HLE Glascoat Limited, engaged in the specialized business of manufacturing chemical process equipment, filtration, drying, heat transfer and glass lined equipment, announced its audited financial results for the quarter and year ended 31st March, 2025.

The company posted a 113% YoY jump in consolidated net profit to Rs. 32 crore, while revenue from operations rose to Rs. 334 crore, up from Rs. 307 crore in the same quarter last year.

On the operating front, EBITDA improved by 44% YoY to Rs. 52 crore. HLE Glasscoat said its order book as of 31st March 2025 stood at Rs. 575.06 crore, providing good visibility for enhanced future performance. The company said it continues to receive inquiries for orders for all segments.

For FY 2024-25, HLE Glascoat reported a consolidated revenue of Rs. 1,027.6 crore, registering a year-on-year growth of 6.2%. The company’s EBITDA stood at Rs. 140.9 crore, reflecting a 16.6% increase over the previous year, with the EBITDA margin at 13.7%. Profit after tax (PAT) came in at Rs. 61.77 crore, marking a strong 51.1% year-on-year growth, with a PAT margin of 6.0%.

Commenting on the Results, 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 Rs. 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 Rs. 6,176.7 lakhs. In particular, Q4

PAT more than doubled YoY to Rs. 3,164.4 lakhs, underscoring enhanced operating leverage and improved profitability. With an order book of Rs. 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.”