Synopsis:
Global surfaces ltd backs order worth Rs 14 crore from M S International, Inc. for the supply of engineered quartz surfaces aggregating to USD 1.58 Million. (INR 14.05 Crores).
The stock that is into the business of manufacturing quartz and processing of granite and marble came into focus as the company recently announced receiving a new international work order.
With a market capitalization of Rs 398 Crore, the shares of Global Surfaces Ltd made a high of Rs 95 on Friday compared to the previous day closing of Rs 93.16, giving roughly around 1.97% upside move.
About the order
The order is actually received by Global Surfaces FZE, a wholly-owned subsidiary of the Company located in Dubai, UAE and is given by M S International, Inc., which is a US-based company.
The deal is for the manufacture and supply of engineered quartz surfaces in various designs and specifications as specified by the customer, along with other terms and conditions as set out in the purchase order. The combined order value is approximately USD 1.58 Million (Rs. 14.05 Crores), and it is to be executed within a month.
Financial performance
The company reported a revenue from operations of Rs 74.50 crore in Q1FY26 compared to Rs 57.15 crore in Q1FY25 which indicates a YoY growth of about 30.36%. But even after such growth rate, the company has failed to generate profit since Q1 FY 25 with net loss Rs 1.26 crore but managed to narrow its losses to Rs 57 lakh in its latest Q1 FY 26 results.
The company needs to work on managing its financial costs, which seems to be the reason for its negative PAT and needs to attain such orders to see potential future profits.
With the Rising Demand for Aesthetic and Durable Surfaces, urbanisation, and Infrastructure Growth, Global Surfaces Ltd has potential future growth indicators but needs to manage its finances and keep receiving such orders, or it will continue burning its revenue.
Written by Leon Mendonca
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