HLE Glascoat reports strong Q2, H1 FY26 growth, robust order book

HLE Glascoat Limited reported consolidated revenue from operations of approximately INR 351 crores for Q2 FY26, marking a 48.8% year-on-year growth. The company's EBITDA for the quarter stood at INR 40 crores, an increase of 13.2% year-on-year, with an EBITDA margin of 11.4%. For H1 FY26, revenue grew by 37.1% to INR 635 crores, and EBITDA reached INR 80 crores, a 35.3% year-on-year growth, with a margin of 12.6%. Profit after tax for Q2 FY26 was INR 14 crores, yielding a PAT margin of 4%.

The filtration, drying, and other equipment segments saw substantial growth, with revenues increasing by 111.1% in Q2 FY26 to INR 137 crores and by 88.5% in H1 FY26. The glass line equipment business generated INR 157 crores in Q2 FY26, up 8.9% from the previous year. Heat transfer equipment revenue grew by 124.8% to INR 56 crores in Q2 FY26 and by 105.5% in H1 FY26. The company's order book remains strong at approximately INR 722 crores as of September 30, 2025.

HLE Glascoat completed the acquisition of Omeras Global business and shares of Omeras Store GmbH, funded entirely through internal accruals. This acquisition positions the company in glass fused steel products and panels, opening opportunities in sectors like biogas digester systems and large storage tanks. The scheme of amalgamation of Kinam Enterprise Private Limited with HLE Glascoat Limited was also approved, achieving 70% ownership of the Kinam business.