HLE Glascoat Q3 FY26: 9M revenue up 38.5%, PAT up 20.9%

Revenue growth above 20%EBITDA margin compressionExceptional itemResults View source PDF Explain this filing

HLEGLAS · price

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Price reactionminutes from the announcement price · days from the prior close

-7.3%Reaction day

₹390.65

prior close

₹355.95

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-6.8% vs market

Industrial Products peers, median of 119sector-0.5%-6.8% vs sector

On the reaction day the stock moved 6.8 pts less than Nifty Microcap 250 and 6.8 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

HLE Glascoat posted 9M FY26 consolidated revenue of Rs 96,129 lakhs, up 38.5% year on year, driven by Heat Transfer Equipment up 120.5% and Filtration up 72%. EBITDA grew 20.7% to Rs 10,460 lakhs but margin slipped to 10.9% from 12.5%, hit by about Rs 893 lakh loss at newly acquired Omeras business. PAT rose 20.9% to Rs 3,642 lakhs. Q3 alone: revenue up 41.4% but PAT fell 55.3%. Orderbook stands at Rs 65,339 lakhs. Two exceptional items booked: Labour Codes impact and acquisition costs.

Likely market impact

Strong revenue growth supported by orderbook, but margin pressure from new acquisitions remains a concern. Watch Omeras breakeven in Q4 FY26.