HLE Glascoat trusted partner to India’s chemical and pharmaceutical industries
HLE Glascoat trusted partner to India’s chemical and pharmaceutical industries
- HLE Glascoat PAT for the FY25 growth of 51.1% on a year-on-year basis,
- Key Operational and Financial Highlights
- Operating Highlights
- Robust Orderbook as on 31st March 2025 of ₹ 57,506.2 lakhs provides good visibility for enhanced future performance
- The Company continues to receive enquiries for orders for all segments
- The Board has proposed a dividend of 55% (Rs. 1.10 per equity share) for FY2024-25.
- The Company has inaugurated its state-of-the-art Centre of Excellence at Anand, Gujarat.
- Kinam has initiated supplies of its first large Oil and Gas order. This order will be fully executed in the Q1 of FY2025-26
- The Hon’ble NCLT, Ahmedabad Bench has fixed the final hearing for approval of the Scheme of Amalgamation of Kinam Enterprise Private Limited with HLE Glascoat Limited in July, 2025
- Financial Performance
- The consolidated Revenue for the FY25 stood at ₹ 1,02,758.7 lakhs, achieving a growth of 6.2% on Yo-Y basis.
- EBITDA for FY25 stood at ₹ 14,093.4 lakhs, reflecting a year-on-year growth of 16.6%, with an EBITDA margin of 13.7%.
- PAT for the FY25 reached ₹ 6,176.7 lakhs, marking growth of 51.1% on a year-on-year basis, with a PAT margin of 6.0%
- The Company has reduced its long-term and short-term debt obligations by ₹ 4,976.5 lakhs during the year.
- Commenting on the Results, Mr. Himanshu K. Patel, Managing Director said, “FY25 marked a year of strong execution and meaningful strategic progress for HLE Glascoat Ltd. We concluded the year with a consolidated revenue of ₹1,02,758.7 lakhs, reflecting a 6.2% year-on-year growth. Our Profit After Tax (PAT) saw a significant increase of 51.1% YoY, reaching ₹6,176.7 lakhs. In particular, Q4 PAT more than doubled YoY to ₹3,164.4 lakhs, underscoring enhanced operating leverage and improved profitability. With an order book of ₹57,506.2 lakhs as of March 31, 2025, we enter FY26 with strong revenue visibility. We continued to reinforce our position as a trusted partner to India’s chemical and pharmaceutical industries, both of which are benefiting from structural tailwinds such as increased global outsourcing, supply chain diversification, and rising domestic demand. As these process industries focus on capacity expansion and technology upgrades, the demand for high-quality and highly efficient equipment remains strong. HLE Glascoat’s differentiated strengths in design, manufacturing, and application-specific engineering allow us to respond swiftly and effectively to these evolving customer requirements. We also made significant strides on our strategic priorities. The inauguration of our state-of-the-art Centre of Excellence in Anand, Gujarat, marks a key milestone enhancing customer engagement, accelerating innovation, and deepening technical capabilities. Furthermore, our subsidiary Kinam commenced its first deliveries in the oil & gas sector, opening new avenues for growth. As India’s process industries shift toward more advanced and sustainable manufacturing practices, we remain committed to driving value through innovation, reliability, and operational excellence. We extend our sincere gratitude to our customers, partners, and shareholders for their continued trust and support.”

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