HLE Glascoat's Q1 FY 2026-27 Quarterly Results

Result Summary

• HLE Glascoat Ltd reported a 23.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 5.7%.
• Its expenses for the quarter were down by 18.8% QoQ and up 13.2% YoY.
• The net profit decreased 89.8% QoQ and decreased 88.5% YoY.
• The earnings per share (EPS) of HLE Glascoat Ltd stood at 0.4 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

HLE Glascoat Ltd is a company engaged primarily in the manufacture and sale of specialized equipment and components used in various industrial processes. The company is known for its production of glass-lined equipment, which is essential in industries such as pharmaceuticals, chemicals, and food processing, where corrosion resistance is critical. These products are integral for companies requiring robust and reliable equipment for aggressive chemical processes. As of the data provided, there is no specific information on recent major developments or changes within the company, such as mergers, acquisitions, or significant shifts in strategic direction. Therefore, any recent major developments are not available.

Revenue

For the first quarter of the fiscal year 2027 (Q1FY27), HLE Glascoat Ltd reported total income of ₹302.45 crores. This marks a decline from ₹392.80 crores in Q4FY26, representing a quarter-over-quarter (QoQ) decrease of 23.0%. However, compared to the same quarter in the previous fiscal year (Q1FY26), where the total income was ₹286.19 crores, the company experienced a year-over-year (YoY) increase of 5.7%. The data suggests variability in quarterly income performance, yet a positive annual growth trend in revenue.

Profitability

The company's profitability metrics for Q1FY27 indicate a significant reduction compared to both the previous quarter and the same quarter last year. Profit Before Tax (PBT) decreased to ₹4.37 crores from ₹25.25 crores in Q4FY26, marking a QoQ decline of 82.7%. On a YoY basis, PBT dropped by 80.9% from ₹22.89 crores in Q1FY26. After accounting for taxes, Profit After Tax (PAT) fell to ₹2.05 crores in Q1FY27, compared to ₹20.15 crores in Q4FY26, and ₹17.86 crores in Q1FY26, reflecting decreases of 89.8% QoQ and 88.5% YoY. Earnings Per Share (EPS) followed a similar trend, reducing from ₹2.65 in Q4FY26 and ₹2.62 in Q1FY26 to ₹0.40 in Q1FY27, indicating declines of 84.9% QoQ and 84.7% YoY.

Operating Metrics

The total expenses for Q1FY27 were ₹298.08 crores, down from ₹367.12 crores in Q4FY26, representing an 18.8% QoQ decrease. Compared to Q1FY26, where total expenses were ₹263.31 crores, there was an increase of 13.2% YoY. The tax expense for Q1FY27 was ₹2.31 crores, which decreased by 54.7% QoQ from ₹5.10 crores in Q4FY26 and by 54.1% YoY from ₹5.03 crores in Q1FY26. These figures indicate that while the company managed to reduce its expenses on a quarterly basis, there was an increase in expenses compared to the previous year. The decrease in tax expenses corresponds with the reduction in profitability over the quarters and the year.