Investor Presentation for Q4 FY 2025-26
HLEGLAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HLE Glascoat reported FY26 revenue of ₹1,353 Cr, up 31.7% Y-o-Y, driven by strong order book of ₹681.6 Cr. However, profitability declined significantly with EBITDA at ₹148.5 Cr (5.4% growth, margin compressed to 11.0% from 13.7%) and PAT at ₹56.6 Cr (-8.4% decline, margin at 4.2% vs 6.0% prior year). Q4 saw sharper deterioration with PAT down 36.3% Y-o-Y. The recently acquired Omeras Germany business (acquired Aug 2025) incurred EBITDA loss of ₹15.3 Cr and PAT loss of ₹15.6 Cr during its first year, citing transition challenges. One-time costs of ₹2.1 Cr for new Labour Codes and ₹4.6 Cr for acquisitions also impacted results. Order book provides 10 months visibility for international business and 4 months for India. Management highlighted that transition challenges at Omeras are largely overcome with current order book of ₹78 Cr providing visibility for FY27.
Margin compression despite revenue growth is a concern, and the Omeras acquisition is dragging profitability in its first year. However, the robust order book provides near-term revenue visibility, and management's transparency about acquisition challenges may reassure investors about governance.