HLE Glascoat Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
HLEGLAS · price
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HLE Glascoat Limited submitted its audited standalone and consolidated financial results for Q4 and FY25. On a standalone basis, FY25 revenue from operations declined about 6.7% to ₹55,112 lakhs (vs ₹59,071 lakhs in FY24), while profit after tax fell roughly 38.5% to ₹1,639 lakhs (vs ₹2,664 lakhs). On a consolidated basis, however, revenue grew about 6.2% to ₹1,02,759 lakhs and PAT jumped around 51% to ₹6,177 lakhs, driven by subsidiaries including Thaletec and the Kinam group. The board recommended a 55% dividend (₹1.10 per share on ₹2 face value) for FY25, subject to shareholder approval. The board also approved re-appointments of Managing Director Himanshu Patel, Executive Director Aalap Patel, and Whole-Time Director Harsh Patel, along with re-appointments of secretarial, internal, and cost auditors. The statutory auditor (M M Nissim & Co LLP) issued an unqualified opinion on the results.
Mixed picture for shareholders: standalone numbers weakened on lower revenue and margin compression, but consolidated earnings strengthened significantly thanks to subsidiaries. The proposed dividend signals cash generation confidence, though the standalone profit decline may draw short-term attention.