Global Surfaces Limited · NSE:GSLSU
Global Surfaces — Q2 FY26 Earnings Presentation
29 slides from Global Surfaces's earnings presentation, Nov 17, 2025
Slide 1: Exchange filing cover letter for earnings presentation
Ref: GSL/SEC/2025-26/50 Date: November 17, 2025 To, BSE Limited, National Stock Exchange of India Limited Dept of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai 400 001 (Maharashtra) Mu
Slide 2: Earnings Presentation Q2/H1-FY26
Earnings Presentation Q2/H1-FY26 1
Slide 3: Global Surfaces At A Glance
Global Surfaces At A Glance 20+ 550+ Years of experience Total workforce 3 91%+ State-of-the-art manufacturing facilities In India and Dubai Built for Scale, powered by Exports Cutting-Edge Technology ~1,615,500 0.50X SMT p.a Combined production capacity Debt to Equity * All figures reported as on F
Slide 4: Company Overview
COMPANY OVERVIEW 7
Slide 5: Company Overview
Company Overview Operational Revenue (INR Mn) & EBITDA Margins (%) • Global Surfaces Limited (GSL), established in 1991 and headquartered in Jaipur, India, specializes in 2,253 the production and export of natural stones and engineered quartz products. 2,076 1,781 • The company's leadership includes
Slide 6: Geographical Presence
Geographical Presence Canada Europe USA Kuwait Qatar UAE Saudi Arabia India Vietnam FY25 Geographical Revenue Break-up 9% Australia 91% Manufacturing Facilities Export countries Domestic Export 5
Slide 7: Manufacturing Facilities - Domestic
Manufacturing Facilities - Domestic UNIT 1: Bagru, Jaipur, Rajasthan UNIT 2: SEZ, Jaipur, Rajasthan • Size: 20,488 (sq. mt.) • Size: 24,139 (sq. mt.) • Manufacturing Capacity: 4,71,164 (sq. mtrs. p.a.) • Manufacturing Capacity: 5,21,454 (sq. mtrs. p.a.) • Purpose: Processing of natural stones (marbl
Slide 8: Manufacturing Facilities – International
Manufacturing Facilities – International UNIT 3: Global Surfaces FZE, Dubai, UAE (Wholly Owned Subsidiary) • Size: 39,657.63 sq. mt. (leased) • Manufacturing Capacity: 6,22,895 (sq. mtrs. p.a.) • Purpose: Manufacturing of engineered stones • Benefits: Proximity to Jebel Ali Port helps optimize freig
Slide 9: International Subsidiaries
International Subsidiaries Global Surfaces Inc. (USA) Global Surfaces FZE (UAE) Superior Surfaces Inc. (SSI) • Global Surfaces Inc. (GSI), a wholly owned subsidiary of • Global Surfaces FZE, a wholly owned subsidiary of • Superior Surfaces Inc. (SSI) was incorporated on May 5, Global Surfaces Limite
Slide 10: Business Overview
BUSINESS OVERVIEW 7
Slide 11: Engineered Stones
Engineered Stones • Quartz are natural stones that occur in clusters and do not form large stone blocks like granite or limestone. Due to this characteristic, it is Revenue (INR Mn) Volume (Sqm/pa) unsuitable for direct use in countertops or other large slab applications. • To make quartz a viable o
Slide 12: Manufacturing Process – Engineered Stones
Manufacturing Process – Engineered Stones Moulding Polishing slab Loading longitudinal trimming transverse trimming Surface calibration – slab bottom surface Slab polishing section Surface calibration – Slab Tilter Slab Top Service Slab cleaning station Slab quality check area Slabs unloading robot
Slide 13: Marquartz-Technologically Advanced Premium Product
Marquartz-Technologically Advanced Premium Product Strategic Advantage • Global Surfaces FZE, a wholly-owned subsidiary of Global Surfaces Limited, entered into a License Agreement with SQIP, LLC, a Florida-based limited liability company. • Under the terms of the Agreement, Global Surfaces has been
Slide 14: Licensed Technology: Key Marquartz Advantages
Marquartz – Advantages • Utilizes patented Non-Push-Up Vein Technology and Push- Up Vein Technology Licensed • Employs proprietary RIFT VEINTM TECHNOLOGY and CONVERGENCETM TECHNOLOGY Technology: • Enables the manufacturing of quartz-based slabs that emulate the natural, random appearance of veins an
