Industrial Machinery company HLE Glascoat announced Q1FY26 results The consolidated Revenue for the Q1FY26 stood at Rs 28,394.7 lakh, achieving a growth of 25.0% on a YoY basis. EBITDA for Q1FY26 stood at Rs 3,984.6 lakh, reflecting a year-on-year growth of 68.6%, with an EBITDA margin of 14.0%. PAT for the Q1FY26 reached Rs 1,786.5 lakh, marking a growth of 229.6% on a YoY basis, with a PAT margin of 6.3%. Himanshu K. Patel, Managing Director, said: “We are pleased to report a robust start to FY26, with Q1 delivering healthy growth across all key financial metrics. Revenues rose 25.0% YoY, reaching Rs28,394.7 lakh, reflecting the strengthened demand and successful order execution. Our efforts to drive business growth and operational efficiency resulted in EBIDTA growing 68.6% YoY and margin expansion to 14.0%, a significant improvement over the corresponding prior period. The profit for the year surged 229.6% YoY, underscoring our sustained focus on profitability and value creation. The expansion in both revenue and margins is a testament to our strategic initiatives in customer engagement, product and quality enhancement, and process excellence. Importantly, HLE Glascoat today is not only an equipment manufacturer but also a comprehensive solutions provider, catering to diverse client segments and enabling them to achieve operational efficiency and business transformation. We believe HLE Glascoat is now a true engineering solutions partner, delivering innovation-driven, end-to-end capabilities across the value chain. With a robust order book, we are well-positioned to capture additional growth opportunities in the upcoming quarters. The environment remains supportive, with encouraging tailwinds in our end-user industries, including increased capital expenditure spending and favourable market sentiment. These factors, combined with our disciplined execution, engineering expertise, and innovative approach, give us confidence in delivering sustained performance. Our teams remain committed to scaling new milestones, enhancing stakeholder value, and reinforcing our leadership position across our business segments, while continuing to contribute to the advancement of engineering and manufacturing standards in India. Result PDF
Industrial Machinery company HLE Glascoat announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from Contract with Customers was Rs 33,370.7 lakh, up 8.7% YoY from Rs 30,689.8 lakh in Q4FY24. EBITDA stood at Rs 5,424.5 lakh, growing 41.1% YoY compared to Rs 3,845.4 lakh in Q4FY24. EBITDA margin improved to 16.3% from 12.5%, a rise of 380 bps YoY. Profit before Tax and Exceptional Items was Rs 3,720.1 lakh, rising 75.7% YoY from Rs 2,116.7 lakh. PAT (Profit for the Year) surged to Rs 3,164.4 lakh, a sharp 113.8% YoY growth from Rs 1,480.2 lakh. PAT margin rose to 9.5% from 4.8%, up by 470 bps YoY. FY25 Financial Highlights: The consolidated Revenue for the FY25 stood at Rs 1,02,758.7 lakh, achieving a growth of 6.2% on YoY basis. EBITDA for FY25 stood at Rs 14,093.4 lakh, reflecting a year-on-year growth of 16.6%, with an EBITDA margin of 13.7%. PAT for the FY25 reached Rs 6,176.7 lakh, marking growth of 51.1% on a year-on-year basis, with a PAT margin of 6.0%. The Company has reduced its long-term and short-term debt obligations by Rs 4,976.5 lakh during the year. Commenting on the Results, Himanshu K. Patel, Managing Director said, “FY25 marked a year of strong execution and meaningful strategic progress for HLE Glascoat Ltd. We concluded the year with a consolidated revenue of Rs 1,02,758.7 lakh, reflecting a 6.2% year-on-year growth. Our Profit After Tax (PAT) saw a significant increase of 51.1% YoY, reaching Rs 6,176.7 lakh. In particular, Q4 PAT more than doubled YoY to Rs 3,164.4 lakh, underscoring enhanced operating leverage and improved profitability. With an order book of Rs 57,506.2 lakh as of March 31, 2025, we enter FY26 with strong revenue visibility. We continued to reinforce our position as a trusted partner to India’s chemical and pharmaceutical industries, both of which are benefiting from structural tailwinds such as increased global outsourcing, supply chain diversification, and rising domestic demand. As these process industries focus on capacity expansion and technology upgrades, the demand for high-quality and highly efficient equipment remains strong. HLE Glascoat’s differentiated strengths in design, manufacturing, and application-specific engineering allow us to respond swiftly and effectively to these evolving customer requirements. We also made significant strides on our strategic priorities. The inauguration of our state-of-the-art Centre of Excellence in Anand, Gujarat, marks a key milestone enhancing customer engagement, accelerating innovation, and deepening technical capabilities. Furthermore, our subsidiary Kinam commenced its first deliveries in the oil & gas sector, opening new avenues for growth. As India’s process industries shift toward more advanced and sustainable manufacturing practices, we remain committed to driving value through innovation, reliability, and operational excellence. We extend our sincere gratitude to our customers, partners, and shareholders for their continued trust and support.” Result PDF
