Sejal Glass reported a strong Q2 FY27, with revenue growing 33% YoY to Rs 139.86 crore and net profit jumping 77.6% to Rs 14.42 crore. Margin expansion and increased capacity utilization at its Taloja and Erode plants fueled the performance. The company is now eyeing entry into fire-rated glass as part of its strategy to boost high-margin product offerings while managing an order book of Rs 85 crore in India and AED 78 million in the UAE.
Sejal Glass Q2 Profit Jumps 77% to Rs 14.42 Crore
Total income rose 33.14% to Rs 139.86 crore, while net profit grew 77.61% to Rs 14.42 crore.
Reader Takeaway: Improved plant utilization and a pivot toward high-value, specialized glass products are driving margin expansion for Sejal Glass.
What just happened
Sejal Glass delivered a robust performance in Q2 FY27, marked by significant gains in both top-line revenue and bottom-line profitability. The company’s EBITDA grew by 43.44% to Rs 25.66 crore, with EBITDA margins expanding by 132 basis points to 18.35%. This growth was supported by higher capacity utilization across key manufacturing units in Taloja and Erode.
Why this matters
The company is aggressively moving into high-margin segments including fire-rated, bullet-resin, and railway-grade glass. With trial production for fire-rated glass set for Q3 FY27, investors are looking for this segment to contribute to a sustainable 18% EBITDA margin target. Furthermore, the company maintains an optimistic revenue growth guidance of 25-40% for FY27.
Operational Highlights
Utilization at the Taloja tempering line reached 69%, a notable increase from previous levels, while the Erode facility is seeing steady ramp-up in both tempering and IG glass production. The company’s order book remains healthy, with Rs 85 crore in the Indian market and AED 78 million in its UAE subsidiary, providing clear revenue visibility for the next two quarters.
Risks to watch
Management highlighted a temporary tightening in working capital due to advance inventory procurement. While the company is managing this through internal resources, execution risks remain in new segments like railway-grade glass, where qualification tiers and competitive bidding ratios are stringent. Additionally, the company is continuing to service long-term debt through scheduled EMIs without immediate plans for aggressive debt reduction.
What to track next
Watch for the successful commercialization of the fire-rated glass line by the end of Q3 FY27 and the ongoing utilization trends at the Taloja and Erode plants. Investors should also track the capital expenditure of AED 20 million for the third tempering line in the UAE.