Sejal Glass Q4 FY26 Consolidated Income Soars 72% YoY to ₹116.85 Cr; PAT Grows Over 200%
Sejal Glass reported a 72% YoY increase in Q4 FY26 consolidated income to ₹116.85 crore and over 200% growth in PAT to ₹11.42 crore. FY26 consolidated income grew 64% to ₹401.36 crore. The company expects FY27 revenue to cross ₹500 crore, with India contributing 40%. EBITDA margins are projected to be maintained between 17.5% and 18%. New product verticals are expected to contribute 5-7% to FY27 revenue.
The substantial year-on-year growth in revenue and profit, coupled with strong future guidance and expansion plans, indicates a significant positive impact on the company's financial performance and market position.
The company reported significant year-on-year growth in revenue and profit for both the quarter and the full year, along with improving margins and positive future outlook. Management expressed optimism about industry tailwinds and strategic growth initiatives.
Sejal Glass Limited announced its financial results for the quarter and year ended March 31, 2026. The company reported a consolidated income of ₹116.85 crore for Q4 FY26, a significant increase of over 72% compared to ₹67.90 crore in the same quarter last year. This growth was attributed to healthy execution, improved traction in value-added products, and contributions from recently integrated facilities.
Consolidated EBITDA for the quarter rose to ₹20.47 crore, with margins improving to 17.5% from 14.5% year-on-year, driven by a better product mix and operating leverage. Profit after tax on a consolidated basis surged by over 200% to ₹11.42 crore, resulting in a net profit margin of 9.8% for the quarter.
For the full fiscal year FY26, total consolidated income reached ₹401.36 crore, marking a growth of approximately 64% from ₹244.95 crore in FY25. Consolidated EBITDA for the year was ₹66.32 crore, up nearly 88% year-on-year, with margins improving to 16.5% from 14.4%. Profit after tax on a consolidated level grew over 160% to ₹29.03 crore, with a net profit margin of 7.2% improving from 4.5% in the previous year. Total comprehensive income for the year grew by 298% to ₹35.94 crore.
The company highlighted a supportive industry demand environment, with steady momentum in the real estate sector, robust commercial leasing, and continued demand from infrastructure investments. The increasing focus on energy efficiency and sustainable construction is also benefiting the business, driving the adoption of insulated and laminated glass solutions.
Looking ahead, Sejal Glass plans to scale its value-added product segments, improve capacity utilization, expand its presence in India and GCC regions, and increase its global footprint through exports. The company also aims to strengthen relationships with developers, architects, and institutional clients, while driving operational efficiency. The management anticipates continued growth and margin expansion in the coming periods.
During the earnings conference call, management discussed the outlook for UAE operations, noting a slight slowdown in real estate but a strong order book. They expect Q1 FY27 revenues from UAE to be around AED 31 million, with potential for further improvement in Q2. The company is also exploring opportunities in the African market. Regarding margins, a potential impact of 1% to 1.5% on EBITDA due to raw material costs was mentioned, but the company aims to transfer incremental costs to customers. For FY27, the target EBITDA margin is expected to be maintained between 17.5% and 18%.
New product verticals like fire safety glass and bulletproof glass are expected to contribute 5-7% to revenue in FY27, potentially increasing to 15-20% in FY28. Capacity utilization at the Silvassa unit is targeted at 75% for tempering, over 50% for IG, and 90-95% for lamination in FY27. Glasstech units are expected to reach over 50% tempering utilization and around 30% for IG and lamination. Glasstech achieved EBITDA breakeven in the last month and is expected to become profitable this year with positive EBITDA margins of at least 10% in Q1 FY27.
The company's debt stands at approximately ₹138 crore, with a significant portion funded by bankers' term loans and the remainder by the promoter group. Future plans include utilizing funds from equity warrants for potential acquisitions and expansion. The company also benefits from a collaboration with Saint Gobain, providing price advantages and market access.
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