HLE Glascoat Limited has informed the Exchange that Board of Directors at its meeting held on May 19, 2025, recommended Final Dividend of 55% (i.e. Rs.1.10 per equity share of Rs.2 each).
HLEGLAS · price
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HLE Glascoat's board met on May 19, 2025 and approved audited financial results for Q4 and FY25 along with a final dividend of 55% (Rs. 1.10 per equity share of Rs. 2 face value), subject to shareholder approval. On a standalone basis, revenue fell about 6.7% to Rs. 551.1 crore and profit after tax dropped roughly 38% to Rs. 16.4 crore, with EPS at Rs. 2.40 versus Rs. 4.43 last year. On a consolidated basis (including subsidiaries Thaletec and the Kinam group), revenue grew about 6% to Rs. 1,027.6 crore and PAT jumped roughly 51% to Rs. 61.8 crore, with EPS rising to Rs. 9.05 from Rs. 6.52. The board re-appointed Himanshu Patel as Managing Director, Aalap Patel as Executive Director, Harsh Patel as Whole-Time Director, and renewed secretarial, internal, and cost auditors. Operating cash flow improved sharply to Rs. 109.9 crore versus Rs. 48.3 crore in FY24, while long-term borrowings fell to Rs. 109.3 crore from Rs. 146.7 crore. The auditor (M M Nissim & Co LLP) issued an unqualified opinion on both standalone and consolidated results.
Shareholders are set to receive a steady Rs. 1.10 per share dividend pending AGM approval. The mixed picture — weak standalone but strong consolidated growth driven by subsidiaries — means investors should focus on the group-level numbers, which show healthy profit expansion and debt reduction that could support the stock.