Industrial Machinery company HLE Glascoat announced Q2FY25 results Financial Highlights: The consolidated Revenue for the Q2FY25 stood at Rs 23,577.9 lakh, achieving a growth of 5.1% on YoY basis. EBITDA for Q2FY25 stood at Rs 3,548.8 lakh, reflecting a YoY growth of approximately 19.0%, with an EBITDA margin of 15.1%. PAT for the quarter reached Rs 1,442.1 lakh, marking a robust growth of around 33.1% on a YoY basis, with a PAT margin of 6.1%. The Company has reduced its long-term and short-term debt obligations by ~Rs 35 crore. Other Highlights: The Orderbook as at September 2024 end of Rs 60,247.1 lakh provides reasonable visibility. The Company continues to receive enquiries for orders for all its segments. The outlook is promising. The Company will acquire a 26% equity stake in Clean Max Anchorage P Ltd (CMAPL), enabling access to a captive open access model in Gujarat, which will boost renewable energy usage and reduce energy costs for the Company. The Operating Cashflow improved on the back of improved receivables and better working capital management. The Scheme of Amalgamation of Kinam Enterprise Private Limited with HLE Glascoat Limited has received the approval from the Stock Exchanges. Himanshu K. Patel, Managing Director, said: “Despite global challenges over the past six quarters, that delayed capex decisions by chemical companies and other user industries, we are pleased to report a stable performance for the quarter and half-year. This performance was supported by a robust order book, which grew by approximately 27% sequentially. Our global business order book now stands at ~Rs 602 crore, which provides a healthy visibility for the coming quarters. In the chemical sector, demand remained subdued due to deferred capex plans. However, we observed good momentum in the pharmaceutical industry. The overall prospects are looking more encouraging now. Our Filtration, Drying and Other Equipment segment witnessed strong traction, while our global Glass Lined Equipment business is set to outperform last year. Additionally, we have leveraged our past acquisitions in the Heat Transfer Business to explore new sectors like Oil and Gas, opening up fresh opportunities for growth. We are also pleased to announce the strategic joint venture - Clean Max Anchorage Private Limited – which will enable us to optimize energy costs, while furthering our sustainability goals through captive use.” Result PDF