Glass Wall Systems (india) Limited · NSE:GLASSWALL
Glass Wall Systems (india) — Q1 FY2027 Earnings Presentation
34 slides from Glass Wall Systems (india)'s earnings presentation, Oct 6, 2026
Slide 1: Exchange covering letter for investor presentation
Date: October 6, 2026 To, To, BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Corporate Relationship Department Exchange Plaza, C-1, Block G, P. J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (E), Fort, Mumbai - 400 001 Mumbai – 400051 BSE Scrip Code
Slide 2: Glass Wall Systems Q1FY27 Investor Presentation
GLASS WALL SYSTEMS Complete Solutions For Façade Works Q1FY27 INVESTOR PRESENTATION 06th OCTOBER 2026
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Glass Wall Systems (India) Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe f
Slide 4: Listed on NSE and BSE on 16th September 2026
Listed on NSE and BSE on 16th September 2026 3
Slide 5: Q1FY27 Financial Highlights
Q1FY27 Financial Highlights
Slide 6: Management Commentary
Management Commentary Commenting on the results, Mr. Eshan Hemrajani, Managing Director & Chief Executive Officer, Glass Wall Systems (India) Limited, said: "Our listing marks an important milestone in the journey of Glass Wall Systems, and as we present our first set of results as a listed company,
Slide 7: Q1FY27: Performance Snapshot
Q1FY27: Performance Snapshot Figures (Rs. in Cr) REVENUE EBITDA & EBITDA% PAT & PAT% 26.6% 21.3% 23.7% 16.1% 36% 9% -8% 107 23 19 21 17 79 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Financial Highlights: Domestic Business: Revenue of Rs. 62 crores up 93% y-o-y, driven by strong project execution Inte
Slide 8: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (Rs. Crs) Q1FY27 Q1FY26 YoY% FY26 FY25 YoY% Revenue from Operations 107.4 79.1 35.8% 457.0 278.3 64.2% Cost of Goods Sold 46.8 35.1 220.8 129.4 Gross Profit 60.7 44.0 37.9% 236.2 148.9 58.6% Gross Profit Margin 56.5% 55.6% 51.7% 53.5% Employee Cos
Slide 9: Company Overview
yy, Company Overview
Slide 10: About Glass Wall Systems (India) Ltd.: Click to Watch Video
About - Glass Wall Systems (India) Ltd.: Click to Watch Video 9
Slide 11: Premium façade solutions provider
Premium façade solutions provider Business Overview Unrivalled Capabilities Glass Wall Systems is a comprehensive façade and ultra-luxury fenestration solution provider catering to domestic and global markets Seasoned promoters with extensive domain Marquee Clientele knowledge Business Verticals Exp
Slide 12: Market leadership supported by a diversified business model
Market leadership supported by a diversified business model FY26 Revenue/ Segment Segment Order Book3 GWS Positioning Revenue Mix Adoption of innovative design and materials and a shift towards sustainable systems Buoyant construction and real estate ~Rs.223 Cr / environment ~Rs.626 Cr ~49% 2nd larg
Slide 13: Journey of Glass Wall Systems so far
Journey of Glass Wall Systems so far Phase 1: Phase 2: Phase 3: Phase 4: Early stage of demonstrating scalable Navigating headwinds with Targeted approach to reinvent the Scale up of the export business operations resilience business model Entered the US Market and Rs. 1,000 Cr+ order book as receiv
Slide 14: Marquee client base with track record of successful project execution
Marquee client base with track record of successful project execution Domestic International Diverse Portfolio of Sectors Bagmane Rio The Capital 26-32 Jackson Avenue Harper Court Commercial Residential PROCESS FLOW PROCESS FLOW Design Engineering Manufacturing Supply Installation Design Engineering
Slide 15: Product Details
Product Details Window Wall Curtain Wall – Stick System Curtain Wall – Semi Unitized System Cladding Systems Store Front Glazing Canopy 14
Slide 16: Manufacturing Capabilities
Manufacturing Capabilities Strategically located at Vile Bhagad, Maharashtra ~32,415 sq. mt Designated Export 4 Lines ~100km Manufacturing Area with Place Close Proximity to Nhava Dedicated production lines for large undeveloped capacity Custom cleared prior to being unitized systems, doors and Shev
Slide 17: Integrated Capabilities to Drive Growth & Profitability
Integrated Capabilities to Drive Growth & Profitability IN-HOUSE GLASS PROCESSING FACILITY ~ Rs. 80 Crs Capex Funded through IPO proceeds and internal accruals Backward integration to drive further growth by strengthening operational efficiency, reducing supplier dependence and enhancing margins & c
Slide 18: Delivering sustainable, high-performance solutions