Slide 15: Natural Stones
Natural Stones • Natural stones are rocks that are quarried from the earth and used in various Revenue (INR Mn) Volume (Sqm/pa) applications such as construction, flooring, countertops, and sculptures. • They are formed through natural geological processes over millions of years and 223 55,429 are k
Slide 16: Manufacturing Process – Natural Stones
Manufacturing Process – Natural Stones Selection of Block Calibration & Packaging & Storing or Raw Material Dressing Block Sawing Fibre Net Grinding Polishing Transportation 15
Slide 17: Strategic Overview
STRATEGIC OVERVIEW 7
Slide 18: Growth Drivers
Growth Drivers Rising Demand for Aesthetic Urbanization and Strong Growth in Export Technological Advancements and Durable Surfaces infrastructure Growth Markets & Innovation Increasing preference for luxury Rapid urbanization and expansion of Rising exports to developed nations Growth in customized
Slide 19: ESG
ESG Global Surfaces Ltd. has implemented several green initiatives to promote sustainability and reduce environmental impact: Water Conservation: The Sustainable Product company has implemented Development: an advanced water treatment The company is committed to system that recycles 80% of creating
Slide 20: Financial Overview
FINANCIAL 7 OVERVIEW
Slide 21: Q2/H1-FY26 Financial Highlights/ Operational Highlights
Q2/H1-FY26 Financial Highlights/ Operational Highlights Q4-FY21 Q2-FY26Financial FinancialPerformance Performance Q2/H1-FY26 Operational Highlights Revenue from Operations EBITDA EBITDA Margins • Consolidated performance remained stable, with Dubai’s scale-up and higher INR 541 Mn contribution compe
Slide 22: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q2-FY26 Q2-FY25 YOY Q1-FY26 QOQ Revenue from Operations 541 470 15.1% 745 (27.4)% Total Expenses 577 453 27.4% 665 (13.2)% EBIDTA (36) 17 NA 80 NA EBIDTA Margins (%) (6.65)% 3.62% NA 10.74% NA Depreciation and amortisation expenses 47
Slide 23: Half Yearly Financial Performance
Half Yearly Financial Performance Particulars (INR Mn) H1-FY26 H1-FY25 YOY Revenue from Operations 1,286 1,041 23.5% Total Expenses 1,243 948 31.1% EBIDTA 43 93 (53.8)% EBIDTA Margins (%) 3.34% 8.93% (559) Bps Depreciation and amortisation expenses 91 92 (1.1)% Finance costs 73 65 12.3% Other Income
Slide 24: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY23 FY24 FY25 H1-FY26 Revenue from Operations 1,781 2,253 2,076 1,286 Total Expenses 1,426 1,903 2,056 1,243 EBIDTA 355 350 20 43 EBIDTA Margins (%) 19.93% 15.53% 0.96% 3.34% Depreciation and amortisation expenses 94 89 187 91 Finance co
Slide 25: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY24 FY25 H1-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 EQUITY AND LIABILITIES ASSETS Equity Share Capital 424 424 424 Property, Plant and Equipment 2,443 2,375 2,405 Capital WIP 1 - - Other Equity 2,881 2,600 2,540 Right-of-use Assets 496
Slide 26: Consolidated Financial Performance
Consolidated Financial Performance Operational Revenue (INR Mn) PAT (INR Mn) & PAT Margins (%) EBITDA (INR Mn) & EBITDA Margin 242 (%) 198 2,253 355 2,076 350 13.59% 1,781 8.79% 1,286 FY23 FY24 FY25 H1-FY26 19.93% (51) 15.53% (3.97)% 43 20 (13.92)% (289) 0.96% 3.34% FY23 FY24 FY25 H1-FY26 FY23 FY24
Slide 27: Capital Market Slide
Capital Market Slide Stock Price (As on 30th September, 2025) 0% -10% -20% -30% -40% -50% -60% Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Global Surfaces Sensex Shareholding Pattern (As on 30th September, 2025) Price Data (As on 30th September, 2025) INR Face
Slide 28: Disclaimer
Disclaimer Global Surfaces Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events
Slide 29: Thank You
THANK YOU Le