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HLE Glascoat reported strong Q2 & H1 FY26 financial results for the quarter and half-year, with revenue up 48.8% and 37.1% YoY, respectively. Q2 PAT was INR 14 Cr. Margins were impacted by competitive pricing on past orders and initial losses from the Omeras acquisition, but management anticipates Q2 was the low point.
H2 FY26 EBITDA is projected at ~16% for the overall business, with glass-line EBIT reaching double-digits by Q4, driven by improved capacity utilization. The order book stood at INR 722 Cr as of September 2025, offering solid revenue visibility. Omeras integration progresses, boasting a healthy EUR 28M+ pipeline, aiming for breakeven by Q4. Management remains confident in leveraging technology and strategic market expansion for sustained future growth.