HLE Glascoat Ltd Share Price – NSE /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Profit before tax (PBT) jumped 21% YoY to Rs 19.53 crore during the quarter.

EBITDA (includes other income) stood at Rs 35.48 crore during the quarter, up 18.9% as compared with Rs 29.85 crore posted in corresponding quarter last year. EBITDA margin increased 170 bps to 15.1% in Q2 FY25 as against 13.3% in Q2 FY24.

Revenue from Filtration, Drying and Other Equipment declined 35.5% YoY to Rs 64.95 crore in Q2 FY25 while revenue from glass lined equipment jumped 18.4% YoY to Rs 144.39 crore during the quarter.

The orderbook as at September 2024 end of Rs 602.47 crore provides reasonable visibility.

Meanwhile, the company has signed definitive agreements with Clean Max Enviro Energy Solutions (Clean Max) and Clean Max Anchorage (CMAPL), whereby the company will acquire 26% equity shares of CMAPL from Clean Max. This investment is intended for the purpose of developing a captive power facility in state of Gujarat having a solar capacity of 2.31 MWp and a wind capacity of 3.30 MW.

HLE Glascoat is a leading manufacturer of process equipment for the chemical and pharmaceutical industries. It manufactures a wide range of chemical processing equipment in an equally wide range of materials for some of the most demanding applications.

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Net profit of HLE Glascoat rose 26.52% to Rs 12.69 crore in the quarter ended September 2024 as against Rs 10.03 crore during the previous quarter ended September 2023. Sales rose 5.06% to Rs 235.78 crore in the quarter ended September 2024 as against Rs 224.42 crore during the previous quarter ended September 2023.

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HLE Glascoat will hold a meeting of the Board of Directors of the Company on 11 November 2024

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HLE Glascoat announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.

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