Delivering sustainable, high-performance solutions GWS’ Commitment to sustainable growth GWS’ Low Embodied Carbon Products Partnerships Low-carbon aluminium Low-carbon silicone Green manufacturing Rising shift towards eco-friendly buildings Global Aluminium Dowsil Solar powered Supply of low-carbon
Slide 19: Competitive Advantages
Competitive Advantages End-to-End Integrated Capabilities Export-Led International Presence Quality & Sustainability Credentials In-house testing rig to AAMA, Design, engineering, Marquee projects across the ASTM, AS/NZS and EN manufacturing and USA and Australia standards installation under one roo
Slide 20: Key Business Strategies
Key Business Strategies Five strategic pillars driving global growth and premium leadership Expand Global Reach Deepen presence in the USA and Australia, and enter Canada and Europe, to tap a US$11.9 Bn global façade market by FY2030 Strengthen Domestic Leadership Leverage our domestic manufacturing
Slide 21: Industry Overview
yy, Industry Overview
Slide 22: Industry Overview
Industry Overview Domestic Façades Exports Market Fenestration 2nd largest façade solutions provider in India's largest façade exporter4 Prominent player in ultra-luxury India3 fenestration Market size (Rs. Bn)1 Market size ($ Mn)2 Market size (Rs. Bn) +12% 144 +6% +14% 6,845 54 91 5,083 32 FY26P FY
Slide 23: Seasoned Promoters
Seasoned Promoters Eshan Jawahar Hemrajani Jawahar Hariram Hemrajani Amit Hemrajani Managing Director & Chief Chairman & Whole time Director Director, Yes Systems Executive Officer Jawahar Hariram Hemrajani has Eshan Jawahar Hemrajani has approximately Amit Hemrajani is a graduate in Architecture ap
Slide 24: Board of Directors
Board of Directors Jawahar Hemrajani Eshan Jawahar Hemrajani Sunaina Gera Siddharth Bafna Nandita Khurana Chairman & Whole time Managing Director & Chief Non-Executive Independent Non-Executive Independent Non-Executive Independent Director Executive Officer Director Director Director Jawahar Harira
Slide 25: Historical Financials
yy, Historical Financials
Slide 26: Historical Financials
Historical Financials Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 18% 26% 23% 7% 21% 18% 457 105 84 304 73 58 278 55 36 FY24 FY25 FY26 FY24 FY25 FY26 FY24* FY25 FY26 Cash Flow from Operations (Rs. Cr) ROCE (%)1 ROE (%)2 73 73 66% 39% 39% 55% 45% 43 18% FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26
Slide 27: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit and Loss (Rs. Crs) FY24 FY25 FY26 Revenue from Operations 304.3 278.3 457.0 Cost of Goods Sold 154.4 129.4 220.8 Gross Profit 150.0 148.9 236.2 Gross Profit Margin 49.3% 53.5% 51.7% Employee Cost 26.3 29.0 37.7 Other Expenses 68.9 46.9 93.2 EBITDA 54.7 73.0
Slide 28: Historical Balance Sheet
Historical Balance Sheet Assets (in Rs. Crs) Mar-24 Mar-25 Mar-26 Equity & Liabilities (in Rs. Crs) Mar-24 Mar-25 Mar-26 Non - Current Assets 105.5 93.1 152.8 Total Equity 120.9 174.1 259.9 Property, plant and equipment 39.7 41.4 66.1 Equity share capital 19.4 15.2 16.9 Capital work-in-progress 3.1
Slide 29: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) Mar-24 Mar-25 Mar-26 Net Profit Before Tax 31.3 75.6 111.1 Adjustments for: Non -Cash Items / Other Investment or Financial Items 33.3 -0.1 2.3 Operating profit before working capital changes 64.6 75.5 113.4 Changes in working capital -21.4 2.6 -17.7 Cash ge
Slide 30: Annexures
Annexures
Slide 31: Key Projects delivered in Domestic market
Key Projects delivered in Domestic market The Capital Kohinoor Square Bagmane Rio Lodha World One Altimus Oberoi - 360 West Wipro IT SEZ Reliance Twin Tower 30
Slide 32: Key Projects delivered in International market
Key Projects delivered in International market Jackson Avenue 1400 Wabash 2300 Market Place 3201 Cuthbert Spark Harper Court 31
Slide 33: Utilization of IPO Proceeds
Utilization of IPO Proceeds Amount to be funded Estimated Deployment Estimated Deployment Proposed Fund Allocation (Rs. Crs) from Net Proceeds during Fiscal 2027 during Fiscal 2028 Funding capital expenditure requirement for setting up of GPU Project as part of planned backward integration of the Co
Slide 34: Thank you
Thank you Company Investor Relations Advisor CIN: U74140MH2010PTC204285 CIN: U74999MH2010PLC207187 Ms. Ami Parekh / Mr. Umang Shah / Mr. Aadesh Pardeshi Mr. Sanjay Sawant ami.parekh@sgapl.net / umang.shah@sgapl.net / aadesh.Pardeshi@sgapl.net Email: sanjay@glasswallsystem.com T: +91 91 80824 66052 /
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