HLE Glascoat Limited , a leading manufacturer of specialized processing equipment, has reported a robust financial performance for the second quarter of fiscal year 2026, with significant revenue growth and strategic expansion through acquisition.

Key Financial Highlights

• Revenue: HLE Glascoat achieved consolidated revenue of INR 351.00 crores in Q2 FY26, marking a substantial growth of 48.8% compared to the same quarter in the previous year.
• EBITDA: The company reported an EBITDA of INR 40.00 crores, representing a 13.2% year-on-year growth.
• EBITDA Margin: The EBITDA margin stood at 11.4%, reflecting some compression due to competitive pricing on previous orders and initial losses from the newly acquired Omeras business.
• Profit After Tax (PAT): The company earned a PAT of approximately INR 14.00 crores with a PAT margin of 4%.

Half-Year Performance

For the first half of FY26 (H1 FY26), HLE Glascoat's performance remained strong:

• Revenue: Grew by 37.1% to INR 635.00 crores from INR 463.00 crores in H1 FY25.
• EBITDA: Increased by 35.3% to INR 80.00 crores, compared to INR 59.00 crores in the previous year.
• EBITDA Margin: Stood at 12.6% for H1 FY26.

Segment-wise Performance

1. Filtration, Drying, and Other Equipment

• Q2 FY26 Revenue: INR 137.00 crores (111.1% YoY growth)
• H1 FY26 Revenue Growth: 88.5% YoY

2. Glass Line Equipment

• Q2 FY26 Revenue: INR 157.00 crores (8.9% YoY growth)

3. Heat Transfer Equipment

• Q2 FY26 Revenue: INR 56.00 crores (124.8% YoY growth)
• H1 FY26 Revenue Growth: 105.5% YoY

Strategic Acquisition and Business Expansion

HLE Glascoat completed the acquisition of the Omeras Global business through its wholly-owned step-down subsidiary, HLE Surface Technologies GmbH. This strategic move marks the company's entry into the glass fused steel products and panels business, opening up significant global opportunities in sectors such as biogas digester systems, large storage tanks, and architectural facade solutions.

Order Book and Business Outlook

• The company's order book remains robust at INR 722.00 crores as of September 30, 2025, providing strong revenue visibility for upcoming quarters.
• HLE Glascoat continues to witness steady inquiries across all business segments, reflecting the strength of its offerings and growing market acceptance.
• The Thaletec range of glass line products is receiving encouraging responses from reputed customers across India, reaffirming the value and quality of the company's solutions.

Management Commentary

Aalap Patel, Executive Director of HLE Glascoat, commented on the performance, stating, "FY '26 continues to progress well with Q2 delivering healthy growth across key metrics. The strong performance during the quarter reflects robust demand, operational discipline, and consistent execution across our businesses."

He further added, "The acquisition of Omeras business was entirely funded through internal accruals without any external borrowings. This reflects the inherent financial strength of the company and our prudent approach towards expansion."

Future Outlook

The management expects the second half of FY26 to see improved EBITDA margins, projecting overall EBITDA margins of approximately 16% for the full year. The company remains focused on efficient working capital management, disciplined capital allocation, and internal accrual funding to further strengthen its balance sheet.

HLE Glascoat's strategic initiatives, including the introduction of advanced products and expansion into new markets, position the company well for sustained growth in the coming quarters.

Conclusion

HLE Glascoat's Q2 FY26 results demonstrate the company's ability to capitalize on market opportunities and execute strategic initiatives effectively. The significant revenue growth, coupled with the strategic acquisition of Omeras Global, sets a strong foundation for future expansion and market leadership in specialized processing equipment manufacturing.

HLE Glascoat Limited, a leading manufacturer of process equipment, has reported a significant increase in profit and revenue for the quarter ended September 30, 2023.

Financial Highlights

HLE Glascoat demonstrated robust top-line growth, with revenue from operations surging to ₹19,307.63 lakhs in Q2 FY2024, marking a substantial 68.66% increase from ₹11,447.95 lakhs in the same quarter last year.

The company's profitability showed remarkable improvement during the quarter. Standalone profit increased significantly by 15,955.69% year-over-year, rising to ₹804.33 lakhs from ₹5.01 lakhs in Q2 FY2023. On a consolidated basis, profit grew by 1,956.20% to ₹1,619.73 lakhs compared to ₹78.77 lakhs in the previous year.

Half-Year Performance

For the half-year period, HLE Glascoat reported a standalone profit of ₹2,345.47 lakhs, a substantial increase from ₹147.96 lakhs in the same period last year.

Strategic Developments

The company announced several strategic moves during the quarter:

1. The National Company Law Tribunal approved the amalgamation of Kinam Enterprise Private Limited with HLE Glascoat, effective from August 7, 2023.

2. HLE Glascoat completed strategic acquisitions including HLE Surface Technologies GmbH and Omerastore GmbH through its subsidiary Thaletec GmbH.

Earnings Per Share

Basic earnings per share improved significantly to ₹1.16 for the quarter compared to ₹0.01 in the previous year, reflecting the company's strong profit growth.

Market Implications

The results present a positive picture for investors. The strong revenue and profit growth indicate successful market expansion and improved operational efficiency. The strategic acquisitions and amalgamation suggest that HLE Glascoat is positioning itself for further growth and market consolidation.

HLE Glascoat's ability to maintain this growth trajectory while integrating its new acquisitions will be crucial in the coming quarters. Investors and analysts will likely be watching closely to see how the company leverages these strategic moves to further enhance its market position and financial performance.