HLE Glascoat Ltd

HLE Glascoat Ltd. is currently trading at Rs 345.0, up 3.40%, while its stock has risen 8.92% over the last one week. HLE Glascoat Limited announced that its step-down subsidiary, HLE Surface Technologies GmbH, has secured a contract from FLC Portals Group I/S, Denmark, valued at approximately Euro 20.56 million for the supply of vitreous enamel cladding panels, related to the construction of a tunnel connecting the German island of Fehmarn and the Danish island of Lolland. The order, awarded on September 8, 2026, is expected to be executed on or before April 2030, and does not involve any related party transactions. Trading volume reached 15503 shares today, a decrease of 78.08% compared to the one-week average volume. HLE Glascoat Ltd. experienced a sharp decline of 39.88% year-over-year, underperforming the 4.01% loss registered by the NIFTY50 index.

HLE Glascoat Ltd share price gained 2.52% to Rs 466.45. The Company's net profit tumbled by 89.82% to Rs 2.05 crore, while revenue from operations dropped sharply 23.22% to Rs 300.75 crore in Q2FY26 over Q1FY26. The market capitalization of Industrial Products industry group stocks on BSE stood at Rs 2.77 lakh crore, easing 5.67%. It has marginally improved by 3.57% over last one week and surged by 38.24% in last one month while the market capitalization of HLE Glascoat Ltd has edged up by 12.52% and 46.56% in the same period respectively. Profit before tax (PBT) of HLE Glascoat Ltd stood at Rs 4.37 crore in Q2 FY26, tumbling by 80.91% year-on-year, and nosediving by 82.69% quarter-on-quarter. EBITDA came in at Rs 19 crore, plunging by 45.60% YoY and tanking 53.91% sequentially. Total expenses contracted by 19.18% to Rs 289.72 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 135.02 crore, declining 16.84% YoY, while employee benefits expense was at Rs 74.71 crore, ticking higher by 0.80% YoY. For the TTM ended FY26, revenue from operations inched higher 6.16% to Rs 1027.59 crore, while net profit jumped 51.06% to Rs 61.77 crore, compared to previous TTM. EBITDA surged by 10560% to Rs 126.21 crore, and PBT witnessed a strong rise of 27.93% to Rs 75.07 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 134.36 crore in FY26, as against Rs 94.73 crore in FY25. HLE Glascoat Ltd rallied 9.02% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.63% during the same period.

HLE Glascoat announced that the Board of Directors of the Company at its meeting held on 18 May 2026, inter alia, have recommended the final dividend of Rs 1.1 per equity Share (i.e. 55%) , subject to the approval of the shareholders.

Net profit of HLE Glascoat declined 10.57% to Rs 18.19 crore in the quarter ended March 2026 as against Rs 20.34 crore during the previous quarter ended March 2025. Sales rose 17.37% to Rs 391.69 crore in the quarter ended March 2026 as against Rs 333.71 crore during the previous quarter ended March 2025. For the full year,net profit rose 5.80% to Rs 49.42 crore in the year ended March 2026 as against Rs 46.71 crore during the previous year ended March 2025. Sales rose 31.67% to Rs 1352.98 crore in the year ended March 2026 as against Rs 1027.59 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales391.69333.71 17 1352.981027.59 32 OPM %10.9315.58 -10.3313.00 - PBDT35.2844.93 -21 114.09104.74 9 PBT25.6837.20 -31 77.6475.07 3 NP18.1920.34 -11 49.4246.71 6 Powered by Capital Market - Live

HLE Glascoat will hold a meeting of the Board of Directors of the Company on 18 May 2026.

While EBITDA declined by 10.8% to Rs 24.59 crore, EBITDA margin contracted by 440 basis points YoY to 7.5% in Q3 FY26. Profit before tax and before exceptional items in Q3 FY26 stood at Rs 6.83 crore, down by 40.1% from Rs 11.41 crore recorded in Q3 FY25. The company had an orderbook of Rs 653.39 crore as on 31 December 2025. The company said that it continues to receive enquiries for orders across all business segments. HLE Glascoat further said that it would undertake capital expenditure of upto Rs 25 crore to manufacture glass-fused tanks, silos and other allied products at its existing Silvassa manufacturing campus, based on the experience and knowledge of the Omeras business acquisition. Himanshu K. Patel, managing director, said: 'The quarter highlighted exceptional performance in our Heat Transfer Equipment segment, which surged 151% year-on-year, alongside solid contributions from Glass Lined Products (24% growth) and Filtration and Drying Equipment (41% growth). Building on the Omeras acquisition completed in Q2, which expanded our footprint into Glass Fused Steel products with strong potential in Biogas Digestors, Large Storage Tanks, and Architectural Facades, we are now seeing early synergies and enhanced diversification. Looking ahead, the second half of the fiscal year typically contributes between 55% and 60% of our revenues. Omeras is expected to achieve breakeven by Q4 FY26, with meaningful contribution anticipated from FY27 onwards.' HLE Glascoat is engaged in the specialized business of manufacturing chemical process equipment. The company's key product segment has been filtration and drying equipment. The flagship products in this segment are agitated nutsche filters and dryers. Powered by Capital Market - Live

Net profit of HLE Glascoat declined 66.67% to Rs 2.83 crore in the quarter ended December 2025 as against Rs 8.49 crore during the previous quarter ended December 2024. Sales rose 41.35% to Rs 326.57 crore in the quarter ended December 2025 as against Rs 231.03 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales326.57231.03 41 OPM %6.4611.10 - PBDT16.7318.79 -11 PBT6.8311.41 -40 NP2.838.49 -67 Powered by Capital Market - Live

HLE Glascoat will hold a meeting of the Board of Directors of the Company on 10 February 2026.Powered by Capital Market - Live

Net profit of HLE Glascoat declined 5.52% to Rs 11.99 crore in the quarter ended September 2025 as against Rs 12.69 crore during the previous quarter ended September 2024. Sales rose 48.77% to Rs 350.78 crore in the quarter ended September 2025 as against Rs 235.78 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales350.78235.78 49 OPM %10.9014.46 - PBDT30.8426.84 15 PBT22.2419.53 14 NP11.9912.69 -6 Powered by Capital Market - Live

HLE Glascoat will hold a meeting of the Board of Directors of the Company on 10 November 2025.Powered by Capital Market - Live