HLE Glascoat Limited — Updates, 11-02-2025: Press Release

HLE Glascoat Limited reported a stable performance for the quarter and nine months ended December 31, 2024, driven by a robust order book of ₹ 68,323.8 lakhs, reflecting good future visibility. The company’s revenue from operations reached ₹ 69,388.0 lakhs, representing a 5.0% year-on-year growth. EBITDA stood at ₹ 8,668.9 lakhs with a 12.5% margin, indicating a 5.2% increase year-on-year. Profit After Tax (PAT) for the nine-month period was ₹ 3,012.3 lakhs, marking a substantial 15.5% increase compared to the previous year.

Operationally, HLE Glascoat completed a 26% stake acquisition in Clean Max Anchorage Private Limited, expected to enhance renewable energy use and reduce costs. The ongoing integration of Kinam Engineering Industries, acquired in September 2023, is anticipated to bolster the company’s position in core segments. Current challenges in the industrial chemical sector appear to be easing, with the pharmaceutical segment maintaining steady demand. Overall, the outlook remains positive, bolstered by strategic expansions and a focus on sustainable growth.