HLE Glascoat, a leader in chemical process equipment, filtration, drying, heat transfer, and glass-lined products, has announced its unaudited financial results for the quarter and nine months ended 31st December, 2025, reporting strong revenue growth across key segments and early benefits from recent acquisitions.

For the nine months of FY26, consolidated revenue soared to Rs. 96,128.9 lakh, up 38.5% year-on-year, while EBITDA reached Rs. 10,459.6 lakh, reflecting a 20.7% increase, with a margin of 10.9%. Profit after tax climbed 20.9% to Rs. 3,642.2 lakh, despite exceptional items including Rs. 206.7 lakh related to new Labour Code provisions and Rs. 418.5 lakh in acquisition costs.

Segment-wise, the company recorded robust growth in:Heat Transfer Equipment: Rs. 5,614.4 lakh in Q3 FY26, up 151.4% YoY; Filtration and Drying Equipment: Rs. 10,019.8 lakh, up 40.9% YoY; Glass Lined Products: Rs. 16,990.2 lakh, up 24.3% YoY.

Operating highlights included a strong order book of Rs. 65,339.2 lakh as of 31st December, 2025, providing visibility for future growth. The company also announced a capital expenditure of up to Rs. 25 crore at its Silvassa facility to manufacture Glass-fused tanks, silos, and allied products leveraging its recent Omeras acquisition.

Commenting on the results, Managing Director Himanshu K. Patel said, "We are pleased to report continued strong momentum in FY26, with Q3 and the nine months ended 31st December, 2025 delivering robust growth across our key segments. Revenues for the nine-month period grew 46% year-on-year on a standalone basis to Rs. 52,157 lakh and 38.5% on a consolidated basis to Rs. 96,129 lakh, driven by healthy demand and efficient execution.

"EBITDA margins held firm despite initial losses incurred by the Omeras business (recently acquired) and one-time exceptional expenses related to acquisitions and new labor code implementation, reflecting our disciplined focus on operational excellence and cost management, while standalone net profit rose significantly to Rs. 2,475 lakh and consolidated net profit reached Rs. 3,642 lakh."

He added: "The quarter highlighted exceptional performance in our Heat Transfer Equipment segment, which surged 151% year-on-year, alongside solid contributions from Glass Lined Products (24% growth) and Filtration and Drying Equipment (41% growth). Building on the Omeras acquisition completed in Q2, which expanded our footprint into Glass Fused Steel products with strong potential in Biogas Digestors, Large Storage Tanks, and Architectural Facades, we are now seeing early synergies and enhanced diversification.

"Looking ahead, the second half of the fiscal year typically contributes between 55% and 60% of our revenues. Omeras is expected to achieve breakeven by Q4 FY26, with meaningful contribution anticipated from FY27 onwards. With a robust order book and rising capex in end-user sectors, along with our innovative product pipeline, we remain quietly confident in sustaining this growth trajectory."