Industrial Machinery company HLE Glascoat announced Q3FY25 results Revenue: Rs 23,102.9 lakh compared to Rs 23,923.1 lakh during Q3FY24, change -3.4%. EBIDTA: Rs 2,757.1 lakh compared to Rs 2,870.6 lakh during Q3FY24, change -4.0%. EBIDTA margin: 11.9% for Q3FY25. PAT: Rs 1,028.2 lakh compared to Rs 597.4 lakh during Q3FY24, change 72.1%. PAT margin: 4.5% for Q3FY25. Himanshu K. Patel, Managing Director, said: “We are pleased to report a stable performance for the quarter and nine-month period ended December 31, 2024, supported by a robust order book. Sequentially, the order book grew by approximately 13.4%, marking a 24.1% YoY increase. While the industrial chemical sector saw subdued demand upto Q3FY25, the pharmaceutical segment maintained steady traction. With inventory levels stabilizing, the chemical industry is expected to witness a gradual recovery in the coming quarters. Our Filtration, Drying, and Other Equipment segment continued to gain traction, recording sequential growth. Additionally, the Indian Glass-Lined Equipment business is showing signs of recovery, leading to margin improvements compared to last year. The steady buildup of its order book strengthens our confidence in further topline and margin expansion in the coming quarters. We remain focused on leveraging our recent acquisitions, which continue to provide strategic adjacencies, broaden our product portfolio, and enable entry into new industries—helping us diversify risks while driving sustainable growth. The acquisition of a 26% stake in Clean Max Anchorage Private Limited will enable us to optimize energy costs with a short payback period while furthering our sustainability goals through captive use, enhancing profitability.” Result PDF
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
Industrial Machinery company HLE Glascoat announced Q4FY24 results: The consolidated Revenue for the Q4FY24 stood at Rs 30,689.8 lakh, achieving a growth of 2.9% on YoY basis. EBITDA stood at Rs 3,845.4 lakh with an EBITDA margin of 12.5% in Q4FY24 PAT stood at Rs 1,480.2 lakh with a PAT margin of 4.8% in Q4FY24 Operating Highlights: Strong Orderbook as at March 2024 end of Rs 47,936.07 lakhs. Orderbook provides visibility of 4 months for the India business and 9-10 months for the Thaletec business. The Board had approved the Scheme of Amalgamation of Kinam Enterprise Private Limited with HLE Glascoat Limited. Consequent to the Scheme, the Company will acquire the control over the balance 34.44% shares (to make it 70% controlling stake) in Kinam Engineering Industries Private Limited. Thaletec, India has started receiving orders for the innovative range of products of Thaletec in India. The initial response is extremely encouraging. ICRA has reaffirmed the long-term rating at ICRA A, and also reaffirmed the short-term ratingat ICRA A2+. The Outlook on the long-term rating is Stable Commenting on the Results, Himanshu Patel, Managing Director said, “The global geopolitical landscape remains challenging, marked by ongoing conflicts and significant elections worldwide. These events are poised to influence the direction of the global economy. Major central banks have hinted at potential rate cuts throughout the year; however, the persistent lack of progress on global inflation remains a concern. In the chemical sector, we continued to witness demand slackness due to dumping and lower capacity utilization caused by international events. The sector also faces headwinds from inventory rationalization. Despite these challenges, there has been some positive commentary from large chemical companies indicating an improvement in the fourth quarter, with further recovery expected to pick up pace in the second half of FY25. Globally, the rise in energy prices due to war has further impacted demand, but the impending issue of inventory destocking seems to be nearing an end. The overall order book is showing gradual improvement. There is growing anticipation of a rise in exports from Indian chemical companies, albeit at a lower rate than initially expected for FY25 after a challenging FY24. Regarding our operations, our Indian glass-lined equipment segment experienced slow performance due to demand weakness. Nonetheless, we remain committed to our growth strategy. Our earlier acquisition of Thaletech GmbH has allowed us to introduce the Thaletec products to the Indian market. Additionally, our strategic acquisition of Kinam Engineering Industries aligns well with our product diversification strategy and expand our product offerings. Despite the challenging market conditions, we are focused on growing in size and enhancing our capabilities. Thank you for your continued support and confidence in our Company.” Result PDF