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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹100.81 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹46.6 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Sejal Glass reported 9M FY26 consolidated revenue of ₹284.51 Cr with EBITDA of ₹46.60 Cr (margin 16.38%). The company is targeting ₹400 Cr+ full-year revenue with EBITDA margin improving to ~16.5% in Q4. Growth is driven by strong demand in real estate, infrastructure, and data centers, along with capacity expansion in UAE (new tempering line) and ramp-up of acquired units (Taloja, Erode). New high-value products (fire-rated, bulletproof, digital printing) are expected to contribute meaningfully from next fiscal. Management guided for minimum 25% revenue growth next year and EBITDA margin of ~18%. Key risk: slower-than-expected utilization ramp-up at acquired units, which currently operate at sub-20% capacity and drag margins.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects at least 25% consolidated revenue growth in FY27, even without new acquisitions.
- Targeting consolidated EBITDA margin of around 18% next year, with potential half-percent improvement.
- Expecting to close FY26 with consolidated revenue of ₹400 Cr or slightly higher.
- A new tempering line in UAE will commence in Q1 FY27, adding capacity and incremental revenue of $20-30 million.
Risks flagged
- Taloja and Erode units are operating at 10-16% utilization; if ramp-up is slower than expected, it could delay margin improvement.
- Management noted that unorganized players compete in the railway tender business, which could pressure pricing.
- 55% of raw material is glass sourced from Saint-Gobain under a sole supply agreement; any disruption could impact costs.
Key quotes
- We are targeting a bit of around 18%.
- We are looking minimum 25% growth next year minimum.
- The new product like fire rated and the bulletproof will definitely give a higher margin.
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