HLE Glascoat shares hit the 20% upper circuit after the company reported over double the profit in Q4FY25. Full-year profit also grew 51% compared to last year. The company has a strong order book of ₹575 crore, entering FY26 with strong revenue visibility.
The share price of HLE Glascoat, a small-cap stock, was seen buzzing on the bourses as it hit the 20 per cent upper circuit limit on May 20, 2025. As of 11:15 AM, the shares remained locked at this level, coinciding with the announcement of the company’s financial results for the quarter and year ended March 31, 2025.
For the quarter ended March 31, 2025, HLE Glascoat reported a consolidated revenue of ₹333.71 crore, reflecting an 8.7% increase over ₹306.90 crore in Q4FY24. EBITDA rose sharply by 41.1% to ₹54.24 crore from ₹38.45 crore, while Profit After Tax (PAT) more than doubled to ₹31.64 crore, up 113.8% from ₹14.80 crore in the corresponding quarter of the previous year.
On a full-year basis, the company recorded a revenue of ₹1,027.59 crore, marking a 6.2% growth compared to ₹967.92 crore in FY24. EBITDA stood at ₹140.93 crore, up 16.6%, and PAT reached ₹61.77 crore, registering a 51.1% year-on-year increase from ₹40.89 crore. These figures include the financial contribution from Kinam Engineering Industries, consolidated post its acquisition in September 2023.
As of March 31, 2025, the company reported an orderbook of ₹575.06 crore, indicating strong visibility for future revenue across its business segments. The Board has proposed a final dividend of 55 per cent, amounting to ₹1.10 per equity share for FY2024-25.
During the year, HLE Glascoat inaugurated a Centre of Excellence in Anand, Gujarat, aimed at enhancing product development and technical capabilities. Additionally, Kinam commenced supplies under its first significant order in the oil and gas sector, with full execution expected in the first quarter of FY2025-26. The proposed amalgamation of Kinam Enterprise Private Limited with HLE Glascoat is scheduled for final hearing before the NCLT, Ahmedabad Bench, in July 2025.
HLE Glascoat operates in the specialised field of manufacturing chemical process equipment. The company’s core products include filtration and drying equipment, such as Agitated Nutsche Filters and Dryers. It also manufactures specialised glass lined equipment including reactors, columns, heat exchangers, filters, and dryers. The brand holds a strong presence in the Indian chemical and pharmaceutical industries.
Over the last one month, the share price of HLE Glascoat has increased by 30.5%, while it has surged 38% in the last three months.
Disclaimer: The article is for informational purposes only and not investment advice.
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