Results for the quarter and year ended on 31.03.2026
HLEGLAS · price
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HLE Glascoat reported strong full-year revenue growth with standalone revenue up 31.2% to ₹72,311 lakhs and consolidated revenue up 31.7% to ₹1,35,298 lakhs compared to FY25. However, profitability showed mixed results - standalone PAT surged 133% to ₹3,821 lakhs while consolidated PAT declined 8.4% to ₹5,657 lakhs. The Q4 standalone PAT was ₹1,346 lakhs (down slightly from ₹1,359 lakhs in Q4 FY25), and Q4 consolidated PAT was ₹2,014 lakhs (down 36% from ₹3,164 lakhs). Exceptional items of ₹669 lakhs included ₹462 lakhs in business acquisition transaction costs and ₹207 lakhs in employee past service cost. The company completed a merger of Kinam Enterprise Private Limited (effective August 2023) and incorporated a new Luxembourg subsidiary. Auditors issued unqualified opinions with an emphasis of matter on the merger accounting treatment.
Revenue growth is robust at over 31%, but the consolidated PAT decline and exceptional items (including acquisition costs) may concern investors. The company is investing in acquisitions and expansion while managing higher employee costs.