Glen Industries Ltd Reports 24.36% Growth in Revenue for Q1 FY27

Glen Industries Ltd Reports 24.36% Growth in Revenue for Q1 FY27​

Glen Industries Ltd has reported a strong start to the financial year 2026-27, highlighted by a significant growth in its domestic sales and total revenue from operations. The company recorded a Total Revenue from Operations of Rs 5,492.92 lakh for the quarter ended June 30, 2026, representing a 24.36% increase compared to the Rs 4,416.85 lakh reported in the same period during the previous financial year.

The growth was primarily propelled by a robust domestic market performance. Domestic sales rose by 43.79% to reach Rs 4,261.73 lakh from Rs 2,963.81 lakh in Q1 FY2025-26. This surge was attributed to improved demand, higher order execution, and higher unit realization driven by high Raw Material costs. Furthermore, the company noted a continued strengthening of its market presence during this period.

While domestic performance surged, export sales saw a decline, totaling Rs 1,231.18 lakh compared to Rs 1,453.04 lakh in the corresponding quarter of the previous year. The company stated that this decrease was mainly due to changes in shipment schedules and customer delivery timelines. Management remains optimistic about the export pipeline for upcoming quarters.

Quarterly Financial Performance Overview​

The data highlights a shift in the revenue mix as well; domestic business contributed 77.6% of total revenue during Q1 FY27, an increase from the 67.1% contribution recorded in Q1 FY26.

Project Progress Update​

Glen Industries Ltd has provided significant updates regarding its project development, confirming that all regulatory approvals are now in place for speedy implementation.

Regulatory and Site Readiness:
The company has successfully completed the conversion of land use from agricultural to industrial. Additionally, land filling work is finished. The company has secured the No Objection Certificate / Consent to Establish (CTE) from the West Bengal Pollution Control Board, received the Fire NOC / Fire Safety Report (FSR) from the West Bengal Fire & Emergency Services, and obtained the Building Plan sanction from Zila Parishad. Furthermore, a final sanction letter for power from WBSEDCL has been received, with the agreement for electricity receiving currently being executed.

Construction and Design:
The contract for the Pre-Engineered Building (PEB) structure has been awarded, and structural designing is complete. Piling work has finished, with foundation work expected to be completed by the end of July 2026. The erection of the PEB structure is scheduled to commence shortly after the completion of the foundations.

Procurement Status:
The company has placed orders for all plant and machineries, with the exception of short delivery items for paper cups, which are expected to be finalized in August 2026. Orders for most utility equipment have been placed, with the remaining balance scheduled for completion in July 2026.

Stock Price Movement​

Glen Industries Ltd settled at ₹66.14 on Thursday, pulling back 1.28% to close the day lower. Shares traded completely flat throughout the session, remaining locked at exactly ₹66.14 for both the high and low.