HLE Glascoat Limited has delivered a strong operational performance in Q3FY26, reporting significant revenue growth across both standalone and consolidated operations for the quarter ended December 31, 2025. The company's results demonstrate resilient business fundamentals despite facing exceptional expenses during the period.

Standalone Financial Performance

The company's standalone operations showed robust growth momentum with revenue from operations reaching ₹16,423.71 lakhs in Q3FY26, representing a substantial 26% increase from ₹13,037.76 lakhs in the corresponding quarter of the previous year. However, the quarter's profitability was impacted by exceptional expenses, resulting in a net profit of ₹129.53 lakhs compared to ₹130.86 lakhs in Q3FY25.

For the nine-month period ended December 31, 2025, standalone revenue from operations grew significantly to ₹52,157.36 lakhs from ₹35,612.07 lakhs in the previous year, marking a 46% increase. Net profit for the nine-month period reached ₹2,475.00 lakhs, substantially higher than ₹278.82 lakhs in the corresponding period of FY25.

Consolidated Results Show Strong Growth

The consolidated financial results presented an even more impressive performance, with revenue from operations reaching ₹32,656.67 lakhs in Q3FY26, representing a remarkable 41% growth from ₹23,102.89 lakhs in Q3FY25. The consolidated net profit for the quarter stood at ₹459.95 lakhs compared to ₹1,028.18 lakhs in the previous year.

For the nine-month period, consolidated revenue grew to ₹96,128.87 lakhs from ₹69,387.96 lakhs, while net profit increased to ₹3,642.18 lakhs from ₹3,012.34 lakhs in the corresponding period of the previous year.

Exceptional Items Impact Performance

The company reported exceptional expenses of ₹316.46 lakhs in Q3FY26 and ₹437.26 lakhs for the nine-month period. These expenses comprised two main components:

• Business Acquisition Costs: Transaction costs of ₹109.73 lakhs for the quarter and ₹230.53 lakhs for nine months related to business acquisitions
• New Labour Code Obligations: ₹206.73 lakhs recognized as incremental obligation under the New Labour Codes implemented by the Government of India effective November 21, 2025

Segment-wise Performance Analysis

The consolidated segment results revealed varied performance across business verticals:

The Heat Transfer Equipment segment showed exceptional growth of 151%, while the core Glass Lined Products segment maintained steady growth of 24%. The Filtration, Drying and Other Equipment segment demonstrated strong momentum with 41% growth.

Financial Position and Outlook

The company maintained a stable capital structure with paid-up equity share capital of ₹1,389.09 lakhs, consisting of shares with a face value of ₹2 each. The Board of Directors, in their meeting held on February 10, 2026, reviewed and approved these unaudited financial results, which were subject to limited review by the statutory auditors who issued an unmodified review report.

The results reflect HLE Glascoat's strong operational capabilities and market position, with significant revenue growth across all major business segments despite the impact of exceptional expenses related to strategic acquisitions and regulatory changes.

HLE Glascoat Limited has announced that its Board of Directors will convene on February 10, 2026, to review and approve the company's quarterly financial performance. The meeting has been scheduled in accordance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The primary focus of the upcoming board meeting will be the consideration and approval of the company's unaudited financial results. The board will review both standalone and consolidated financial statements for specific reporting periods.

Trading Window Restrictions

In compliance with insider trading prevention measures, HLE Glascoat Limited has implemented a trading window closure for the December 2025 quarter. This restriction follows the company's Code of Conduct for Prevention of Insider Trading, established under SEBI (Prohibition of Insider Trading) Regulations, 2018.

Regulatory Notifications

The company has formally notified both major stock exchanges about the scheduled board meeting. The announcement was made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, ensuring compliance with disclosure requirements for listed companies.

The financial results will be subject to limited review by the company's auditors before final approval and publication. Additional information regarding the board meeting and related announcements is available on the company's official website at www.hleglascoat.com .