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Standalone Integrated Financial Results 30.09.2025

General information about company

Scrip code* 543829
NSE Symbol* GSLSU
MSEI Symbol* NOTLISTED
ISIN* INE0JSX01015
Name of company Global Surfaces Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-11-2025
Description of presentation currency INR
Level of rounding Millions
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Granites & Marbles
Start date and time of board meeting 13-11-2025 15:40
End date and time of board meeting 13-11-2025 16:10
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a igh value debt listed entity?according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 14-02-2025
Indicate Company website link for updated RPT policy of the Company https://globalsurfaces.in/investor-relations/corporate-governance/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No Disclosure of Default of loans and Debt Securities is not applicable to the entity.
 

Financial Results ?Ind-AS

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 165.13 446.62
Other income 133.68 169.69
Total income 298.81 616.31
2 Expenses
(a) Cost of materials consumed 59.9 190.8
(b) Purchases of stock-in-trade 2.05 3.04
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 27.29 36.18
(d) Employee benefit expense 28.8 58.73
(e) Finance costs 9.19 19.28
(f) Depreciation, depletion and amortisation expense 11.65 22.79
(g) Other Expenses
1 Other Expenses 92.86 197.29
Total other expenses 92.86 197.29
Total expenses 231.74 528.11
3 Total profit before exceptional items and tax 67.07 88.2
4 Exceptional items 0 0
5 Total profit before tax 67.07 88.2
6 Tax expense
7 Current tax 12.27 15.97
8 Deferred tax 5.49 8.3
9 Total tax expenses 17.76 24.27
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 49.31 63.93
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 49.31 63.93
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period 49.31 63.93
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 423.82 423.82
Face value of equity share capital 10 10
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.17 1.51
Diluted earnings (loss) per share from continuing operations 1.17 1.51
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
iii Earnings per equity share (for continuing and discontinued operations)
Basic earnings (loss) per share from continuing and discontinued operations 1.17 1.51
Diluted earnings (loss) per share from continuing and discontinued operations 1.17 1.51
24 Debt equity ratio Textual Information( 1)
25 Debt service coverage ratio Textual Information( 2)
26 Interest service coverage ratio Textual Information( 3)
27 Disclosure of notes on financial results Textual Information(4)
 

Statement of Asset and Liabilities

Particulars Half Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 280.43
Capital work-in-progress 0.03
Investment property 210.77
Goodwill 0
Other intangible assets 1.3
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 1997.47
Other non-current financial assets 8.64
Total non-current financial assets 2006.11
Deferred tax assets (net) 190.65
Other non-current assets 131.65
Total non-current assets 2820.94
2 Current assets
Inventories 416.32
Current financial asset
Current investments 1.76
Trade receivables, current 489.32
Cash and cash equivalents 1.72
Bank balance other than cash and cash equivalents 5.71
Loans, current 3.36
Other current financial assets 359.37
Total current financial assets 861.24
Current tax assets (net)
Other current assets 40.21
Total current assets 1317.77
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 4138.71
Total current assets 1317.77
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 4138.71
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 423.82
Other equity 3030.53
Total equity attributable to owners of parent 3454.35
Non controlling interest
Total equity 3454.35
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 11.42
Trade Payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 8.85
Total non-current financial liabilities 20.27
Provisions, non-current 4.55
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 24.82
Current liabilities
Current financial liabilities
Borrowings, current 444.52
Trade Payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 28.89
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 151.76
Total Trade payable 180.65
Other current financial liabilities 11.62
Total current financial liabilities 636.79
Other current liabilities 12.52
Provisions, current 1.45
Current tax liabilities (Net) 8.78
Deferred government grants, Current
Total current liabilities 659.54
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 684.36
Total equity and liabilities 4138.71
Disclosure of notes on assets and liabilities Textual Information(1)
 

