Industrial Machinery company HLE Glascoat announced Q4FY26 & FY26 results Consolidated Financial Highlights Revenue from Operations: Consolidated revenue for Q4FY26 was Rs 39,169.07 lakh, up 19.94% QoQ from Rs 32,656.67 lakh in Q3FY26 and up 17.38% YoY from Rs 33,370.72 lakh in Q4FY25. For the full year FY26, revenue reached Rs 1,35,297.94 lakh, representing a growth of 31.67% over FY25. Total Income: For Q4FY26, total income was Rs 39,280.29 lakh, growing 19.01% QoQ and 16.92% YoY. For the full year FY26, total income reached Rs 1,36,176.36 lakh, a 31.47% increase YoY. Profit Before Tax: Consolidated profit before tax for Q4FY26 was Rs 2,524.85 lakh, up 591.38% QoQ from Rs 365.19 lakh, but down 32.13% YoY compared to Rs 3,720.14 lakh in Q4FY25. For the full year FY26, it stood at Rs 7,094.72 lakh, compared to Rs 7,506.74 lakh in FY25. Net Profit: The Group reported a net profit of Rs 2,014.39 lakh for Q4FY26, up 337.96% QoQ from Rs 459.95 lakh, while declining 36.34% YoY from Rs 3,164.40 lakh. For the full financial year FY26, consolidated net profit was Rs 5,656.57 lakh, an 8.42% decrease from Rs 6,176.74 lakh in FY25. Earnings Per Share (EPS): Basic and diluted EPS for the full year FY26 was Rs 7.20, compared to Rs 7.99 in FY25. Standalone Financial Highlights Revenue from Operations: For Q4FY26, the company reported revenue of Rs 20,154.10 lakh, representing a growth of 22.71% QoQ compared to Rs 16,423.71 lakh in Q3FY26 and a 3.35% increase YoY from Rs 19,500.20 lakh in Q4FY25. For the full year FY26, revenue stood at Rs 72,311.46 lakh, up 31.22% from Rs 55,106.92 lakh in FY25. Total Income: The total income for Q4FY26 was Rs 20,405.31 lakh, up 22.46% QoQ and 4.02% YoY. For the full year FY26, total income reached Rs 73,903.67 lakh compared to Rs 56,339.65 lakh in FY25. Profit Before Tax: Standalone profit before tax for Q4FY26 was Rs 1,789.53 lakh, showing a significant growth of 1,577.63% QoQ from Rs 106.67 lakh (which was impacted by exceptional items) and a 6.33% increase YoY from Rs 1,682.98 lakh. For the full year FY26, profit before tax was Rs 4,883.49 lakh, up 138.00% YoY. Net Profit: The company earned a net profit of Rs 1,346.09 lakh in Q4FY26, growing 939.21% QoQ from Rs 129.53 lakh, while registering a marginal YoY decrease of 0.97% from Rs 1,359.21 lakh. For the full year FY26, standalone net profit was Rs 3,821.09 lakh, up 133.40% YoY from Rs 1,637.12 lakh in FY25. Earnings Per Share (EPS): Basic and diluted EPS for FY26 stood at Rs 5.55, compared to Rs 2.38 in FY25. Business Highlights Segment Performance (Annual Consolidated Revenue FY26): Filtration, Drying and Other Equipment: Revenue grew to Rs 47,433.82 lakh from Rs 31,424.75 lakh in FY25. Glass Lined Products: Revenue increased to Rs 67,636.39 lakh from Rs 58,216.75 lakh in FY25. Heat Transfer Equipment: Revenue rose to Rs 20,033.53 lakh from Rs 12,172.89 lakh in FY25. Amalgamation: The National Company Law Tribunal, Ahmedabad Bench, approved the Scheme of Amalgamation of Kinam Enterprise Private Limited with the company, effective from August 7, 2023. This merger was accounted for in the quarter ended September 2025, resulting in an increase in net worth by Rs 654.26 lakh. New Subsidiary: The Company incorporated a wholly-owned subsidiary, HLE International S.a.r.l., in the Grand Duchy of Luxembourg during the year. Dividend: The Board of Directors has recommended a final dividend of 55% (Rs 1.10) per equity share for the financial year 2025-26, subject to shareholder approval. Exceptional Items: Consolidated exceptional items for FY26 amounted to Rs 668.61 lakh, which included Rs 461.88 lakh for business acquisition transaction costs and Rs 206.73 lakh for incremental estimated defined benefit obligations. Himanshu K. Patel, Managing Director, said, “We are pleased to report a strong close to FY26, with Q4 and the full year reflecting solid momentum across both standalone and consolidated operations. The year was driven by healthy demand, disciplined execution, improved scale in core businesses, and meaningful progress on strategic expansions, positioning us well for future growth. Our results underscore the strength of our diversified model, enhanced execution capabilities, and sustained demand across key end-user industries, underpinned by operational discipline and focused customer engagement. During the year, we strengthened our strategic platform through the integration of recent acquisitions. The acquisition of Omeras in Germany expanded our presence into Glass Fused Steel products, opening new opportunities in Biogas Digestors, Large Storage Tanks, and Architectural Facades, thereby enhancing our portfolio and global reach. We remain confident that the integration benefits from recent acquisitions will create meaningful cross-selling opportunities, operational synergies, and long-term value creation. On a consolidated basis, Q4 FY26 revenue stood at Rs 391.7 crore, EBITDA at Rs 43.9 crore with an EBITDA margin of 11.2%, and PAT at Rs 20.1 crore. Full-year FY26 consolidated revenue was Rs 1,353.0 crore, EBITDA Rs 148.5 crore with a margin of 11.0%, and PAT Rs 56.6 crore. These results demonstrate our resilience, scale benefits, and ability to deliver growth despite integration and transitional costs. Encouraged by our robust order pipeline, our book stood at Rs 681.6 crore as of March 31, 2026, offering strong visibility. Omeras is likely to demonstrate a meaningful contribution from FY27. Amid global geopolitical tensions and trade uncertainties, accelerating shifts toward reliable manufacturing partners, India remains well-positioned. HLE Glascoat is benefiting from global supply-chain realignment through its engineering capabilities, specialised portfolio, and growing international presence, with encouraging traction supporting export growth. The strong momentum created by the pharmaceutical sector both globally and in India is likely to create long-term opportunities for Indian manufacturing and engineering companies. Backed by a diversified product portfolio, strong execution capabilities, and an expanding manufacturing footprint, HLE Glascoat is well-positioned to capitalise on these opportunities and strengthen its position as a trusted partner to domestic and global customers. Looking ahead, we remain focused on profitable growth, operational efficiencies, deeper customer relationships, and maximising acquisition value. Our continued focus on product mix improvement, cost optimisation, and operating leverage is expected to strengthen margins and enhance profitability over the medium term, while delivering sustained value to all stakeholders.” Result PDF