum 25% growth next year, potentially exceeding this with a new acquisition. The debt-equity ratio has improved significantly to less than 0.5% following a ₹77 crore fund infusion. Margins are expected to improve further, with a target of 18% EBITDA for the next year. The UAE business is operating at 90% utilization for IG products, with plans to add a tempering line in Q1 FY27. The company is also seeing growth in Vande Bharat railway supplies.
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Sejal Glass Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Sejal Glass Limited. Read the original for the full detail.