Other Comprehensive Income

Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.00 0.00

Cash flow statement, indirect

Particulars Half Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
1 Statement of cash flows
Cash flows from used in operating activities
Profit before tax 88.2
2 Adjustments for reconcile profit (loss)
Adjustments for finance costs 19.28
Adjustments for decrease (increase) in inventories 71.41
Adjustments for decrease (increase) in trade receivables, current 99.18
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -10.3
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -65.2
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 22.79
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0.08
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current -9.36
Adjustments for unrealised foreign exchange losses gains -88.38
Adjustments for dividend income 0
Adjustments for interest income 66.35
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -0.74
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 6.16
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -21.43
Net cash flows from (used in) operations 66.77
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 1.48
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 65.29
3 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 1.1
Purchase of property, plant and equipment 9.3
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 3.72
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0.12
Income taxes paid (refund) 0
Other inflows (outflows) of cash -2.81
Net cash flows from (used in) investing activities -7.17
4 Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 47.42
Payments of lease liabilities 0.23
Dividends paid 0
Interest paid 19.31
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -66.96
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -8.84
5 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -8.84
Cash and cash equivalents cash flow statement at beginning of period 10.56
Cash and cash equivalents cash flow statement at end of period 1.72
 

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Sr. No. Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) Notes
1 Global Surfaces Limited Sweta Shah Key Managerial Personnel Remuneration 7 NA 3.18 -0.55 -0.18
2 Global Surfaces Limited Global Mining Company Entities under control of Director Sale of goods or services 2 NA 0.08 0.66 0.75
3 Global Surfaces Limited Sweta Shah Key Managerial Personnel Purchase of goods or services 1.5 NA 0.66 0 0
4 Global Surfaces Limited Superior Surfaces Inc Subsidiary Sale of goods or services 200 NA 2.9 86.57 46.96
5 Global Surfaces Limited Global Surfaces Inc Subsidiary Sale of goods or services 1000 NA 177.31 234.65 156.58
6 Global Surfaces Limited Global Surfaces FZE Subsidiary Sale of goods or services 1000 NA 9.98 29.58 62.23
7 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Management Fees Income 2.5 NA 0.7 0 0
8 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Management Fees Income 100 NA 21.03 0 0
9 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Guarantee Commission Income 25 NA 8.06 29.99 39.25
10 Global Surfaces Limited Global Surfaces FZE Subsidiary Purchase of goods or services 200 NA 0.38 1.96 2.41
11 Global Surfaces Limited Orange Monkey Media Entities under control of relatives of Director Purchase of goods or services 30 NA 2.62 0.65 0.26
12 Global Surfaces Limited Global Surfaces FZE Subsidiary Interest received 150 NA 66.24 154.53 227.87
13 Global Surfaces Limited Global Surfaces FZE Subsidiary Loan 300 NA 0 1925.09 1997.47 The alue of transaction approved by the Audit Committee?represents the aggregate value of transactions approved by the Audit Committee during the period under review.The increase/decrease in the loan amount and the corresponding closing balance includes adjustments on account of foreign exchange fluctuations.
14 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Advance Given for Supply of Goods/Services 100 NA 0 83.65 86.99
15 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Advance received for Supply of Goods/Services 20 NA 0.88 5.03 5.91
16 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Corporate Guarantee 0 NA -6 1582.98 1579.08 Corporate Guarantees have been extended by the Company in favour of Banks/Financial Institutions to secure the credit facilities availed by its Wholly Owned Subsidiary. The increase/decrease in the Corporate Guarantee and the corresponding closing balance also includes adjustments arising from foreign exchange fluctuations.
17 Global Surfaces Limited Global Surfaces FZE Subsidiary Investment 0 NA 0 201.3 201.3
18 Global Surfaces Limited Global Surfaces Inc Subsidiary Investment 0 NA 0 0.74 0.74
19 Global Surfaces Limited Superior Surfaces Inc Subsidiary Investment 0 NA 0 8.74 8.74
20 Global Surfaces Limited Divine Surfaces Private Limited Entities under control of relatives of Director Any other transaction Trade Receivables 0 NA 0 0.57 0.57
21 Global Surfaces Limited Mayank Shah Key Managerial Personnel Remuneration 0 NA 0 -2.4 0
22 Global Surfaces FZE Mayank Shah Director Remuneration 40 NA 14.35 0.56 -1.82
23 Global Surfaces FZE Global Surfaces Inc Fellow Subsidiary Any other transaction Advance received for Supply of Goods/Services 500 NA 4.4 94.93 57.23
24 Global Surfaces FZE Superior Surfaces Inc Fellow Subsidiary Sale of goods or services 500 NA 0 55.93 37.29
Total value of transaction during the reporting period 306.77
 

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