HLE Glascoat FY26 Revenue Rises 31.7% to ₹1,353 Cr

HLE Glascoat Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a resilient performance for the fiscal year, driven by robust revenue growth across its business verticals. The Board of Directors also recommended a final dividend for the financial year 2025-26.

Consolidated Financial Performance

On a consolidated basis, revenue from operations for FY26 stood at ₹1,353.0 crore, representing a growth of 31.7% compared to ₹1,027.5 crore in the previous year. Profit After Tax (PAT) for the year was ₹56.6 crore, with a margin of 4.2%. EBITDA for the full year increased by 5.4% year-on-year to ₹148.5 crore, with an EBITDA margin of 11.0%. The financial performance includes the impact of exceptional items amounting to ₹6.7 crore, comprising costs related to business acquisitions and the statutory impact of new Labour Codes.

For the quarter ended March 31, 2026, consolidated revenue reached ₹391.7 crore, up 17.4% year-on-year. Q4 PAT was ₹20.1 crore, while EBITDA stood at ₹43.9 crore with a margin of 11.2%. The company noted that the results include an EBITDA loss of ₹15.3 crore and a PAT loss of ₹15.6 crore from the recently acquired Omeras business by HLE Surface Technologies GmbH.

The following table summarises the key consolidated financial metrics for the quarter and full year:

Particulars (₹ Cr) Q4 FY26 Q4 FY25 Y-o-Y FY26 FY25 Y-o-Y Revenue from Operations 391.7 333.7 17.4% 1,353.0 1,027.5 31.7% EBITDA 43.9 54.2 -19.0% 148.5 140.9 5.4% EBITDA Margin 11.2% 16.3% -510 bps 11.0% 13.7% -270 bps Profit After Tax 20.1 31.6 -36.3% 56.6 61.8 -8.4% PAT Margin 5.1% 9.5% -440 bps 4.2% 6.0% -180 bps

Segment-Wise Performance

The company reported broad-based growth across its segments. Filtration, Drying and Other Equipment revenue grew 50.9% to ₹474.3 crore in FY26, while Glass Lined Products revenue increased 16.2% to ₹676.4 crore. Heat Transfer Equipment revenue rose 64.6% to ₹200.3 crore.

Segment FY26 Revenue (₹ Cr) FY25 Revenue (₹ Cr) Y-o-Y Filtration, Drying and Other Equipment 474.3 314.2 50.9% Glass Lined Products 676.4 582.2 16.2% Heat Transfer Equipment 200.3 121.7 64.6%

Operational Highlights and Corporate Developments

The company maintained a strong order book of ₹681.6 crore as of March 31, 2026, providing good visibility for future performance. During the quarter, HLE Glascoat incorporated a wholly owned subsidiary, HLE International S.a.r.l., in Luxembourg. The Board recommended a final dividend of ₹1.10 per equity share (55% on face value of ₹2 each) for the financial year 2025-26, subject to shareholder approval.

HLE Glascoat Limited has notified the stock exchanges of an upcoming board meeting scheduled for May 18, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting has been convened to consider key financial and corporate matters pertaining to the quarter and full year ended March 31, 2026.

Board Meeting Agenda

The board meeting will address two primary items of business, as detailed in the regulatory filing dated May 08, 2026:

Agenda Item: Details Financial Results: Approval of Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026 Dividend Consideration: Recommendation of dividend, if any, on equity shares for the year ended March 31, 2026

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading, adopted pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2018, and the BSE Circular dated April 02, 2019, HLE Glascoat has closed its trading window for the March 2026 quarter. The trading window has been closed effective April 01, 2026, and will remain shut until the expiry of 48 hours from the date the financial results are made public.

The intimation was signed by Achal S. Thakkar, Company Secretary and Compliance Officer of HLE Glascoat Limited. The notice is also available on the company's official website at www.hleglascoat.com .

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