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.

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