HLE Glascoat's Q1 FY 2025-26 Quarterly Results

Result Summary

• HLE Glascoat Ltd reported a 7.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 25.1%.
• Its expenses for the quarter were down by 8.5% QoQ and up 18.6% YoY.
• The net profit increased 20.7% QoQ and increased 229.5% YoY.
• The earnings per share (EPS) of HLE Glascoat Ltd stood at 2.6 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

HLE Glascoat Ltd is a company that operates within the manufacturing industry, primarily focusing on producing and supplying glass-lined equipment, which is crucial for industries such as pharmaceuticals and chemicals. Glass-lining is essential for processes involving highly corrosive substances, and HLE Glascoat Ltd is known for its expertise in this niche segment. The company has built a reputation for quality and innovation, positioning itself as a key player in its industry. As of the latest available information, no major recent developments have been noted, but the company continues to serve its established markets with its core product offerings.

Revenue

In the first quarter of the fiscal year 2026 (Q1FY26), HLE Glascoat Ltd reported a total income of ₹286.19 crores. When compared to the preceding quarter (Q4FY25) which had a total income of ₹308.87 crores, there was a quarter-over-quarter (QoQ) decline of 7.3%. However, on a year-over-year (YoY) basis, comparing Q1FY26 to Q1FY25, where the income was ₹228.86 crores, the company experienced a significant increase of 25.1%. This YoY growth indicates an overall increase in revenue compared to the same period in the previous year, despite the recent QoQ decline.

Profitability

For the first quarter of FY26, HLE Glascoat Ltd reported a profit before tax of ₹22.89 crores, which marks an increase of 8.1% from the previous quarter's figure of ₹21.17 crores. The YoY comparison shows a substantial rise of 230.3% from ₹6.93 crores in Q1FY25. After accounting for taxes, the profit after tax for Q1FY26 stood at ₹17.86 crores, reflecting a QoQ growth of 20.7% from ₹14.80 crores in Q4FY25 and an impressive YoY growth of 229.5% from ₹5.42 crores in Q1FY25. The company's earnings per share (EPS) increased to ₹2.60 in Q1FY26 from ₹2.30 in the previous quarter and from ₹0.80 in the same quarter last year, showing a YoY growth of 225.0%.

Operating Metrics

In terms of expenses, HLE Glascoat Ltd incurred total expenses of ₹263.31 crores in Q1FY26. This represents a decrease of 8.5% from ₹287.70 crores in Q4FY25. On a YoY basis, total expenses increased by 18.6% from ₹221.93 crores in Q1FY25. The reduction in quarterly expenses and the significant yearly increase in profit after tax suggest efficient cost management and improved operational performance over the year. The tax expenses for Q1FY26 were ₹5.03 crores, decreasing by 20.9% from the previous quarter's ₹6.36 crores, and increasing by 233.1% from the ₹1.51 crores reported in Q1FY25. This change in tax expense, alongside the variations in profit, reflects the company's evolving financial landscape over the periods in question.