HLE Glascoat Q1 Profit Soars 229.6 per cent on Record Orders

12 Aug 2025 CW Team

HLE Glascoat Limited, a leading manufacturer of chemical process equipment, filtration, drying, heat transfer and glass lined equipment, has reported robust financial results for the quarter ended 30 June 2025, supported by a record order book and strong demand across business segments.

Operational Highlights

Record order book of Rs 7.39 billion as of 30 June 2025, ensuring strong visibility for future performance.
Continued focus on efficient working capital management and debt reduction to boost operational efficiency.
Positive market response for the Thaletec range of glass lined products from reputed corporate clients in India.
Awaiting final order from the Hon’ble NCLT, Ahmedabad Bench, for the approval of the Scheme of Amalgamation of Kinam Enterprise Private Limited with HLE Glascoat Limited.

Financial Performance (Consolidated)

Revenue stood at Rs 2.84 billion, up 25.0 per cent year-on-year.
EBITDA rose to Rs 398.46 million, up 68.6 per cent year-on-year, with a margin of 14.0 per cent.
Profit After Tax (PAT) surged to Rs 178.65 million, marking a 229.6 per cent rise, with a PAT margin of 6.3 per cent.

The company remains optimistic about sustained growth, driven by strong order inflows, operational efficiency, and growing demand for its specialised equipment.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..