Sejal Glass Limited (NSE:SEJALLTD) filed the transcript of its Q1 FY27 earnings call, held on August 4, 2026, with exchanges on August 11, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The call disclosed consolidated revenue of Rs 117.95 crore for the quarter ended June 30, 2026, representing year-on-year growth of 52.88%.
Key Highlights
- Consolidated revenue for Q1 FY27 stood at Rs 117.95 crore, up 52.88% year-on-year, with India operations contributing Rs 36.43 crore and UAE operations contributing Rs 81.52 crore.
- Consolidated EBITDA rose over 44% year-on-year to Rs 18 crore, while consolidated profit after tax grew more than 63% year-on-year to Rs 7.22 crore.
- The UAE order book expanded from approximately AED 50 million to around AED 72 million, with project execution having commenced from June and July 2026.
- Management guided for a minimum FY27 revenue growth of 25%, with an upper range of approximately 40%, alongside a PAT margin target of 9% to 10% for the full year.
About the Company
Sejal Glass Limited (NSE:SEJALLTD) is an integrated architectural glass manufacturer headquartered in Mumbai, India, with manufacturing plants at Silvassa, Taloja, and Erode in India, and an additional facility in the UAE. The company produces value-added architectural glass products, including tempered, insulated, laminated, and digitally printed glass, serving residential, commercial, and infrastructure customers across domestic and international markets.
Announcement in Detail
The earnings call was moderated by Parth Acharya of Kirin Advisors Private Limited and featured Amrut Gada, Promoter, and Chandresh Rambhia, CFO. Management reported that India revenues grew 67.03% year-on-year to Rs 36.43 crore, while UAE revenues rose 47.31% year-on-year to Rs 81.52 crore. The India order book at quarter-end stood at over Rs 50 crore, with orders secured from developers including Godrej, L&T, Prestige, and Raheja, with execution planned over the next six months.
On plant-level capacity utilisation as of Q1 FY27, the CFO disclosed that Silvassa was operating at approximately 77%, Taloja at 55%, Erode at 15%, and the UAE facility at 71% on tempering capacity. Management indicated that Silvassa is targeted to reach 85% to 90% utilisation by year-end, Taloja at 75%, Erode at 25% to 30%, and the UAE plant at 85%, supported by the addition of a third tempering line in the UAE.
Impact on Investors
Investors will note that the Q1 FY27 PAT margin of approximately 6.5% remains below management's stated full-year target of 9% to 10%. The filing shows management attributing the current margin gap to underutilised fixed costs at the Taloja and Erode plants, which were acquired in a strategic transaction completed last year. Shareholders will observe that margin improvement is expected by management to be more pronounced in Q3 and Q4 FY27, as operating leverage builds with higher capacity utilisation.
The disclosed terms indicate that revenue guidance carries a degree of conditionality, with the higher end of approximately 40% growth linked to geopolitical stabilisation affecting UAE operations and continued order inflows in India. The filing shows consolidated PAT for Q1 FY27 at Rs 7.22 crore, providing a factual baseline against which subsequent quarters can be assessed.
Sector / Market Context
India's construction and real estate sector has seen sustained demand for specialised glass products, supported by growth in premium residential and commercial projects. The Bureau of Energy Efficiency's push for energy-efficient building envelopes has increased adoption of insulated and laminated glass in new developments. Architectural glass, as a specification-driven segment, is closely correlated with activity levels across both domestic real estate and Gulf Cooperation Council infrastructure programmes, both of which remain active commissioning markets according to publicly reported industry data.